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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedIn2021 SEC Regulation Outside the United States – Scott Friestad Memorial Keynote Address
Although the focus of the Enforcement Division may change and evolve over time depending on issues facing and of importance to investors, companies, and the economy as a whole, or in response to new and emerging technologies and investment products, we will continue to apply long-standing, well-known and understood regulations and standards that govern the […]
SEC Appoints New Chairperson and Board Members to the Public Company Accounting Oversight Board
The Securities and Exchange Commission today announced the appointments of Erica Y. Williams as Chairperson and Christina Ho, Kara M. Stein, and Anthony (Tony) C. Thompson as Board members of the Public Company Accounting Oversight Board (PCAOB). Duane DesParte will continue his service as a Board member and will remain Acting Chairperson until Ms. Williams […]
Nicole Creola Kelly Named Chief of SEC Whistleblower Office
The Securities and Exchange Commission today announced the appointment of Nicole Creola Kelly as Chief of the SEC’s Office of the Whistleblower. Ms. Kelly, who goes by Cree, is currently Senior Special Counsel in the Office of the General Counsel and has more than 20 years of experience with the SEC. Among her other roles […]
SEC Chair Warns of Enforcement “Without Quarter” | Cadwalader Cabinet
In remarks before the Securities Enforcement Forum, SEC Chair Gary Gensler echoed first SEC Chair Joseph Kennedy’s assertion that the SEC “will make war without quarter on any who sell securities by fraud or misrepresentation.” Mr. Gensler outlined several principles that he shared with the Division of Enforcement to guide its assessments of misconduct under […]
SEC cyber chief warns the agency is ‘very focused’ on policing crypto exchanges – MarketWatch
“The bottom line is that this is an area that is just crying out for clarity and further guidance from the staff or the commission,” said Michael Liftik, a partner at the law firm Quinn Emanuel. “If you look at across the activity from the SEC, it is…mostly enforcement-driven, and so a lot of time […]
SEC to ‘dig deeper’ in cybersecurity enforcement | CFO Dive
The SEC Enforcement Division’s Cyber Unit “will continue to dig deeper into the area of cybersecurity-related disclosures and disclosure controls and internal controls,” Ablaev, a member of the Cyber Unit, said Thursday at Securities Enforcement Forum 2021. “You’ll be seeing more of the actions that we’ve been bringing fairly recently.” When sanctioning companies for failures […]
SEC Chair Gary Gensler: Prepared Remarks At the Securities Enforcement Forum
Before I close, I’d like to address the audience directly — those of you who are lawyers, auditors, accountants, bankers, and investment advisers. You all play an important role in our capital markets. Market participants rely on you for advice and counsel on a daily basis. Within our securities laws, you are entrusted with certain […]
Gensler: SEC Will Pursue Misconduct Everywhere Including Matters That Don’t Make Headlines
Speaking to the Securities Enforcement Forum Gensler told the corporate executives in the audience: “If you’re asking a lawyer, accountant, or adviser if something is over the line, maybe it’s time to step back from the line.” He told the lawyers, auditors, accountants, bankers, and investment advisers in attendance they can often be the first […]
Samson Enzer, Former SDNY Securities Fraud Prosecutor, Joins Cahill’s Securities Litigation & White Collar Defense Practice
Cahill Gordon & Reindel LLP is pleased to announce that Samson “Sam” Enzer, most recently an Assistant United States Attorney in the United States Attorney’s Office for the Southern District of New York and a senior member of the SDNY Securities and Commodities Fraud Task Force, has joined the firm as Counsel in its Securities […]
Justice Department Vows Tougher Action Against White-Collar Crime – WSJ
Deputy Attorney General Lisa Monaco on Thursday said prosecutors would consider all prior wrongdoing by corporations when deciding how to resolve a new investigation. Previously, prosecutors were allowed to only review cases whose facts were similar to the claims in the latest probe. Corporations also won’t qualify for leniency programs unless they provide information on […]