The SEC recently issued new guidance concerning investment advisors use of social media, specifically within the context of public commentary appearing on third party “advisor review” websites. Generally, testimonials (statements of a “client’s experience with, or...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: April 2014
Plea Deal in SAC Insider Trading Case
Yesterday, Manhattan U.S. District Court Judge Laura Swain approved SAC Capital Advisors LP’s (“SAC”) guilty plea. The fund admitted to accepting illegitimate profits and promoting insider trading among its employees. SAC will pay a $900 million criminal penalty,...
