Top News

Morgan Stanley settles after allegations it failed to protect customer information

Mark Iandolo Jun. 16, 2016, 10:15am

NEW YORK (Legal Newsline) – Morgan Stanley Smith Barney LLC will pay $1 million to settle allegations it failed to protect customer information, the Securities and Exchange Commission (SEC) announced.

SEC announces $17 million whistle-blower award

Mark Iandolo Jun. 15, 2016, 3:28pm

WASHINGTON (Legal Newsline) – The Securities and Exchange Commission (SEC) announced that it has awarded a $17 million whistle-blower award to a former company employee that significantly helped an SEC case.

SEC announces deal with two California-based municipal advisory firms

Mark Iandolo Jun. 14, 2016, 8:03pm

SAN FRANCISCO (Legal Newsline) – The Securities and Exchange Commission (SEC) announced that School Business Consulting Inc. and Keygent LLC will settle allegations of using deceptive practices when soliciting business from five California school districts.

SEC announces settlement with consultant charged with insider trading

Mark Iandolo Jun. 14, 2016, 7:57pm

SAN JOSE, Calif. (Legal Newsline) – Guolin Ma, a former consultant to two China-based private equity firms, will pay more than $756,000 to settle allegations of insider trading, the Securities and Exchange Commission (SEC) announced.

Rising shareholder class actions an 'important issue'

Carrie Salls May 25, 2016, 9:34am

LOS ANGELES (Legal Newsline) – With a Cornerstone Research report recently revealing that the number of accounting securities class action lawsuits went up again in 2015, Dorsey & Whitney LLP partner Thomas O. Gorman told Legal Newsline that “firms would be well advised to carefully evaluate their compliance programs and internal controls to ensure they are effective.”

Investors file second class action against law firm for alleged role in Stanford Ponzi scheme

Jessica Karmasek May 6, 2016, 11:14am

The named plaintiffs in the instant lawsuit, filed in a Texas federal court last week, contend the law firm and a former partner helped Robert Allen Stanford conceal the scheme from government regulators. A similar lawsuit was dismissed by the U.S. Court of Appeals for the Fifth Circuit in March.