Blog
Obama nominates Mary Jo White to lead SEC
January 24, 2013
Signaling the possibility of an aggressive new strategy for regulating Wall Street, President Obama today nominated Mary Jo White, a former U.S. Attorney for the Southern District of New York and high-profile prosecutor, to head up the Securities and Exchange Commission. Mr. Obama, in remarks announcing the nomination this afternoon, lauded White for her career […]
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Kenneth Dachman sentenced to 10 years and ordered to pay restitution
January 23, 2013
The Securities and Exchange Commission (SEC) announced that on January 17, 2013, in a criminal action brought by the U.S. Attorney’s Office for the Northern District of Illinois, the Honorable James B. Zagel in the Northern District of Illinois sentenced Kenneth A. Dachman (Dachman) to 120 months in prison on 11 counts of wire fraud […]
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SEC says no to Nasdaq request for indiviudal trading algorithms
January 15, 2013
The U.S. Securities and Exchange Commission rejected Nasdaq’s request to offer clients trading algorithms that would enable them to execute buy and sell orders according to predetermined guidelines. Nasdaq failed to specify in its proposal how it would ensure that orders generated under its plan would comply with rules requiring risk checks on buy and sell […]
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UBS Willow Fund investigation initiated
January 11, 2013
Last month, a class action lawsuit was filed on behalf of investors in the UBS Willow Fund. Investors are encouraged to explore all of their legal options, including whether they have potential claims against the investment adviser or broker dealer that recomended the purchase of the fund. The UBS Willow Fund is a private hedge […]
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Labor Secretary Solis to resign
January 10, 2013
Onetime Los Angeles-area congresswoman Hilda L. Solis is stepping down as President Obama’s secretary of Labor to return home, a move seen as a potential first step to a bid for the county Board of Supervisors. In a letter Wednesday to Labor Department employees, Solis, 55, said that after spending time with family over the holidays, […]
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