January 12, 2015
by Brittany Felder
The US Supreme Court on Monday rejected an appeal by Rajat Gupta, the former Goldman Sachs director convicted of insider trading. This rejection leaves in place a lifetime ban on serving as an officer or director of a public company and stems from the civil case against Gupta by the Securities and ...[read more]
June 21, 2014
by Ann Schober
The Securities and Exchange Commission (SEC) on Friday filed a lawsuit in the US District Court for the Southern District of New York hoping to compel Congress to comply with subpoenas it received requesting information on an insider trading case the commission is investigating. The subpoenas ask ...[read more]
May 20, 2014
by Peter Snyder
Swiss bank Credit Suisse pleaded guilty Monday to a criminal charge for its role in helping Americans avoid taxes, according to a speech from US Attorney General Eric Holder. Credit Suisse will pay a $2.5 billion financial penalty to the Department of Justice (DOJ), the Internal Revenue Service ( ...[read more]
April 10, 2014
by Theresa Donovan
The US Securities and Exchange Commission (SEC) on Wednesday charged Hewlett-Packard (HP) with violating the Foreign Corrupt Practices Act (FCPA) by making improper payments to various government officials in order to obtain or keep contracts within certain countries. The US Department of Justice ( ...[read more]
November 11, 2013
by Elizabeth Imbarlina
JURIST Guest Columnist Enkelena Gjuka, St. John's University School of Law Class of 2014, is the author of the sixth article in a 10-part series from the staffers of the Journal of Civil Rights and Economic Development. Gjuka calls upon the Securities Exchange Commission and Congress to increase ...[read more]
August 14, 2013
by Theresa Donovan
A judge for the US District Court for the Southern District of Florida on Monday dismissed a lawsuit against the Securities Exchange Commission (SEC) regarding the agency's failure to report Allen Stanford and his Ponzi scheme. Judge Robert Scola stated that the SEC market regulator was shielded ...[read more]
August 9, 2013
by Julie Deisher-Edwards
JPMorgan Chase & Co. disclosed in its quarterly filing with the Securities and Exchange Commission on Wednesday that it is being investigated by both the civil and criminal divisions of the US Attorney's Office for the Eastern District of California (EDC) over sales of mortgage-backed ...[read more]
April 14, 2013
by Cynthia Miley
The Securities and Exchange Commission (SEC) on Thursday charged the former partner in charge of KPMG's Pacific Southwest audit practice, Scott London, with providing insider information to his friend Bryan Shaw about KPMG clients Herbalife, Skechers and Deckers Outdoor Corporation. The SEC ...[read more]
April 10, 2013
by Michael Haggerson
The US Court of Appeals for the Second Circuit on Wednesday affirmed the dismissal of a suit by victims of the Bernie Madoff Ponzi scheme against the US Securities and Exchange Commission (SEC). The Madoff victims had argued that the SEC was liable under the Federal Tort Claims Act (FCTA) for ...[read more]
March 26, 2013
by Julie Deisher-Edwards
Rengan Rajaratnam, younger brother to former Galleon Group hedge fund manager Raj Rajaratnam, on Monday pleaded not guilty to charges of conspiring with his brother to trade on non-public information concerning Clearwire Corporate and Advanced Micro Devices Incorporated in 2008. Rengan was ...[read more]

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