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New York Securities Fraud Lawyers Blog

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Two More Financial Professionals Plead Guilty in Insider Trading Scheme

Federal prosecutors in New York obtained two more guilty pleas stemming from an investigation into supposed “expert network” firms, a hallmark of New York securities fraud in which connect investors to industry experts for a fee. Samir Barai, a former hedge fund manager, and Sonny Nguyen, a former financial analyst…

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Former Heads of Jenkins & Gilchrist and BDO Seidman LLP Convicted of Tax Shelter Fraud in New York Federal Court

On May 24, 2011, several attorneys from now-defunct law firm Jenkins & Gilchrist and a former executive of BDO Seidman, LLP were convicted in the United States District Court for the Southern District of New York for their roles in developing, promoting, marketing and implementing fraudulent tax shelters, and drawing…

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SEC Approves New Whistleblower Rules to Provide Cash Award to Insiders Who Report Securities Fraud

On Wednesday May 25, 2011, the SEC approved new rules to flesh out a provision of the Dodd-Frank Act which provides for large cash rewards for employees who report suspected securities fraud through internal compliance programs or directly to the SEC. Under the new law, employees who report securities fraud…

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