Found the info... S.E.C. Vows More Use of a L
Post# of 43066
Posted On: 07/12/2014 10:15:07 PM
Found the info...
S.E.C. Vows More Use of a Little-Used Tool
By PETER J. HENNING DealBook
New York Times
May 27, 2014 12:43 pm
http://dealbook.nytimes.com/2014/05/27/s-e-c-..._r=1&;;
It is rare that the Securities and Exchange Commission announces a new approach to pursuing violations. Mary Jo White, the agency’s chairwoman, did just that last week when she pointed to a seldom-used provision of the federal securities laws that the S.E.C. will employ against people who use others to do their bidding.
In a speech at a white-collar crime conference sponsored by the New York City Bar Association, Ms. White said that “One new approach to charging individuals is to use Section 20(b) of the Exchange Act,” which she said can be “potentially a very powerful tool” for pursuing violations. Before discussing the provision, she kindly told her audience filled with defense lawyers that “before you start reaching for your smartphones to look it up, let me save you the trouble” by describing the provision for them.
[ 15 U.S. Code § 78t - Liability of controlling persons and persons who aid and abet violations http://www.law.cornell.edu/uscode/text/15/78t ]
>>>>>>>>>>>>>>>>>>> also interesting....
CHICAGO, IL, May 29, 2014 (Marketwired via COMTEX) -- A lIP awsuit has been filed under the Freedom of Information Act against the Securities and Exchange Commission (SEC) to obtain the agency's investigative files relating to more than a dozen aborted investigations and cases involving naked short selling. The complaint was filed on behalf of Mark Mitchell, an investigative journalist who publishes on www.deepcapture.com , a website that offers in-depth reports on the extent to which naked short selling pervades the US capital markets.
http://www.marketwatch.com/story/journalist-s...2014-05-29
S.E.C. Vows More Use of a Little-Used Tool
By PETER J. HENNING DealBook
New York Times
May 27, 2014 12:43 pm
http://dealbook.nytimes.com/2014/05/27/s-e-c-..._r=1&;;
It is rare that the Securities and Exchange Commission announces a new approach to pursuing violations. Mary Jo White, the agency’s chairwoman, did just that last week when she pointed to a seldom-used provision of the federal securities laws that the S.E.C. will employ against people who use others to do their bidding.
In a speech at a white-collar crime conference sponsored by the New York City Bar Association, Ms. White said that “One new approach to charging individuals is to use Section 20(b) of the Exchange Act,” which she said can be “potentially a very powerful tool” for pursuing violations. Before discussing the provision, she kindly told her audience filled with defense lawyers that “before you start reaching for your smartphones to look it up, let me save you the trouble” by describing the provision for them.
[ 15 U.S. Code § 78t - Liability of controlling persons and persons who aid and abet violations http://www.law.cornell.edu/uscode/text/15/78t ]
>>>>>>>>>>>>>>>>>>> also interesting....
CHICAGO, IL, May 29, 2014 (Marketwired via COMTEX) -- A lIP awsuit has been filed under the Freedom of Information Act against the Securities and Exchange Commission (SEC) to obtain the agency's investigative files relating to more than a dozen aborted investigations and cases involving naked short selling. The complaint was filed on behalf of Mark Mitchell, an investigative journalist who publishes on www.deepcapture.com , a website that offers in-depth reports on the extent to which naked short selling pervades the US capital markets.
http://www.marketwatch.com/story/journalist-s...2014-05-29
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