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Market regulators acknowledged to Senate lawmakers on Tuesday that they are falling behind the curve when it comes to virtual currency regulation and may need Congress to help them catch up. Testifying before the Senate Banking Committee, the heads of the Securities and Exchange Commission and the Commodity Futures Trading Commission said the two agencies […]
The fraud trial against three former Tesco directors has been abandoned after the judge was forced to discharge the jury because one of the accused suffered a major heart attack. via Tesco fraud trial abandoned after defendant suffers heart attack.
The chairmen of the Securities and Exchange Commission and the Commodity Futures Trading Commission have been talking a big virtual currency regulation game lately but the Senate’s banking committee will see on Tuesday if they’ve got the actions to back up it up. Idaho Republican Sen. Michael Crapo and ranking member Sen. Sherrod Brown, a […]
Melvyn I. Weiss, whose avalanche of class-action lawsuits made him a pariah to corporate America, a hero to plaintiffs, a catalyst for legal protections of investors and consumers, and finally a felon, died on Friday at his home in Boca Raton, Fla. He was 82. via Melvyn Weiss, Lawyer Who Fought Corporate Fraud, Dies at […]
The Securities and Exchange Commission is expanding its focus from the companies developing initial coin offerings to the hundreds of lawyers who are guiding them through regulatory gray areas. The industry argues it doesn’t fit neatly into existing legal frameworks as global regulators consider whether virtual tokens might be securities — which require strict regulatory […]