Topic
Penalties
122 published works
Corporate & Financial Weekly Digest
Bipartisan Bill Introduced in U.S. Senate to Authorize SEC to Impose Larger Penalties
Co-authored by James. B. Anderson. On July 23, Senators Charles Grassley (R-IA) and Jack Reed (D-RI) introduced S.3416, the Stronger Enforcement of Civil Penalties Act of 2012 (the Bill), in…
White Collar Crime Prof Blog
Southern Union Co. – Apprendi Applies to Fines – But Will it Matter?
By Ellen Podgor
The Supreme Court issued an opinion in Southern Union Co. v. United States. The company was convicted of a RCRA violation, which carries a penalty of a fine of not more…
Subject to Inquiry
“How Bad Can It Get?” Recent Penalties for Immigration Violations
Clients often ask, “What’s the risk of not complying with immigration law?” In essence, what they’re asking is how much it will cost if they don’t get it right. So,…
Workforce Bulletin
FINRA’s $1 Million Dollar Fine of Merrill For Dodging Arbitration of Claims
By: Lauri F. Rasnick FINRA recently announced that it fined Merrill Lynch, Pierce, Fenner & Smith (“Merrill”) one million dollars for failing to arbitrate claims with employees. See January 25, 2012…
CAFA Law Blog
Zip-a-Dee-Doo-Dah…Subsequent Violation Under Song-Beverly Act Means Defendant’s Subsequent Violation
Morey v. Louis Vuitton N. America, Inc., 2011 WL 6256963 (9th Cir. Dec. 15, 2011). Want a chic Louis Vuitton bag for free on Valentine's Day? Want to know how to…
Securities Compliance Sentinel
You Knew It Was Coming SEC Looks to Enhance Its Enforcement Program
In a letter to certain senators, SEC Chairman Mary Schapiro has requested new statutory power to enhance the SEC’s Enforcement program’s effectiveness. In particular, the SEC is seeking statutory upgrades…
Health Industry Washington Watch
Counterfeit Drug Penalties
On December 8, 2011, the Senate Judiciary Committee approved S.1886, the "Counterfeit Drug Penalty Enhancement Act of 2011.” This legislation, introduced by Committee Chairman Patrick Leahy (D-VT), would increase penalties…
Subject to Inquiry
SEC Chairman Schapiro Seeks Higher Penalties in Enforcement Actions
By Government Investigations Group
On November 28, 2011, SEC Chairman Mary Schapiro sent a letter to Senator Jack Reed, Chairman of the Senate Subcommittee on Securities, Insurance and Investment, requesting “statutory changes [that] would…
Federal Securities Law Source
SEC Requests Congress To Allow The Agency To Impose Stricter Financial Penalties
According to media reports (here and here, for example), SEC Chairman Mary Schapiro, in a letter dated November 28, 2011 to Senators Jack Reed and Larry Crapo, has requested a…
Washington Energy Report
FERC to Review Notice of Penalty Against Southwestern Power Administration
On August 29, 2011, the Federal Energy Regulatory Commission (“FERC” or the “Commission”) issued an order initiating review of a Notice of Penalty (“NOP”) issued by the North American Electric…