SEC Clears Newman, Chiasson To Return To The Industry
Law360, New York (May 18, 2015, 7:04 PM EDT) -- The U.S. Securities and Exchange Commission has cleared former hedge fund managers Todd Newman and Anthony Chiasson to return to the securities industry, more than six months after a New York federal appeals court overturned their criminal insider trading convictions and dismissed the indictments against them.
In a pair of orders issued Friday, the five-member commission revoked the industry bar it imposed against Newman and dismissed the ongoing proceedings against Chiasson, who had appealed an SEC judge’s initial decision ordering him banned from associating with broker-dealer, investment adviser and other securities firms.
“In seeking reconsideration of the Order, Newman argues that...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!
Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.