Recently, the Securities and Exchange Commission (SEC) initiated a 102(e) administrative proceeding against Clark Schaefer Hackett & Co. (“CSH”), a public accounting firm, pursuant to Sections 4C and 21C of the Securities Exchange Act of 1934 (“Exchange Act”), and Rule 102(e)(1)(ii) of the Commission’s Rules of Practice.  Rule 102(e)(1)(ii) provides, in pertinent part, that: The Commission may . . .

Section 13(a) of the Securities Exchange Act of 1934 (“Exchange Act”) and the rules promulgated thereunder require issuers of securities registered pursuant to Exchange Act Section 12 to file with the Commission current and accurate information in periodic reports, even if the registration is voluntary under Section 12(g). Specifically, Rule 13a-1 requires issuers to file annual reports, and Rule 13a-13

Few stories that begin with a government investigation have a happy ending. This is one of them, and the reason is the company’s decision to cooperate and remediate before charges were filed—a smart decision that started with the hiring of competent SEC defense counsel.  Recently, View, Inc. (“View”), a manufacturer of “smart” windows, came under SEC scrutiny for, among other

In a case that says as much about today’s work-from-home climate as it does about securities fraud, the SEC has charged Tyler Loudon of Houston, Texas for trading on confidential information he overheard while his wife, a mergers and acquisitions manager with London-based oil and gas company BP, PLC, was on a remote call. The SEC’s complaint alleges that Loudon

As a former SEC Trial Attorney, I was always particularly mindful of the trading rules imposed on SEC staff. While I always understood that the rules were intended to prevent conflicts of interest, misuse of nonpublic information for personal gain, and appearance problems—all important goals—the restrictions often stood in the way of profitable trades available to other market participants.  Well,