Growth Capitalist (https://growthcapitalist.com/category/premium-articles/legal/page/15/)
Legal developments affecting capital formation by pre-IPO private and public emerging growth companies
A federal judge in the hedge fund capital of the U.S. has finally put some hedge fund managers in jail for crimes committed during the financial crisis. A year after pleading guilty to conspiracy to commit investor fraud, Connecticut hedge fund manager and former A.I.G. trader David A. Bryson, has been sentenced to 33 months in federal prison.
David Rosewater is leaving activist investor counsel Schulte Roth & Zabel to take a job at Morgan Stanley defending its corporate clients from activist campaigns.
The top watchdog lawyers at FINRA and the SEC spelled out their 2015 enforcement focus last week at a meeting with securities defense attorneys, warning the group that they expected to bring more cases against broker-dealers for their roles in violations of the direct market access rules.
Early this year, the Securities Exchange Commission (SEC) resolved an enforcement action against the former CFOs of a Silicon Valley tech firm, requiring them to pay back about $500,000 in bonuses and stock sale profits.
