According to the Los Angeles Times, Robert Khuzami, the Securities and Exchange Commission's (SEC) director of enforcement, has initiated a new whistle-blower program to attempt to catch fraudsters in the act. This program hopes to stop the fraudster before they have caused too much damage and to at ...

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Ponzi schemes were once thought to be difficult to detect. in the wake of the market crisis and huge frauds such as Madoff, however, these cases seem to have become a staple of SEC enforcement. Last year the Commission brought over one hundred of these cases. Frequently there were parallel crimin ...

Attorneys giving political donations to drive business with government officials the new qui pro quo? We often look to government officials to resolve problems that plague our society - from developing Swine Flu vaccinations to providing legal council in the Bernie Madoff case.  But wh ...

I've just posted a paper on SSRN: ;Pay for Banker Performance: ;Structuring Executive Compensation for Risk Regulation. ;The basic idea is to include banks' public subordinated debt securities in bankers' pay packages in order to curb excessive risk taking.Here's the abstract: Excessive risk t ...

Pomerantz Haudek Grossman & Gross LLP, one of the oldest and most respected law firms in the United States dedicated to representing investors, is investigating claims on behalf of Koss Corporation investors. The investigation is focusing on violations of state laws and possible breaches of f ...

Financial reform efforts continued on capital hill this week with testimony about the so-called Volker Rule which some call Glass Steagall lite. SEC Chairman Mary Schapiro met with her counter parts at the FSA in London to discuss coordination on topics such as rating agencies and hedge funds. The ...

Washington, D.C. law firm Tycko & Zavareei has filed a class action suit against Cincinnati-based Fifth Third Bank, alleging predatory overdraft fee practices. The suit charges that Fifth Third manipulates customer debit transactions by posting them to customer accounts in the order of largest a ...

By way of White Collar Crime Prof Blog, I recently read an account of a sentencing of a securities dealer who received a relatively light sentence (five years’ imprisonment) for fraudulently marketing auction-rate securities, but who was blasted by Judge Jack Weinstein for, among other thing ...

A federal judge Tuesday threw out securities-fraud claims the SEC brought against Cohmad Securities, a brokerage firm that worked closely with Bernie Madoff.