Securities Regulation
Judge Rakoff Wants Someone to Pay For the Financial Meltdown
At a meeting of New York City securities lawyers last week, Jed Rakoff did what he does best: challenge Establishment Thinking. "While the economy has slowly improved, there are still millions of ...
Supreme Court to Hear Halliburton Securities Class Action
The U.S. Supreme Court, which in recent years has ruled for business in a string of high-profile cases, agreed on Friday to hear a case that could herald a dramatic decline in securities class action ...
Judge Rakoff Hits Failure of U.S. to Prosecute Wall Street Executives for Fraud
The federal judge who oversaw the recent civil fraud trial against Bank of America Corp. criticized the U.S. Department of Justice on Tuesday for failing to prosecute high-level executives over the ...
U.S. Authorities Probing NY SEC Staff Investments
Federal prosecutors and the office of the inspector general of the U.S. Securities and Exchange Commission have contacted some employees in the SEC's New York office in a probe of possibly improper ...
SEC’s Gallagher Slams Effort to Adopt Political Disclosure Rules
The U.S. Securities and Exchange Commission should not waste time drafting rules to force companies to disclose information like campaign contributions or government payments for energy projects, a ...
SEC Relying on Firms Strengthening Internal Compliance Programs
The U.S. Securities and Exchange Commission is calling on corporate executives and boards to strengthen internal compliance programs as funding constraints limit the agency's reach, SEC Chairman Mary ...
SEC Chief Concerned Investors Face ‘Information Overload’
U.S. securities regulators are reviewing whether public companies overwhelm investors with "information overload" and should instead streamline disclosures about financial data, executive pay and ...
Stanford Case Triggers Supreme Court Clash Over Securities Laws
The U.S. Supreme Court debated the reach of the federal securities laws, questioning whether investors can sue law firms and outside companies for their alleged roles in R. Allen Stanford's $7 ...