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Insider Trading Enforcement Actions

Akin Gump Strauss Hauer & Feld LLP

Federal Agencies Signal Renewed Focus on Prediction Markets

Prediction markets are online platforms where people can bet on the outcome of future events with a “yes” or “no” answer, including contracts based on sports, popular culture and politics. These markets have exploded in...more

Jones Day

IOSCO Report Provides Guidance that Can Help Dealers Avoid Insider Trading Scrutiny

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Both the Financial Industry Regulatory Authority ("FINRA") and the National Futures Association ("NFA") have implemented rules prohibiting the practice of "frontrunning." Criminal prosecutors and financial regulators have...more

Perkins Coie

Securities Enforcement Forum New York 2026: Shifting Priorities and Emerging Risks

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Key Takeaways - Prediction markets are squarely in the DOJ, the SEC, and the Commodity Futures Trading Commission’s (CFTC) sights, so fraud and manipulation will be prosecuted, and CFTC rulemaking on event contracts is...more

Herbert Smith Freehills Kramer

NY Attorney General brings action against former Emergent BioSolutions CEO

On January 15, 2026, Letitia James, the New York attorney general (NY Attorney General), filed a complaint against Robert Kramer, the former CEO of Emergent BioSolutions Inc., alleging insider trading in violation of the...more

Bracewell LLP

Drilled Too Deep: Where Operational Insight Ends and Insider Dealing Begins

Bracewell LLP on

On 19 December 2025, the Financial Conduct Authority (FCA) imposed a fine of £309,843 on Mr. Russel Gerrity, an experienced petrophysical consultant, for engaging in insider dealing....more

Secretariat

The Evolving SEC Enforcement Landscape: Trends for 2026

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Enforcement activity and guidance from 2025 under Chairman Paul Atkins provide important context for understanding where the SEC is focusing its attention in 2026. Regulators and practitioners highlighted these priorities at...more

Womble Bond Dickinson

Betting on the Future: Enforcement Risks in Prediction Markets

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Last month, the world watched two remarkable events unfold in quick succession: the U.S. operation that led to the capture of Nicolás Maduro and the Polymarket trader who turned a $400,000 profit by correctly predicting that...more

Morgan Lewis

Securities Enforcement Roundup – January 2026

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In this issue of our monthly Securities Enforcement Roundup, we highlight top securities enforcement developments from January 2026. ...more

Akin Gump Strauss Hauer & Feld LLP

NYAG Suit Against Former CEO for Insider Trading Under Martin Act Signals Greater State Securities Enforcement Ahead

On January 15, 2026, the New York State Attorney General (NYAG) filed a civil suit against the former CEO of Emergent BioSolutions Inc. (Emergent), Robert G. Kramer, alleging that his sales of company shares pursuant to a...more

BCLP

UK Corporate Briefing - February 2026

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Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. In this month’s issue we discuss...more

Foley Hoag LLP - White Collar Law &...

Securities Enforcement and Regulatory Developments from the SEC, CFTC, and PCAOB

This is the third in our 2026 Year in Preview series examining important trends in white collar law and investigations in the coming year. 2025 saw fundamental shifts in securities enforcement priorities in the first year of...more

Carlton Fields

A New “Sheriff of Wall Street”: New York Attorney General Revives Martin Act in Pursuit of Insider Trading Case Against Former...

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In the early 2000s, then–New York Attorney General Eliot Spitzer earned the moniker “Sheriff of Wall Street” through an aggressive enforcement campaign targeting some of the financial industry’s most powerful institutions. ...more

White & Case LLP

SEC FY 2025 Review: A transformative year in SEC enforcement

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When Paul Atkins assumed the role of Chairman of the US Securities and Exchange Commission (SEC) last April, we anticipated a significant transformation in the Commission’s enforcement strategy, as a leaner, more streamlined...more

Foley & Lardner LLP

N.Y. Attorney General Brings Insider Trading Case

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On January 15, 2026, the Attorney General of the State of New York (NY A.G.) filed suit against Roger G. Kramer, the former CEO of Emergent BioSolutions, Inc., accusing him of insider trading for selling his shares in the...more

Haynes Boone

SEC Enforcement Highlights Fiscal Year 2025

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Shifts in SEC enforcement are typical with new presidential administrations, particularly with a change in the political party. But never have those shifts been as dramatic as those we witnessed in fiscal year 2025. Through...more

A&O Shearman

Hong Kong authorities escalate coordinated action on market misconduct, cyber risks and virtual asset fraud

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Hong Kong’s regulators are active, coordinated, and increasingly expectations‑driven. Businesses should be prepared for assertive use of statutory powers, higher standards on governance and documentation, and closer scrutiny...more

Baker Botts L.L.P.

Prosecuting Like Its 2007? New York Attorney General Brings Martin Act Insider Trading Action Against Former Public-Company CEO

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Over the last several months, there have been a number of reports about a perceived drop-off in enforcement activity by the U.S. Securities and Exchange Commission, including in the area of insider trading....more

Akin Gump Strauss Hauer & Feld LLP

SEC Enforcement Action Targets Insider Trading in the Pharmaceutical Industry

On December 22, 2025, the U.S. Securities and Exchange Commission (SEC) filed a complaint against several defendants for their roles in market manipulation schemes involving two pharmaceutical companies, Olema...more

A&O Shearman

New York Attorney General Institutes Insider Trading Action under Martin Act

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On January 15, 2026, the New York Attorney General (“NYAG”) filed a complaint against a former life-sciences manufacturing CEO alleging violations of New York’s Martin Act for trading material nonpublic information related to...more

Morrison & Foerster LLP

Biopharmaceutical Consultant Faces Criminal and Civil Insider Trading Charges

In case there was any doubt, insider trading enforcement—including DOJ criminal and SEC civil charges—remains a priority to kick off the new year. Last week, the U.S. Attorney’s Office for the District of Massachusetts...more

A&O Shearman

Out of sight, not out of scope: UK FCA fines and bans individual for insider dealing

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The UK FCA has fined a capital markets adviser to an energy company £100,281 – and banned him from working in financial services – for insider dealing. The action illustrates the comparatively low threshold for what may...more

Jones Day

SEC Enforcement in Financial Reporting and Disclosure: Fiscal 2025 Year-End Update

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Financial reporting and disclosure enforcement is a perennial priority for the U.S. Securities and Exchange Commission (“SEC”), but the change in presidential administrations in January 2025 ushered in a potentially new...more

Troutman Pepper Locke

From Vegas to Venezuela: High-Stakes Predictive Markets — Regulatory Oversight Podcast

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In this episode of Regulatory Oversight, host Stephen Piepgrass, who leads Troutman Pepper Locke's Regulatory Investigation Strategy and Enforcement (RISE) practice, is joined by partner Lu Reyes for a deep dive into the...more

Cooley LLP

What to Expect Now from the SEC’s Enforcement Division

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Here’s the intro from this entry on Cooley’s “Securities Litigation + Enforcement” blog penned by Luke Cadigan, Tejal Shah, Elizabeth Skey, Samanta Kirby and Bingxin Wu: “When Paul Atkins became the new chairman of the...more

Holland & Knight LLP

SEC Enforcement 2025 Year in Review

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In this third installment of Season's Readings, we button up our winter jackets and examine the transformative Year of Enforcement that was 2025. The past year has been one of significant transition at the SEC, with new...more

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