Last week the Commission filed three new actions: One centered on Regulation BI, a second was based on an offering fraud and a third tied to disclosure issues. The staff also published its annual report on Nationally Recognized Statistical Rating
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
Trends in SEC Enforcement – 4Q23: Part IV, Conclusion
This is the concluding segment of a four part series analyzing trends in SEC Enforcement during 2023. Part I of this series focused on the number of cases filed during the quarter and the largest categories of cases. Part II…
Trends in SEC Enforcement – 4Q23: Part III
This is the third part of a four of a four part series focused on trends in SEC Enforcement during the fourth quarter of 2023. The first part discussed metrics such as the number of cases filed during the period…
This Week In Securities Litigation (Week of February 12, 2024)
Last week the Commission filed a series of actions tied to the manner in which market professionals keep records. Those cases were resolved with admission to the underling charges and financial remedies. In addition, actions were filed based on an…
Trends in SEC Enforcement – 4Q23: Part II
This is Part II of a four-part series analyzing trends in SEC Enforcement during the fourth quarter of 2023. Part I, published earlier this week, noted that during the quarter SEC Enforcement filed 43 new enforcement actions. The three largest…
Trends in SEC Enforcement – 4Q23: Part I
Introduction Understanding the trend of SEC enforcement is an important consideration for virtually any business. From public companies, whose shares are registered with the agency and whose reports are on file with it, to market professionals such as brokers,…
This Week In Securities Litigation (Week of February 5, 2024)
The Commission prevailed on a partial summary judgment motion in a financial fraud action. The case centered on recognizing revenue in software transactions. The agency also filed two new enforcement actions. Each involved crypto assets. Be careful, be safe this…
Crypto/Cyber /Fraud Collapses After Raising $1.7 Billion
Promoters engaged in offering frauds often use the language of popular investment products such as crypto assets to give the scheme they are selling an attractive sound or look. That image was then coupled with promises of quick profits…
This Week In Securities Litigation (Week of January 29, 2024)
Last week the Commission filed four new actions. One centered on a misappropriation claim involving an investment adviser, two were tied to false statements allegations while the fourth was a new case involved misstatements by an adviser. The agency also…
Lender to Penny Stock Issuers Charged as Unregistered Dealer
Aryeh Goldstein thought he had found the holy grail. After forming Adar Bays, LLC in 2014 and later Adar Alef, LLC in 2018, business was lending money to penny stock companies. Those issuers were small with a stock price…