Criminal Prosecution, Disgorgement, Securities Fraud

Nutter Securities Enforcement Update: July 1, 2025

Nutter McClennen & Fish LLP on 7/9/2025

The Nutter Securities Enforcement Update is a periodic update of noteworthy recent securities enforcement activity, settlements, decisions, and charges. We provide brief summaries that highlight recent enforcement action...more

Criminal indictment of Executive Chairman and parallel civil charges show Feds' willingness to challenge Rule 10b5-1 trading plans

BCLP on 3/6/2023

The Justice Department recently indicted the Executive Chairman of Ontrak, Inc. alleging that he failed the “clean hands” requirement because he had been aware of material nonpublic information relating to the potential loss...more

SEC and DOJ Charge Board Member with Trading on Inside Information . . . During a Board Meeting

Proskauer - Corporate Defense and Disputes on 10/26/2016

On Friday, the SEC filed a complaint against James C. Cope, a former member of the Executive Committee of Pinnacle Financial Partners’ (“PFP”) board of directors, alleging that he engaged in insider trading. The same day,...more

SEC – Broker From Grand Central Insider Trading Scheme Settle

Dorsey & Whitney LLP on 10/26/2015

The scheme was perfect. Broker Vladimir Eydelman of Oppenheimer & Co. would place the trades; law school graduate Steven Metro, a clerk at Simpson Thatcher, would misappropriate the inside information; mortgage broker Frank...more

SEC Settles Another Insider Trading Case Tied To Brocade Deal

Dorsey & Whitney LLP on 6/15/2015

The acquisition of Foundry Networks, Inc., a networking hardware company, by Brocade Communications System, Inc., a technology company specializing in data and storage networking products, announced on July 21, 2008, has...more

SEC, DOJ Charge Brokers With Defrauding Clients

Dorsey & Whitney LLP on 12/18/2013

The Commission brought charges against three subsidiaries of ConvergEx Group, LLC, and two employees of subsidiaries, based on a scheme to defraud brokerage customers by charging excessive fees. In the Matter of G-Trade...more