Corporate and M&A

By: Therese M. Doherty and Arthur G. Jakoby
Herrick, Feinstein LLP (New York, New York, USA)

On March 19, 2012, the Securities and Exchange Commission issued a press release (the "Press Release") praising a former executive of AXA Rosenberg Group LLC ("AXA") for providing material assistance

under the SEC's Cooperation Initiative. The SEC established the formal program in January 2010 to encourage individuals to cooperate with the SEC in advancing the Commission's investigations and litigations. The Press Release, intended as guidance for participation in the program, noted that the SEC declined to take action against a cooperating former AXA executive and described the factors that the Commission considered in reaching its non-prosecution decision. Click here to read entire article.