‘Enforcement 40′ for 2017
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Uber Is Said to File for an I.P.O. as It Races Lyft to a Public Debut – The New York Times
Uber confidentially filed paperwork on Thursday to go public, according to two people with knowledge of the matter, officially moving toward what is expected to be one of the biggest and most anticipated tech company stock market debuts ever. via Uber Is Said to File for an I.P.O. as It Races Lyft to a Public […]
Madoff’s Victims Are Close to Getting Their $19 Billion Back
While no one will ever collect the phantom profits Madoff pretended he was earning, the cash deposits by his clients have been the primary objective for Irving Picard, a New York lawyer overseeing liquidation of Madoff’s firm in bankruptcy court. So far he’s recovered $13.3 billion—about 70 percent of approved claims—by suing those who profited […]
Ohio Accepts Bitcoin for Tax Payments; In Other News, John Wick, Inc. Relocates to Cleveland | LinkedIn
Last week, bitcoin hit yet another milestone when Ohio began accepting bitcoin payments for taxes, the brainchild of its visionary State Treasurer, Josh Mandel, who apparently has ambitions to transform Ohio into a real-life version of John Wick’s Hotel Continental. Ohio’s accepting of bitcoin is a first for any U.S. government agency, and while perhaps a […]
Sherrod Brown, Jeff Merkley want to block lawmakers from buying, selling stock
Two leading Senate Democrats on Thursday introduced a bill intended to prevent members of Congress from trading stocks in industries tied to their legislative work. The measure would ban members of Congress and senior staff from buying or selling individual stocks while in office. Members would also be barred from serving on any corporate boards. […]
SEC and CFTC FY2018 Results: Looking Back . . . and Looking Forward – Securities Law PerspectivesSecurities Law Perspectives
Earlier this month, the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission issued their annual reports about their Divisions of Enforcement results for fiscal year 2018. Analyzing these reports is a helpful way for us to learn from the recent historical enforcement efforts by both financial regulatory agencies. Also, both reports […]
Marriott: The Case for Cybersecurity Due Diligence During M&A – Security Boulevard
In September 2016, Marriott International announced that it had completed the acquisition of Starwood Resorts & Hotels Worldwide, creating the largest hotel company in the world. In its press release, Marriott specifically touted the best-in-class loyalty program that the two brands, combined, could now offer members. What Marriott International executives didn’t realize was that hackers […]
Insider Trading in the Potato Trade – Bloomberg
There are many people in the U.S. who would like to move to an information-parity regime. The appeal is that it seems to make line-drawing easier: You don’t need to debate what sort of personal benefit an insider tipper got; you just need to know that she gave material nonpublic information to someone who traded. […]
Pay Taxes With Bitcoin? Ohio Says Sure – WSJ
Ohio appears set to become the first state to accept bitcoin for tax bills, a show of support for a technology that has garnered lots of hype but failed to gain traction as a form of payment. Beginning this week, Ohio businesses will be able to go to the website OhioCrypto.com and register to pay […]
Insider Trading: Algorithmic Sleuths Follow the Options Market – Bloomberg
Insider trading involves illegal profiting from nonpublic information by people buying and selling shares. It typically increases whenever companies are busy acquiring each other. The 42 percent rise in the Russell 3000 index during the 24 months through September included the most mergers and acquisitions in 12 years. Now the technology that created artificial intelligence is getting […]
Crypto Law Veteran Mike Lempres Departs Coinbase for Andreessen Horowitz
Coinbase’s former chief legal officer has left the crypto company for venture capital firm Andreessen Horowitz, an early Coinbase investor. Coinbase’s chief policy officer Mike Lempres will be an executive in residence at the Menlo Park-based venture firm, helping Andreessen Horowitz evaluate crypto investment opportunities and advising portfolio companies on legal and regulatory issues. via Crypto Law Veteran Mike […]