Archive for the ‘McCormick & O’Brien LLP’
Securties Litigation & Regulatory Report (April 18, 2010)
April 18, 2010 SEC Criticized For Inaction On Stanford The SEC suspected investment advisor Robert Allen Stanford of operating a Ponzi scheme as far back as 1997, but took no action to stop the fraud until nearly a decade later, according to an independent audit released on Friday. http://www.ft.com/cms/s/0/efecc51c-49a8-11df-9060-00144feab49a.html [...]
Securities Litigation & Regulatory Report (March 30, 2010)
Securities Litigation & Regulatory Report March 30, 2010 SEC Asks Financial Firms About Repurchase Agreements The SEC is looking into the use of repurchase agreements by about two dozen financial institutions. The agreements, dubbed “Repo 105,” involve the use of an accounting method that allowed Lehman Bros. to hide its leverage ratio. Read On. [...]
