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Join the Securities Litigation and Enforcement Group on LinkedInGermany watchdog investigating Volkswagen shares in run-up to CEO change: Reuters
The German financial markets watchdog is investigating trading in Volkswagen shares before the announcement of a new chief executive, a German magazine reported on Tuesday. via Germany watchdog investigating Volkswagen shares in run-up to CEO change: Reuters
Uncertainty around SFO’s future “is over”, says departing director David Green | City A.M.
The outgoing director of the Serious Fraud Office (SFO) has said the uncertainty surrounding its future is “over”, as he prepares to hand over the reins after six years in the job. In an exit interview with City A.M., David Green said he was convinced by the assurances of home secretary Amber Rudd that the […]
April 24 Webcast: The First 48 Hours — Progressive Incident Response Strategies Following a Cyber Incident
This webcast analyzes the first 48 hours following a cybersecurity incident, and lays out incident response strategies that facilitate critical decision making and enable victim companies to rapidly recover. April 24 Webcast: The First 48 Hours — Progressive Incident Response Strategies Following a Cyber Incident
Victims of Bernard Madoff’s Ponzi Scheme to Receive Millions More – The New York Times
Victims of Bernard L. Madoff, the architect of one of Wall Street’s largest frauds, will receive another $504 million, proceeds from assets that the government seized after Mr. Madoff’s financial firm collapsed a decade ago. With this distribution, the second in a series of payouts, about 21,000 victims will have received a total of more […]
SeaWorld faces possible securities sanctions – The San Diego Union-Tribune
SeaWorld has been under investigation by both the SEC and Department of Justice for executives’ disclosures and public statements in August 2014 and earlier about the impact of the anti-captivity “Blackfish” documentary and trading in the company’s securities. SeaWorld also is facing litigation accusing it of misleading shareholders about how the film contributed to falling […]
$7 Billion Hasn’t Moved The Needle on Financial Crime: Gadfly – The Washington Post
The bigger picture is less encouraging. Despite a cascade of rules, regulations and record-breaking fines, that spending — an additional 5 billion pounds ($7 billion) a year in the U.K. alone — has barely moved the needle. Gauging success in this area may not be an exact science, but if catching dirty money is a […]
Retrial ordered for alleged insider trader Hamish Sansom after hung jury – NZ Herald
A retrial has been ordered after New Zealand’s first insider trading trial ended in a hung jury. Last month, a deadlock was reached in the High Court at Auckland as a jury was unable to reach a unanimous or majority verdict for Hamish Marc Sansom after two days of deliberations. via Retrial ordered for alleged […]
SEC preparing cryptocurrency fraud crackdown, Jay Clayton’s biggest enforcement move yet | Fox Business
“I would say the day of reckoning is coming in this area,” said Harvey Pitt, founder of the consulting firm Kalorama Partners and chairman of the SEC under President George W. Bush. “And I think it reflects the deep-seated concern that some of the activity going on requires enforcement action that must be taken to prevent […]
Forget ICOs; Security Token Offerings Are a $10 Trillion Opportunity
Security token offerings will replace initial coin offerings this year, but that’s just a sliver of their potential. One pioneer in this space estimates security token offerings (STOs) could grow to $10 trillion in just two years. It’s clear STOs will revolutionize investing as we know it and reinvigorate the cryptocurrency markets in the process. […]
Blockchain Firm Accused of Illegal Stock Sales –
The chief executive of Longfin and three of its stockholders have been charged with illegally selling shares in the cryptocurrency company after it went public through a Regulation A+ “mini-IPO.” The U.S. Securities and Exchange Commission said one of the shareholders — stock promoter Amro Izzelden “Andy” Altahawi — made more than $25 million in […]