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SEC Shifts from Courts to Internal “Administrative Law Judges”


The SEC has recently suffered some losses at trial, and these have occurred almost entirely in insider trading cases. Is the shift from courts to administrative proceedings a response to these losses? . . . Perhaps the SEC is not ...

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The SEC as Prosecutor and Judge


A year after vowing to take more of its law-enforcement cases to trial, Securities and Exchange Commission officials now say the agency will increasingly bypass courts and juries by prosecuting wrongdoers in hearings before SEC administrative law judges, also known ...

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SEC commissioner attacks mild financial reforms as a “firing squad on capitalism”

SEC Commissioner Michael Piwowar speaks on "advancing and defending SEC's core mission" at the U.S. Chamber of Commerce in Washington

Set up by the Dodd-Frank financial reform act of 2010, the Financial Stability Oversight Council (FSOC) is a coordinating body of various financial regulators charged with monitoring large, “systemically important” financial institutions and identifying potential risks arising from them. It has ...

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An Unforgettable year for the SEC


If 2013 was a tough year in the courtroom for the U.S. Securities and Exchange Commission, 2014 is not shaping up to be much better. In October the SEC lost a high-profile insider trading case against billionaire Mark Cuban. In ...

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S.E.C.’s Losing Streak in Court Puts Agency in Spotlight

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Every litigator says that trials are messy affairs because no one can predict how they will play out. After a string of recent unfavorable verdicts in fraud cases, the Securities and Exchange Commission may, too, be concerned with that trend. ...

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SEC Sick of of Disagreeable Juries – Seeks Deals to Avoid Them


After a high-profile setback involving a certain outspoken NBA owner (not that one), the SEC thought it had figured out how to get a jury to see things its way. Did one not just find that a Texas septuagenarian was every bit the conniving ...

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SEC Losing Streak Continues in Los Angeles Fraud Case


 U.S. District Judge of the Central District of California Manuel L. Real   Racking up its third courtroom loss in recent weeks, the U.S. Securities and Exchange Commission struck out across the board in an accounting fraud case against two ...

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