New “Special Study” of the Securities Market by Columbia Law and Business Schools

Columbia University Law and Business Schools announced that they will jointly carry out a new “Special Study” of the U.S. securities markets under a grant from the NASDAQ Educational Foundation.  The prior “Special Study” was published in 1963, and resulted in a number of significant changes in securities regulation, so there is some interest in... Read more »

Giancarlo Suggests Overhaul of CFTC

President Trump’s nominee for the permanent head of the Commodity Futures Trading Commission (the “CFTC”), J. Christopher Giancarlo, is a Republican and acting head  of the CFTC.  In a well-received and widely reported speech yesterday to an industry conference, Mr. Giancarlo said he would fix the “flawed” swaps trading rules.  He also pledged to streamline the CFTC... Read more »

Federal Jury in California Awards Over $8 Million to General Counsel Whistleblower

Whistleblowers may take heed of a February 2017 jury award to a General Counsel, who had been in his position for 25 years, of $3 million in back wages (which is doubled under the Dodd-Frank Act) and $5 million in punitive damages, for a total of nearly $11 million.  The case pitted Sanford Wadler against Bio-Rad Laboratories Inc.,... Read more »

UK FCA and PRA Amend Enforcement Procedures

In February 2017, the UK Financial Conduct Authority (the “FCA”) and the Prudential Regulation Authority issued a joint policy statement (the “Statement”) regarding enforcement, following up on their April 2016 consultation paper.  The Statement announces changes to the Decision Procedure and Penalties Manual (the “DEPP”) and the Enforcement Guide (the “EG”).  While there are a... Read more »


Public Securities Offerings/IPOs (1)