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Prosecution Rises: Cryptocurrency Gatekeepers and Individual Owners
July 8th, 2022
The popularity of cryptocurrency has been on the rise, and given its recent dramatic decline in value, the federal government is poised to step up its regulation and enforcement of criminal laws targeting its illegal use. The Biden administration has…
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SEC Prioritizes Insider Trading Enforcement
May 16th, 2022
If 2021 is any indication, insider trading will remain a key enforcement area for the Securities and Exchange Commission (SEC) in 2022. While the total number of insider trading actions brought last year has declined, the actions that have been broug…
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Categories: Securities
Choosing the Best Criminal Defense Lawyer
February 1st, 2022
It is important to know whether the person you choose will actually be handling your case at all stages of the proceedings. If a criminal case is in federal court, it is essential to have a lawyer who practices there regularly.
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Liu Limits SEC's Ability to Seek Disgorgement in Federal Securities Cases
August 24th, 2021
In 2016, the SEC charged Charles Liu and Xin Wang with defrauding Chinese investors in a project that the couple falsely claimed met the requirements of the EB-5 Investment Program, which is subject to federal securities laws. Fifty investors paid ne…
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Categories: Securities
Lorenzo v. SEC: Rule 10(b)(5) of the Securities Exchange Act
May 19th, 2021
In March of 2019, the U.S. Supreme Court decided Lorenzo v. SEC, deciding that someone who is not a “maker” of a false statement can nonetheless be held liable under Rule 10(b) of the Exchange Act for knowingly disseminating a misstatement made b…
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Categories: Securities
What to Expect in a Federal Criminal Case
February 18th, 2021
Facing criminal charges in federal court is intimidating and scary. Any criminal case, and a federal criminal case, in particular, is complicated. It can be helpful and reassuring to understand how a criminal case works, and what to expect. If you be…
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Second Circuit Update on Insider Trading Cases
January 29th, 2021
On January 11, 2021, the U.S. Supreme Court vacated a Second Circuit decision that had affirmed four convictions for insider trading. The Supreme Court recommended that the lower court reconsider its finding that confidential government information c…
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An Analysis: SEC 2020 Financial Fraud Actions
December 7th, 2020
On September 30, 2020, the Securities and Exchange Commission (SEC) closed its books on FY2020 and, on November 2, released its 2020 Annual Report. Analysts have begun reviewing SEC enforcement actions to reach conclusions about the types of financia…
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2019 – WHITE COLLAR CASES REVIEWED
January 16th, 2020
FEDERAL HEALTH CARE FRAUD – “Pill Mills,” Medicare “Anti-Kickback” Frauds This year, the U.S. Department of Justice brought charges against numerous doctors and health care professionals alleging illegal distribution of millions of opioids…
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U.S. Supreme Court Holds No Pecuniary Benefit Necessary for Criminal Liability for Insider Trading
December 7th, 2016
Today, the U.S. Supreme Court upheld the conviction of Balman, a Chicago grocery wholesaler, who received stock tips from a friend, who had received the inside information from Salman’s brother-in-law, an investment banker at Citigroup. The issue b…
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