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The New York Stock Exchange settled a proceeding [last] week which alleged that it provided trading information to select proprietary clients prior to releasing it to the public over the last four year. The Commission also filed insider trading actions centered on a corporate director and a registered representative.
The SEC also brought an action centered on the pre-IPO private placement market. There the Order alleged an investment banking firm and its bankers who misrepresented the finances of a company when selling its private placement shares. Finally, a husband and wife team was named as defendants in a complaint focused on a claim that they misappropriated a portion of the funds raised in a municipal bond offering.
Remarks: Commissioner Elisse Walter at the Third SAIS Global Conference on Women in the Board Room (Sept. 20, 2012)(here).
Remarks: Commissioner Luis Aguilar addressed the Hispanic Bar Association of the District of Columbia, delivering remarks titled "Working to Achieve the American Dream" (Sept. 19, 2012). The remarks focused on the operation of the SEC and the Commissioner's background (here).
Testimony: Robert Cook, Director, Division of Trading & Markets, testified before the Senate Committee on Agriculture, Nutrition & Forestry regarding Title VII Implementation. The testimony reviewed Title VII of Dodd-Frank, the on-going coordination of the SEC with the CFTC and other regulators and the adoption of certain rules (here).
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For more cutting edge commentary on developing securities issues, visit SEC Actions, a blog by Thomas Gorman.
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