This Week In Securities Litigation (Week of June 9, 2025) The Commission filed two new cases last week. In addition, Chair Atkins testified before the Senate Appropriations Subcommittee on Financial Services and General Government. One of the points in his
Thomas O. Gorman
Tom has defended public companies and individuals in regulatory actions involving insider trading, market manipulation, financial fraud, corporate governance matters, accounting and auditing issues, FCPA issues, and similar matters. He has also defended securities class action and derivative suits and led teams conducting internal investigations focused on financial fraud and other securities law issues. He regularly speaks on, and publishes articles regarding, securities litigation issues including the FCPA, internal investigations, financial fraud and insider trading. He has been interviewed on these issues by the New York Times, Wall Street Journal, Washington Post, Financial Times, and other leading publications in addition to appearing on CNBC, CNN, and other TV networks. Tom publishes a widely-read securities blog, www.secactions.com, which analyzes trends in securities enforcement inquiries and litigation, and provides expert commentary for the LEXIS Securities web page. He serves as a member of the editorial board of the Securities Regulation Law Journal.
Latest from Thomas O. Gorman - Page 2
Adviser Overcharges Clients
<p>Investment advisers registered with either the Commission or a state agency have a special relation with their clients. This is illustrated by the fact that under the federal securities laws they have not just a close relation but more –…
The Future Path of the Commission?
Mission: Chair Atkins began by declaring that “it is a new day at the SEC . . .” (emphasis original). That new day will focus on what he identified as the agency mission: 1) protecting investors; 2) capital formation and…
This Week In Securities Litigation (Week of June 2, 2025)
The Commission continued to dismiss previously filed enforcement action by stipulation with those involved last week. As with the early dismissals, no explanation was offered beyond the factually unsupported claim that the agency believes the resolution is appropriate. The sole…
Adviser Targets Clients
While the Commission continues to dismiss cases with prejudice without specifying the reasons, the agency is also filing new and settled cases in traditional areas. One of those areas is targeted offering frauds. Those typically focus on a specific group…
This Week In Securities Litigation (Week of May 26, 2025)
Last week the Commission filed four new enforcement actions. Four other cases were dismissed with prejudice. The papers did not offer an explanation for the dismissal. Be careful, be safe this week. SEC Enforcement – Filed and Settled Actions Statistics:…
Investor’s Funds Expended for Personal Items, Not on Company
Convincing investors to purchase a product based on misrepresentations is a traditional focus for the Commission’s enforcement division. In some of its cases the misrepresentations, while material, are straight forward. In others they are more complex. And, in some they…
Another Offering Fraud Action
Offering frauds are a longtime staple of the Commission’s enforcement division. These cases typically involve the originator of the scheme and his or her wholly owned entity that issues the securities. In many instances others are brought in to help…
This Week In Securities Litigation (Week of May 19, 2025)
The Commission filed one new administrative action last week. Other regulators published market advice on select topics to assist the markets and investors while streamlining key topics involved in in securities transactions. Be careful, be safe this week. Commission Remarks,…
Will the Commission Make the U.S. a “Crypto Capital” ?
In remarks delivered at the Crypto Task Force Roundtable on May 12, SEC Chair Paul Atkins may have launched a new day for crypto and the Commission (here). Chair Atkins appears to be focused on what he calls a goal…