Westlaw Topical Highlights: Securities, April 17, 2014

April 17, 2014

To match analysis CHINA-IPO/Topical Highlights for Securities provides summaries of significant federal and state judicial decisions and legislative and administrative activities affecting Securities law. A Westlaw subscription is required to access the documents linked from this page.

Fraud: Maximum civil penalty of $4,750,337.88 was warranted in SEC civil enforcement action.

Westlaw Topical Highlights Summary Added April 10, 2014 S.E.C. v. Kinnucan, 2014 WL 1244768 (S.D.N.Y.) The maximum civil penalty of three times the amount of disgorgement ordered, or $4,750,337.88, was warranted in an SEC civil enforcement action. A research company’s president had obtained material nonpublic information from employees of public companies and divulged that information to the company’s clients. He acted with a high degree of intent, as reflected by the fact that the underlying conduct unfolded over course of two years and involved highly deliberate efforts to obtain insider tips.  2014 WL 1244768.  (The full-text of the rest of the Topical Highlights is available within Westlaw Next, subscription required).