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SEC Rains on “Golf Buddies” Insider Trading Ring

A round of golf is the perfect opportunity to converse with friends. But as a group of amateur golfers recently discovered, offering a fellow player an insightful tip on his swing may cost you the round, but offering a fellow player an insider tip on a stock may cost much more. On July 11, 2014, […]

Financial Advisors Warned about Alternative Investment Due Diligence

Financial advisors were recently warned by the SEC’s Office of Compliance Inspections and Examinations (OCIE) in its latest risk alert to take care when providing advice to clients about putting their assets in alternative investment products. With alternative investment funds, including hedge funds, private equity funds, and funds of private funds, continuing to attract interest […]

“Too Big to Jail?” Don’t Count on a DPA

After the criminal prosecution of Arthur Andersen in 2002, which decimated the storied accounting firm, the Justice Department seemed to shelve its indictment power in favor of deferred prosecutions—at least, where large companies were concerned. The reasoning was simple. A criminal indictment, or a guilty plea, would spell the end for a bank or a […]