News & Analysis as of

Insider Trading Securities Fraud

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

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

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

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

ArentFox Schiff

Investigations Newsletter: Aerospace and Defense Contractor Resolves False Claims Act Allegations for $1.5 Million

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Aerospace and Defense Contractor Resolves False Claims Act Allegations for $1.5 Million - On January 5, the US Department of Justice (DOJ) announced that Teledyne RISI Inc., also known as Teledyne Electronic Safety Products,...more

Cooley LLP

SEC Public Companies Enforcement: FY 2025 Review and What to Expect in 2026

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When Paul Atkins became the new chairman of the Securities and Exchange Commission (SEC) in April 2025, the market expected enforcement actions against public companies to decrease....more

Goodwin

Southern District of New York Denies SEC’s Motion to Strike Affirmative Defenses of Former Cannabis Company CFO

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Securities Snapshot highlights notable developments in securities law, covering litigation and enforcement matters, legislation, and regulatory guidance. It is curated by lawyers in Goodwin’s Securities Litigation & SEC...more

Perkins Coie

Securities Enforcement Forum DC 2025: Shifting Focus, Uncertain Guidance

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Despite the continued absence of SEC staff amid the government shutdown, the Securities Enforcement Forum in Washington, D.C. (the Forum) went forward on October 30, 2025. Panelists from the industry provided a candid look at...more

Morrison & Foerster LLP

Top 5 SEC Enforcement Developments for September 2025

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Additionally, on September 26, 2025, SEC Chair Paul S. Atkins announced that the Commission will once again simultaneously evaluate settlement offers in SEC enforcement actions and requests for SEC waivers from automatic...more

Morgan Lewis

Securities Enforcement Roundup – September 2025

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In this issue of our monthly Securities Enforcement Roundup, we highlight top securities enforcement developments from September 2025. ...more

King & Spalding

Chastain: Pushing the Boundaries of Insider Trading

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Insider trading cases may have become harder to prosecute. On July 31, 2025, the Second Circuit released its opinion in United States v. Chastain, an insider trading case in which the defendant had been convicted by a jury...more

Morrison & Foerster LLP

Top 5 SEC Enforcement Developments for August 2025

Each month, we publish a roundup of the most important SEC enforcement developments for busy in-house lawyers and compliance professionals. This month, we examine: • Recent SEC activity pursuing alleged fraud in the...more

Baker Botts L.L.P.

Second Circuit Clarifies Scope of Insider Trading Liability

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Earlier this month, the U.S. Court of Appeals for the Second Circuit, arguably the most influential court in the country for federal securities law matters, issued an important decision regarding the scope of insider trading...more

A&O Shearman

Second Circuit Affirms Dismissal of Putative Class Actions Premised on Alleged Insider Trading Activity Surrounding Hedge Fund’s...

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On September 16, 2025, the United States Court of Appeals for the Second Circuit affirmed the dismissal of seven coordinated putative class actions asserting insider trading claims under the Securities Exchange Act of 1934...more

Foley & Lardner LLP

Insider Trading Likely a Continued Focus for SEC Enforcement

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With last year’s change in administration, the appointment of Securities and Exchange Commission (SEC or the “Agency” or “Commission”) Chairman Paul Atkins, and Judge Ryan being named as enforcement director, there is much...more

Morrison & Foerster LLP

Top 5 SEC Enforcement Developments for July 2025

Each month, we publish a roundup of the most important SEC enforcement developments for busy in-house lawyers and compliance professionals. This month, we examine the following matters: • An SEC complaint alleging a Georgia...more

Snell & Wilmer

SEC Enforcement Activity in the Second Quarter of 2025: The Start of the Back-to-Basics Atkins Era

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Paul Atkins was sworn in as SEC (Securities and Exchange Commission) Chairman on April 21, 2025. In a staff town hall meeting on May 6, 2025 he articulated a statement of purpose for the Enforcement program: “Investor...more

BCLP

Proceed at Your Own Risk: Steps to Protect Confidential Information and Public Disclosures

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Public companies regularly face challenges in protecting confidential information relating to material announcements of corporate developments as well as financial results and other events. For example, recently, the U.S....more

Bradley Arant Boult Cummings LLP

SEC Enforcement in the Second Quarter of 2025

In May 2025, we summarized the U.S. Securities and Exchange Commission’s (SEC) Division of Enforcement activity during the first quarter of the new presidential administration. With the second quarter now concluded, and Paul...more

Akerman LLP

First-Ever Prosecution for Sales Under Rule 10b5-1 Trading Plan

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Executive Sentenced to 42 Months in Prison - Company insiders rely upon Rule 10b5-1 trading plans to sell stock pursuant to predetermined trades, allowing them to later trade securities even though they may be in...more

Troutman Pepper Locke

Conviction in Insider Trading Case Brings New Attention to 10b5-1 Plans

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On June 23, the U.S. Department of Justice announced that Terren Scott Peizer, founder of Ontrak Inc., a Miami-based publicly traded health care company, has been sentenced to three and one half years in prison by a...more

Nutter McClennen & Fish LLP

Nutter Securities Enforcement Update: June 1, 2025

The Nutter Securities Enforcement Update is a periodic update of noteworthy recent securities enforcement activity, settlements, decisions, and charges. We provide brief summaries that highlight recent enforcement action...more

Womble Bond Dickinson

Enforcement Priorities and Policy Changes Detailed at SEC Speaks Conference

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The U.S. Securities and Exchange Commission held its annual SEC Speaks conference on May 19 and 20, 2025, in Washington, D.C. On the second day of the conference, the Staff of the Division of Enforcement hosted two panel...more

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