Allegations by and against people in the SEC’s Office of Inspector General spawn several new rounds of “investigating the investigator.”

via At the SEC, Investigations About Investigators Who Investigate Other Investigators – Compliance Week

In the wake of JP Morgan Chase’s startling news last week of its $2 billion trading loss, and of the equaling startling statements of Jamie Dimon, the bank’s CEO, that the losing trades were, among other things, “flawed, complex, poorly reviewed, poorly executed, and poorly monitored,” there has been speculation whether these disclosures would lead to litigation. In particular, commentators have asked whether Dimon’s candid statements would hurt the company in any litigation that might arise.

Well, it looks like we will be finding out….

via Securities Suit Filed Against JP Morgan Chase Over Massive Trading Losses — The D & O Diary.

The Australian Securities and Investment Commission has recorded a surge in insider trading breaches over the last three years, recording more in that period than in the entire decade before that, ASIC deputy chairman Belinda Gibson has said.

Ms Gibson told ABC Radio that in the three years to December 2011, ASIC recorded 11 convictions for insider trading, with another seven cases still undecided. In the ten years to 2008, the watchdog won 10 cases and lost five.

via ASIC sees surge in insider trading cases — Business Spectator.

Throughout the week over at Securities Docket I highlight the most interesting columns and blog posts from around the web on the subjects of SEC enforcement and securities litigation. Here is a digest of my picks for the week ending May 11.

via Web Watch: Best of the Week Ending May 11 – Compliance Week