The SEC brought another significant market crisis case, this time against the senior officers of a failed financial institution. The complaint centers on repeated efforts by the CEO, COO and manager of credit risk to conceal the rapidly devolving financial... Read More

The Taylor, Bean & Whitaker investigation spawned guilty plea number five on Friday. Paul Allen, the former CEO of the collapsed firm, pleaded guilty to conspiracy to commit bank and wire fraud and making false statements. U.S. v. Allen (E.D. Va... Read More

The trend of selecting administrative proceedings rather than Federal court by the SEC appears to be continuing. Since last September, for example, the SEC has filed at least seven insider trading cases as administrative proceeds. Previously, the agency... Read More