Insider Trading Enforcement Update

03/11/2014 01:00 p.m. - 02:15 p.m. EDT

Public Companies Counseling + Compliance, Investigations + White Collar Defense, Securities Enforcement, and Broker-Dealer Compliance + Regulation

Webinar

This webcast will highlight important recent developments in the government's ongoing crackdown on insider trading, including lessons learned from recent high-profile criminal trials and debated legal issues. The panel will address:

  • The recent separate trials of former SAC Capital portfolio managers Mathew Martoma and Michael Steinberg in the Southern District of New York.
  • The effect prosecutions involving information from expert networks may have on the “mosaic theory.” Mosaic theory is the concept under which the SEC theoretically permits investors to piece together immaterial nonpublic information to form an investment thesis.
  • The sentences—usually no jail time—handed down to defendants who plead guilty and cooperate with the government’s investigation, versus the relatively long sentences of defendants who are convicted at trial.

The panel will include Lawrence Gerschwer, partner of the Securities Litigation, Enforcement, and White Collar Criminal Defense Practice Group at Morrison & Foerster LLP, and Allen D. Applbaum, Senior Managing Director and Global Leader of FTI Consulting’s Global Risk & Investigations Practice. Mssrs. Loewenson and Applbaum are both former Assistant U.S. Attorneys for the Southern District of New York.

California CLE Credit
Morrison & Foerster LLP (Provider #2183) certifies that this activity has been approved for MCLE credit by the State of California in the amount of 1.0 hour.

New York CLE Credit
Morrison & Foerster LLP has been certified by the New York State Continuing Legal Education Board as an Accredited Provider of continuing legal education in the State of New York.

This continuing legal education program has been approved in accordance with the requirements of the Continuing Legal Education Board for a maximum of 1.0 credit hour.

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