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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC Fires ‘Shot Across the Bow’ With Statement on Initial Coin Offerings | Corporate Counsel
And now, Morgan said, the SEC’s enforcement actions against ICOs are “a shot across the bow.” “The various speeches and alerts over the last few months served to let ICO issuers know the SEC is watching,” he said, noting that Monday’s statement “goes further by indicating where the SEC might go next: to promoters, gatekeepers and secondary market participants.” […]
Another ICO Draws a Securities Class Action Lawsuit | The D&O Diary
According to news reports, the amount raised through Initial Coin Offerings (ICOs) in 2017 now exceeds $4 billion. This surge of activity has drawn the attention of regulators. The SEC is clearly stepping up its ICO-related enforcement activity. ICOs are also drawing the attention of securities class action plaintiffs’ attorneys. As I noted in a […]
Veteran FINRA Enforcer Emily Gordy Joins McGuireWoods in Washington
Emily P. Gordy, who managed enforcement operations at the Financial Industry Regulatory Authority and served as chief regulatory counsel for the nation’s largest independent broker-dealer, has joined McGuireWoods’ commercial litigation practice as a partner in Washington, D.C. via Veteran FINRA Enforcer Emily Gordy Joins McGuireWoods in Washington
Tesla was under federal investigation over Model 3
The Securities and Exchange Commission investigated Tesla over the way it was selling its Model 3 sedan, but the company failed to tell investors about the probe, and may still be under federal investigation, according to a new report. The firm led by CEO Elon Musk was under formal investigation by the securities regulator from June […]
SFO director insists independence will remain | News | Law Society Gazette
David Green told the House of Commons Justice Committee that the plans to create a new National Economic Crime Centre (NECC) will not impinge on the SFO’s work. The NECC, which will sit within the National Crime Agency (NCA), will have the power to ‘directly ask the SFO to investigate suspects’, the government said. However, […]
SEC charges therapist with insider trading on confidential patient disclosures – MarketWatch
During a session with the therapist, the patient revealed that Zulily would be acquired by Liberty Interactive Corp. Peer used this material information to place illegal trades in Zulily securities before the acquisition was announced to the public. via SEC charges therapist with insider trading on confidential patient disclosures – MarketWatch
Citadel taps top SEC enforcer for chief compliance officer role
Citadel has hired a top enforcer from the Securities and Exchange Commission (SEC) as its new chief compliance officer as it continues to build one of the biggest legal and compliance teams in the hedge fund sector. David Glockner, who was director of the SEC’s Chicago office overseeing over 270 enforcement staff, joined the $25bn […]