“The SEC has become “an agency that polices the broken windows on the street level and rarely goes to the penthouse floors,””
James Kidney, a lawyer who worked at the SEC for 18 years.
“[A]ccording to the SEC, over the last three years it has filed more insider trading enforcement actions than in any other three-year period in its history.”
Attorneys at King & Spalding on why public companies should periodically reevaluate and revise their insider trading policies. (via jdsupra-law-news)
“One of the hottest SEC rulemaking topics over the past two years—disclosure of corporate political spending—quietly took a significant hit a few weeks ago when the SEC removed it from its rulemaking agenda.”
Attorney R. Douglas Harmon of Parker Poe on the SEC’s recent abandon of efforts to require corporations to disclose political spending. (via jdsupra-law-news)
“Lawyers blowing the whistle on issuer clients might be “rewarded” with state bar investigations for possible breaches of their duty of confidentiality”
Attorneys Jenny Allen, Eric Swibel, and Lawrence West of Latham & Watkins: Will Award-Seeking Whistleblower Lawyers Be Caught Between Conflicting SEC and State Ethics Rules? (via jdsupra-law-news)