by Wiggin and Dana LLP | Sep 15, 2019
The Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”) creates enormous financial incentives for employees and others to report potential corporate wrongdoing directly to the SEC or the Commodities Futures Trading Commission...
by Wiggin and Dana LLP | Sep 15, 2019
Introduction Companies rely heavily on third parties for promoting the sale of new issues of securities. These companies, which are typically startups or early stage companies, frequently lack the resources or contacts necessary to locate investors. Brokerage firms...
by Wiggin and Dana LLP | Sep 15, 2019
On February 6, 2007, the Delaware Court of Chancery issued two decisions in derivative securities lawsuits that could significantly impact future options backdating and spring-loading litigation. That includes not just private suits, but SEC and criminal enforcement...
by Wiggin and Dana LLP | Sep 15, 2019
Staff members from the SEC’s Office of Compliance, Inspections and Examinations (OCIE) in Washington and the Philadelphia District Office spoke recently on the topic of Investment Adviser and Investment Company Regulation at a program sponsored by the...
by Wiggin and Dana LLP | Sep 15, 2019
Every compliance officer is charged with a single, but at times, daunting task: to keep his or her firm out of trouble. Millions of dollars are spent each year by securities firms to achieve this goal in the form of staff salaries, training and testing. Millions more...
