Sec back dating inquiry
Craig also has experience representing entities and individuals under investigation for, or charged with, securities fraud, mail/wire fraud, accounting fraud, money laundering, Foreign Corrupt Practices Act (FCPA) violations and tax offenses. Craig is recognized as a leading litigation lawyer in . District Court for the Southern District of New York.He is a former law clerk to the Honorable Lawrence M. Craig has written about enforcement actions against hedge funds and other industry-related topics, and has spoken on attorney-client privilege.There are certain situations, however, when backdating is acceptable; however, the parties involved must agree to it.There was a spate of backdating stock options in the 2000s, mostly at technology firms that rely heavily on stock options for executive compensation, but also at some companies not in the tech sector.Drawing on his experience both as a former enforcement attorney with the U. Securities and Exchange Commission and as a Special Assistant U. Attorney, Craig advises clients on securities trading matters and, when necessary, represents them in regulatory investigations and enforcement actions by the SEC, DOJ, FINRA and other self-regulatory organizations and state regulators.
Represented a major energy company in New York State Attorney General’s investigation of public disclosures regarding climate change.Backdating is the practice of marking a document, whether a check, contract or another legally binding document, with a date that is before what it should be.Backdating is usually disallowed and even can be illegal or fraudulent based on the situation.Wildcatting informally refers to a practice instituted by the Securities and Exchange Commission (SEC) that calls for the review of an entire industry whenever critical problems are found within one or two companies in that industry.The SEC may investigate any number of critical issues with a particular firm, including accounting irregularities, executive compensation and the use of derivative transactions, and parlay this investigation into an investigation of other firms within the same industry.