White Collar Watch examines the next steps in the government’s insider trading case against a “circle of friends” that prosecutors say included a co-founder of the Level Global hedge fund.
In rejecting a proposed settlement with Spencer C. Barasch and requiring admissions in a small number of cases, the agency has taken two small steps toward burnishing its image as Wall Street’s top cop.
As the insider trading case against Rajat K. Gupta heads toward trial, the prosecution and the defense are each seeking to gain the upper hand.
The S.E.C. needs more than suspicious trading patterns to prove an insider trading case and must provide evidence that a trader acted on material nonpublic information.
At the precipice of 2012, White Collar Watch looks at some of the trends in criminal and civil enforcement cases that will continue in the next year.
The fraud charges filed by the Securities and Exchange Commission against six former executives of Fannie Mae and Freddie Mac created a big splash, but a number of questions remain.
White Collar Watch questions whether even tougher penalties for corporate crime would help to discourage it.
MF Global’s former chief executive, Jon S. Corzine, was gingerly questioned by the House Agriculture Committee for almost three hours on Thursday, in the end saying little enlightening about the firm’s collapse or missing customer money.
If the former chief executive of MF Global does not invoke his Fifth Amendment right before the House Agriculture Committee, there will be many issues worth discussing.
Mary L. Schapiro, the S.E.C. chairwoman, wants her agency to be able to seek higher penalties in administrative proceedings, a move that may allow it to avoid having to pursue its cases in federal courts.
As he did with Bank of America, Judge Jed S. Rakoff wants Citigroup to take more responsibility for the “truth” of its wrongdoing in its settlement with the S.E.C.
Jon S. Corzine, the firm’s former chief, has been asked to appear at two Congressional hearings. Meanwhile, the appointment of Louis J. Freeh, the former F.B.I. director, as an MF Global trustee may open up more information.
White Collar Watch examines proposals to tighten up restrictions on securities trading based on information gleaned from Capitol Hill.
The collapse of MF Global, brought on by its exposure to $6.3 billion of European sovereign debt, shows how easy it is to obscure risky investments and the pitfalls that occur when those problems surface.
Jon S. Corzine and other executives from MF Global will have to decide whether to talk early in the investigation of the firm’s collapse or wait until later when the legal issues are clearer.