‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInS.E.C.’s New Cybersecurity Guidance Won’t Spur More Disclosures – The New York Times
Agatha Christie’s fictional sleuth Miss Marple once said in a BBC adaptation that “good advice is almost certain to be ignored, but that’s no reason for not giving it.” That may reflect how companies will respond to guidance recently issued by the Securities and Exchange Commission about how companies should deal with cybersecurity threats. via […]
Elizabeth Warren Wants Wall Street to Have a #MeToo Moment – Bloomberg
Senator Elizabeth Warren wants regulators to make sure Wall Street doesn’t dodge the #MeToo movement. Warren, the finance industry’s leading critic in Congress, asked the Securities and Exchange Commission what it’s done to ensure banks have established policies and disciplinary systems to prevent sexual harassment. The Massachusetts Democrat and two other senators also asked the […]
As Matt Levine would put it, blockchain blockchain blockchain — Business Law Prof Blog
The most intriguing part of the paper, however, is where Geis goes further, and inquires whether traceability could cause us to rethink fundamental corporate doctrines. For example, he points out that fraud-on-the-market doctrine is often criticized because some shareholders may benefit from the fraud – in the form of rising share prices – but do […]
Over 100 Firms Seek Licenses to Operate Cryptocurrency Exchanges in Japan – Bitcoin News
There are over 100 companies reportedly waiting for the Japanese Financial Services Agency to approve their registrations to operate cryptocurrency exchanges. While only 16 exchanges are fully licensed in Japan, the agency has allowed another 16 to operate without a license for the time being. However, going forward, only those with sufficient safety and customer […]
When to Report a Cyberattack? For Companies, That’s Still a Dilemma – The New York Times
This tension between the need for discreet cooperation with law enforcement and the obligation to inform investors and the markets creates a dilemma for public companies. Unfortunately, the commission’s updated guidance provides little direction to corporate leaders confronting these conflicting demands. While the guidance acknowledges that it will often take time to “discern the implications” […]