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Joel R. Levin, Director Of Chicago Regional Office, To Leave SEC


Joel R. Levin, Director Of Chicago Regional Office, To Leave SEC
Date
16/04/2021
The Securities and Exchange Commission today announced that Joel R. Levin, the Director of its Chicago Regional Office, will leave the agency at the end of May.
Mr. Levin has served as Director of the Chicago office since May 2018, overseeing the agency’s second-largest regional office of more than 260 attorneys, accountants, investigators, securities compliance examiners and other personnel involved in the investigation and prosecution of enforcement actions and the performance of compliance examinations. The nine-state region overseen by the Chicago office is home to roughly 20 percent of the nation’s population, and exercises jurisdiction over more than 2,000 investment advisers and investment companies with over $10 trillion in assets under management, and over 500 broker-dealers with more than 35,000 branch offices. ....

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Charged with a federal crime? Don't start packing bags for beach resort vacation


Charged with a federal crime? Don’t start packing bags for beach resort vacation
Federal judges are hesitant to grant defendant requests for vacations outside the U.S. But as two recent cases involving Texans show, it does occasionally happen.
Cabo San Lucas, México. A federal judge in Dallas recently granted a defendant s request to travel to this popular resort with his wife to celebrate his 57th birthday. But that is a rarity in federal court, according to experts.(Agencia Reforma)
When people are charged with federal crimes, they tend to lay low and save money for legal fees and other expenses, attorneys say. ....

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Comcar bankruptcy liquidation plan approved


Comcar bankruptcy liquidation plan approved
Sale of remaining assets expected to bring in $23.4 million
0 796 2 minutes read
TFI International acquired most of the assets of MCT Transport in the Comcar bankruptcy. (Photo: Jim Allen/FreightWaves)
A federal judge approved plans to liquidate what little assets remain of bankrupt trucking company Comcar Industries: ostensibly real estate.
The Chapter 11 liquidation plan received approval on Wednesday in the U.S. Bankruptcy Court for the District of Delaware. The remaining assets will be sold through two trusts, with an expected recovery of $23.4 million, according to court filings. 
About $15 million will be available to creditors, according to liquidation analysis filed in the court in January. Most will be distributed to secured creditors, with $3.1 million left for unsecured creditors with about $78.6 million in claims.  ....

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