Browsing: Compliance

GAO Report Supports Analyst Independence

01/18/2012
The U.S. Government Accountability Office (GAO) issued a report last week recommending potential improvements to regulation safeguarding analyst independence.  The GAO concluded that current regulation is effective, but that the ...

2011 Review – Compliance

01/09/2012
One year ago, who would have guessed how deeply litigation and regulation would impact independent research?  Not us.  We were predicting that inside information concerns would abate in ...

SEC Adopts New Tactics to Fight Fraud

01/03/2012
New York, NY – In 2011 it became clear that US federal authorities had started the widespread use of telephone wiretaps to investigate and prosecute insider trading among hedge funds, ...

Chinese Authorities Investigating Fraudulent Reports

12/27/2011
New York, NY – Silvercorp Metals, Inc., a Vancouver-based company with mining operations in China, has decided to fight back against accusations from short sellers of accounting fraud.  Last week, ...

Fleishman Gets 2.5 Years

12/22/2011
James Fleishman, a former salesman for Primary Global Research (PGR), was sentenced yesterday to two and a half years in prison.   Separately, Dr. Yves Benhamou, a liver specialist who pleaded ...

Insider Trading Rules Might Apply to All – Including Congress

12/08/2011
New York – As a bill regulating insider trading by congressional members gains momentum after five years of lingering in Congress, SEC director Robert Khuzami warned about the need to ...

Wither Expert Networks?

12/06/2011
We were surprised recently to hear of three new expert networks.  Who would be foolhardy enough to start an expert network?  Shouldn’t the expert network industry be shrinking not expanding? ...

Insider Trading Charges Likely to Grow

12/05/2011
New York, NY – One year ago, U.S. federal authorities announced that its insider trading investigation, which had previously bagged Galleon Group co-founder Raj Rajaratnam, had expanded to buy-side analysts, ...

Fixed Income Insider Trading

11/29/2011
As we discussed yesterday, insider trading laws and enforcement actions are not confined to equity markets.  Although not widely recognized, there is precedent for both criminal and civil insider trading ...

Longoria Sentenced

11/16/2011
The SEC announced yesterday that it had obtained a final judgement on Anthony Longoria, a former expert affiliated with Primary Global Research, which requires him to pay $197,000 in fines ...
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