TheStreetSweeper in the News
- The Wall Street Journal: Northern Oil & Gas Gets a Bear Raid
- The Motley Fool: Northern Oil and Gas Shares Plunged: What You Need to Know
- Barron's: Insider Selling Accelerates at Northern Oil & Gas
- Benzinga: Will Growth Spurt Last for Northern Oil & Gas?
- Benzinga: More Trouble for Northern Oil and Gas
SEC Doubles Numbers Of Fraud Cases Now Under Prosecution
These are tough times for the Securities and Exchange Commission, the federal regulatory agency charged with battling securities violations that affect millions of investors. Bloomberg reported that complicated cases born of the 2008 mortgage market collapse, plus increased actions taken against individual Wall Street financial executives, have resulted in 90 or so cases being actively pursued by SEC lawyers. That's a 50 percent increase over the same period last year, while the agency's prosecutorial staff has remained all but flat in numbers. Bloomberg quoted Matthew Martens, the SEC's chief litigator, as saying victories in the battles are crucial. “At the end of the day, if we can't win cases, then people don't settle,” Martens told the news service. “That's the reality.”
