In Securities & Exchange Comm. v. Gentile, No. 18-1242, 2019 WL 4686251 (3d Cir. Sept. 26, 2019), the United States Court of Appeals for the Third Circuit took up the question of whether Securities and Exchange Commission...more
10/17/2019
/ Appeals ,
Broker-Dealer ,
Enforcement Actions ,
Future Harm ,
Injunctions ,
Injunctive Relief ,
Penalties ,
Penny Stocks ,
Pump and Dump ,
Remand ,
Reversal ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Statute of Limitations ,
Statutory Authority
The Enforcement Division of the United States Securities and Exchange Commission (“SEC”) recently released its annual enforcement report (“Report”) for fiscal year 2018. The Report reflects an increased focus on retail...more
11/29/2018
/ Cryptocurrency ,
Cyber Crimes ,
Cybersecurity ,
Enforcement Actions ,
Financial Services Industry ,
Individual Accountability ,
Popular ,
Retail Investors ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Self-Reporting ,
Trump Administration
One of the most eye-catching items in the recently released 2017 Annual Report of the Enforcement Division of the Securities and Exchange Commission (SEC or the Commission) is the significant decline in enforcement activity...more
11/30/2017
/ Budget Cuts ,
Corporate Counsel ,
Cyber Threats ,
Cybersecurity ,
Dodd-Frank ,
Enforcement Actions ,
Financial Institutions ,
Insider Trading ,
Investor Protection ,
Ponzi Scheme ,
Popular ,
Publicly-Traded Companies ,
Pump and Dump ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Security Breach ,
Shareholders ,
Trump Administration
On June 5, 2017 the Supreme Court dealt a significant setback to the Securities and Exchange Commission (“SEC”) by limiting its power to extract ill-gotten profits from securities laws violators....more
6/29/2017
/ Disgorgement ,
Enforcement Actions ,
Financial Services Industry ,
Investment Management ,
Kokesh v SEC ,
Misappropriation ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Statute of Limitations ,
White Collar Crimes
The Security and Exchange Commission’s (“SEC”) recent $1 million settlement with Morgan Stanley Smith Barney LLC (“MSSB”) marked a turning point in the agency’s focus on cybersecurity issues, an area that the agency has...more
7/2/2016
/ Broker-Dealer ,
Civil Monetary Penalty ,
Criminal Prosecution ,
Customer Funds Protection ,
Cybersecurity ,
Data Breach ,
Enforcement Actions ,
Investment Adviser ,
Misappropriation ,
Morgan Stanley ,
Personally Identifiable Information ,
Regulation S-P ,
Securities and Exchange Commission (SEC) ,
Settlement
In a closely-watched decision involving judicial review of agency settlements, the Unites States Court of Appeals for the Second Circuit vacated United States District Court Judge Jed Rakoff’s 2011 order rejecting a proposed...more
7/8/2014
/ Appeals ,
Chevron Deference ,
Citigroup ,
Consent Decrees ,
Enforcement ,
Enforcement Actions ,
Interlocutory Appeals ,
Judge Rakoff ,
Risk Management ,
SEC v Citigroup ,
Securities and Exchange Commission (SEC) ,
Settlement