Speculation about SAC Capital and Steve Cohen, insider trading and Facebook
dominated securities enforcement litigation this week. Although SAC Capital has
tentatively resolved matters for the moment with enforcement officials, a
ruling in private litigation...
SEC Chairman Elise Walter and CFTC Chairman Gary Gensler testified before a Senate Committee this week, focusing on the implementation of Dodd-Frank. The SEC also approved the budget for the PCAOB.
Two former senior executive in the organization of...
The focus this week was on white collar criminal securities cases. First, Rajat Gjupta, the former Goldman Sachs director convicted of passing confidential information to former hedge fund mogul Raja Rajartnam was sentenced. Second, Mr. Rajartnam's...
The SEC settled two insider trading cases this week in which S.A.C. Capital was named as a relief defendant. In one it obtained the largest payment to date in an insider trading case, about $600 million. Reportedly S.A.C. Capital will fund the settlement...