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The scenario you described involving diligence and shorting would almost automatically merit an investigation from the SEC. I think it might actually merit an a
by zbobet2012 9y ago
The scenario you described involving diligence and shorting would almost automatically merit an investigation from the SEC. I think it might actually merit an automatic "fine" under short swing profit rules.
- JumpCrisscross 9y agoIt would, from the SEC. There is no analog for lawyers.
- phonon 9y agoYou would definitely be disbarred.
- JumpCrisscross 9y agoThe Bar's disciplinary proceedings are not a public process. "Definitely" is definitely too strong.
- raleighm 9y agoI think you can find disciplinary records/proceedings online in most states. If former associates of a firm you engaged are bringing suit against you, then yes, that can raise professional responsibility issues and it's a good idea to contact the firm as you did and ask about the firm's internal knowledge management system and what information about your business those associates might have had access to.