Last week insider trading was by far the largest group of cases filed by the Commission. The agency also filed two cases based on offering frauds and dismissed two more without explanation. Have a good week. Be careful, be safe.
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 4
Defendant Alleged to Have Illegally Tipped Evades Service for Years
Some defendants believe that they can avoid liability by refusing service and then ducking the delivery of the papers. Not so. The Commission has more than sufficient avenues to secure effective service of process on those who believe that if…
Adviser Defrauds Investors of Over $9 Million
When responding to a solicitation by a new adviser it is critical that the investor undertake a careful review of the person making the solicitation. This requires more than a casual conversation or simply listening to the would-be adviser talk…
This Week In Securities Litigation (Week of July 14, 2025)
The Commission filed three new cases last week. One centered on insider trading. The second involved an offering fraud. The third centered on the sale of unregistered shares. The agency also continued to dismiss actions without explanation. Have good week. …
A Penny Stock Scam Case with a Difference: Multiple CEOs from Earlier Scams
Penny stock scams have long been a target of the SEC’s Enforcement division. These cases frequently focus on the issuance of millions of shares of unregistered stock coupled with the concealment of the person who is actually behind the…
Commission Settles Sports Betting Scheme Action
Offering fraud actions are typically one of the largest groups of cases brought by the Commission as we have often noted. These cases are frequently centered on a scheme crafted and selected by those in charge of the offering to…
This Week In Securities Litigation (Week of July 7, 2025)
The Commission filed three new actions last week. One centered on an offering fraud while the t others focused on false statements. Be careful, be safe this week. SEC Enforcement – Filed and Settled Actions Statistics: Last week the…
Lies Equal $1Billion Loss For Investors
One of the key things many investors want to determine when trading is the risk of loss. This may be of particular concern when adopting a new trading strategy or one which carries outsized risk. There is always risk…
This Week In Securities Litigation (Week of June 30, 2025)
Last week the Commission filed three new enforcement actions. Each centered on an offering fraud claim. Be careful, be safe this week. SEC Enforcement – Filed and Settled Actions Statistics: Last week the Commission filed 3 new civil enforcement actions…
Investors Fleeced In Offering Fraud Scheme
The Commission has what appears to be a continuous stream of offering fraud actions. Those cases come in all shapes and sizes; those who implement them use a variety of schemes to convince investors to trust them with their money…