January 13, 2012

SEC Announces Record Number of Enforcement Actions for Fiscal Year 2011

With significant publicity, as noted in this Sidley Austin alert, the SEC announced several weeks ago that it had filed the most enforcement actions in a single year in SEC history. For the fiscal year ending September 30th, the SEC stated it filed a record 735 enforcement actions – a 9% increase from 2010 – with more than $2.8 billion in penalties and disgorgement ordered. As noted in the Pepper Hamilton alert, Enforcement Director Khuzami recently gave remarks which indicate that this number will go even higher this year…

Hands down. The best video featuring a dog (he’s hip, man!) ever…

Unconstitutional! Canada’s Highest Court Strikes Down Proposed Federal Securities Regulator

This D&O Diary Blog entry from Kevin LaCroix says it all. Pretty wild…

More on “The Mentor Blog”

We continue to post new items daily on our blog – “The Mentor Blog” – for members. Members can sign up to get that blog pushed out to them via email whenever there is a new entry by simply inputting their email address on the left side of that blog. Here are some of the latest entries:

– Distortions In Baffling Financial Statements
– 2011 Spencer Stuart Board Index: Board Composition, Organization & Process and Director Comp
– ABA Declines to Embrace Majority Voting as Default Standard
– The Second Circuit Curbs ERISA “Stock Drop” Class Actions
– How to Conduct a Board & Director Evaluation

– Broc Romanek