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SEC Bickering Stalls Mary Jo White’s Agenda


Pledge to ‘expeditiously’ finalize postcrisis rules thwarted by quarrelling among members Mary Jo White took the helm of the Securities and Exchange Commission vowing to “expeditiously” finalize its mountain of postcrisis rules. Two years later, that pledge has been thwarted by ...

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Wherefore art thou due process? SEC administrative hearings under attack

Due Process.5th Amendment.14th Amendment.Constitution

The SEC has of late come under attack in the courts and congressional hearings for the “Kafkaesque” nature of its administrative hearings. Specifically, critics argue that the administrative hearings deprive defendants of the due process protections afforded by the U.S. ...

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FEC chair all but giving up hope to rein in money abuses


WASHINGTON (AP) — The chairwoman of the Federal Election Commission says she’s largely given up hope of reining in abuses in raising and spending money in the 2016 presidential campaign and calls the agency she oversees “worse than dysfunctional.” In ...

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SEC to release more guidance on how it grants regulatory waivers


(Reuters) – U.S. securities regulators will release new guidance on how they decide whether a company should retain leeway in raising capital, after criticism that such waivers are too often rubber-stamped for banks that have broken the law. Elizabeth Murphy, ...

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Critics claim SEC acting as judge, jury in deciding its cases


Jan 10th 2015 When it comes to winning at home, nobody can beat the U.S. Securities and Exchange Commission’s record. The agency, which last year filed a complaint against Laurie Bebo, the ousted chief executive at Assisted Living Concepts Inc., ...

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Law enforcement bliss: the SEC as policeman, Judge and jury


Nov 7th 2014 New York’s Southern District Court Judge Jed Rakoff is always worth listening to. He expresses trenchant views about the rule of law elegantly and politely. He is fearlessly independent. Prosecutors in the US, who are normally prone ...

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Should the SEC be prosecutor, judge, jury, and executioner?


Oct 21st Wall Street Journal , The Securities and Exchange Commission is increasingly steering cases to hearings in front of the agency’s appointed administrative judges, who found in its favor in every verdict for the 12 months through September, rather ...

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U.S. District Court Describes the SEC’s Evidence as ‘Overreaching’ and ‘Self‐Serving’


U.S. District Court Rules against the SEC in an Insider Trading Case, Describing the SEC’s Evidence as ‘Overreaching’ and ‘Self‐Serving’ The U.S. Securities and Exchange Commission (SEC) lost an insider trading case last week in federal court in the Northern ...

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The SEC loses, again


The SEC’s losing streak in high profile insider trading cases continues. Last week, a federal jury in Santa Ana, California, cleared Manouchehr Moshayedi of insider trading. Mr. Moshayedi is the founder of STEC Inc., a company that makes computer storage ...

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Judge rules oil and gas venture are NOT Securities


The oil and gas joint-ventures marketed by a Colorado Springs company — in which investors lost million of dollars — were legal investments, according to a  2013 Denver District Court ruling. The Colorado Securities Commission sued HEI Resources Inc. and ...

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