Director of SEC’s Division of Enforcement Comments On “broken Window” Philosophy

Director of SEC’s Division of Enforcement Comments On “broken Window” Philosophy

In a program held on September 15, 2014 sponsored by the Securities and Exchange Commission Historical Society on Current Issues in Broker-Dealer Enforcement, Andrew Ceresney, the Director of the SEC’s Division of Enforcement responded to questions concerning whether the Division was implementing a ‘broken window’ philosophy of enforcement.

SEC Enforcement Against Short Sellers Continues

By | Investment Fund Law Blog | September 16, 2014
SEC Enforcement Against Short Sellers Continues

On September 16, 2014, the Securities and Exchange Commission (“SEC”) announced the latest sanctions in a continuing enforcement initiative against certain hedge fund advisers and private equity firms that have participated in an offering of a stock after short selling it during a restricted period in contravention of SEC rules.

Deadlines Applicable to Colleges and Universities Approaching for Participation in SEC’s Continuing Disclosure Cooperation

Deadlines Applicable to Colleges and Universities Approaching for Participation in SEC’s Continuing Disclosure Cooperation

On March 10, 2014, the Securities and Exchange Commission (“SEC”) announced a voluntary self-reporting program for issuers and underwriters of municipal bonds for reporting of inaccurate statements made in offering documents regarding prior continuing disclosure compliance through a program called the Municipalities Continuing Disclosure Cooperation Initiative (the “MCDC initiative”).