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Join the Securities Litigation and Enforcement Group on LinkedInObama administration sides with banks in Madoff case — CNBC
The Obama administration is siding with big banks in a dispute over their alleged role in the Bernard Madoff Ponzi scheme. Solicitor General Donald Verrilli Jr., in a 22-page filing late Friday, urged the Supreme Court to let stand a lower court ruling that would bar Madoff Trustee Irving Picard from pursuing billions of dollars […]
RoboDirector? VC Firm Names Algorithm as Equal Member of its Board – Compliance Week
A Hong Kong venture capital firm announced earlier this month that it has named an artificial intelligence tool to its Board of Directors. The VC firm stated that the tool will become an “equal member of its Board” and will casts votes on possible investments. via RoboDirector? VC Firm Names Algorithm as Equal Member of […]
SEC Rejects Claim by Whistleblower Who Missed Deadline – Risk & Compliance – WSJ
The agency last Friday denied the unnamed individual an award because the person took more than 90 days to submit a request for a bounty. The person fought back against the denial but the SEC ultimately decided against waiving the deadline in an order that explains the agency’s approach to claims that fall outside the […]