‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInWith markets going crypto-crazy, SEC chairman weighs in | TechCrunch
Clayton addresses his comments to both Main Street investors and financial services and market professionals that are selling the new financial products — and he has choice words for both. A tl;dr of the statement yields three main principles. For investors, it’s buyer beware. For market professionals: coin offerings are securities. And for market makers: […]
U.S. Supreme Court Grants Cert in Yet Another Case Securities Law Case | The D&O Diary
I have had this perception for several years now that the U.S. Supreme Court recently has been particularly keen to take up securities cases. It turns out that this perception has a basis in objective fact. A recent paper by University of Toledo law school Professor Eric Chafee confirms that since John Roberts became Chief […]
The State of Cybersecurity in the Legal Industry: Are Things Improving? | Law.com
For law departments, we see an increasing amount of cyber responsibility – which is largely a positive but may also have some negative effects. The firing of law department members because of poor cyber management will continue to be a trend in 2018. We also see an increase in cyber class actions, which will keep […]
Searching for Madoff’s money – Long Island Business News
Meanwhile, the Madoff Victim Fund, set up through the courts, a few weeks ago began its first distribution of $772.5 million to 24,631 victims. Richard Breeden, special master for that fund, called this “an unprecedented effort to identify and compensate directly tens of thousands of investors all over the world whose money was stolen in […]
Chinese Regulator Cracks Down on Booming Hedge-Fund Industry – Bloomberg
China’s securities regulator is cracking down on the fast-growing hedge-fund industry, investigating 10 cases of alleged wrongdoing. Officials are probing private fund practices including market manipulation, misappropriation of client funds, insider trading and trading by managers using their personal accounts, the China Securities Regulatory Commission said in a statement on its website Friday. Some funds […]