Business Crimes Hotline
April 02, 2017
On March 3, Stanley Jonathan Fortenberry was sentenced to 78 months in prison for operating fraudulent investment companies and obstructing a Securities and Exchange Commission (SEC) investigation. Here's an analysis of the case.
SEC Takes Aim at Political Contributions by Investment Advisers
April 01, 2017
While it remains unclear both when the regulators will invoke their authority to enforce the nearly limitless strict liability provision of the rules and how they will determine the appropriate remedy, the recent settlements and the SEC's handling of exemptive relief petitions may provide some clues.
The Clock Is Ticking
March 02, 2017
In the aftermath of the financial crisis, government regulatory agencies, such as the SEC, have aggressively pursued civil enforcement actions to combat financial fraud. However, their efforts to extend their ability to seek monetary penalties and fines outside of relevant limitations periods have been recently rebuffed by the courts.
The Battle over the Scope of Rule 17(c) Subpoenas
March 02, 2017
Before considering the competing, less restrictive, interpretation of Rule 17(c), we briefly pause to explain how we got here. The restrictive interpretation of Rule 17(c) has its genesis in two Supreme Court decisions.
In the Courts
March 02, 2017
The Fifth Circuit recently clarified the Anti-Kickback Act. Here's an analysis of the ruling.
Business Crimes Hotline
March 02, 2017
Update on the DOJ's collection of billions in enforcement actions from Volkswagen and Rolls Royce.
Third-Party Money Launderers
March 01, 2017
Each year, the U.S. government secures more than 1,200 money-laundering convictions. Now, the Federal Bureau of Investigation (FBI), at least, is setting its sights with renewed vigor on those who help criminal organizations and terrorists conceal billions in illicit funds.
