‘Enforcement 40’ for 2020
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By Securities Docket on June 20, 2018, 4:07 pm
The SEC also said it would center its enforcement activities on addressing misconduct that impacts retail investors, including areas like securities custody and penny stock trading. Such a move would mark a shift from the previous enforcement regime: Under former SEC chair Mary Jo White, the regulator had paid close attention to issues impacting institutional […]
By Securities Docket on June 20, 2018, 11:22 am
A former Perella Weinberg Partners LP banker convicted of tipping his father to five health-care mergers may be the latest insider-trader to win his freedom, as another case threatens to fall apart on appeal. In an unusual request that signals the court may have decided to overturn all or part of Sean Stewart’s conviction, a […]
By Securities Docket on June 20, 2018, 10:29 am
South Korea-based cryptocurrency exchange Bithumb said Wednesday it was temporarily suspending deposit and withdrawal services after about $30 million worth of cryptocurrency was stolen. The Seoul-based operator said on Twitter that the stolen coins would be covered from Bithumb’s own reserves and that all users’ assets are being transferred to safer “cold wallet.” via South […]
By Securities Docket on June 20, 2018, 9:56 am
With the transition to a new Commission, the SEC should take the opportunity to review, evaluate and improve its enforcement program. In light of the SEC’s mission to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation, the SEC should take steps to ensure it is allocating resources properly, striking an […]
By Securities Docket on June 19, 2018, 1:53 pm
Please join Vivian Robinson QC, Barry Vitou, Richard Kovalevsky QC and Julian Glass for this free webcast.
By Securities Docket on June 19, 2018, 12:48 pm
“That’s not necessarily insider trading or fraud. But it is troubling because when an executive does a buyback they’re suggesting to the market the stock is cheap. I’m asking if the stock is cheap then why is the executive selling into the buyback,” Jackson told CNBC’s “Squawk Box” on Tuesday. He did not name any […]
By Securities Docket on June 19, 2018, 12:39 pm
The Securities and Exchange Commission today named Daniel J. Wadley as Regional Director of its Salt Lake office. Mr. Wadley succeeds Richard R. Best, whom the agency named Regional Director of its Atlanta office in January. via SEC.gov | Daniel J. Wadley Named as Regional Director of Salt Lake Office.
By Securities Docket on June 19, 2018, 12:38 pm
In an effort to step up consumer protections and improve transparency, Japan’s cryptocurrency industry has drafted new regulations that prohibit insider trading and the trading of new currencies that cannot be traced easily. The Japan Virtual Currency Exchange Association, created in March, will vote on the proposal at a meeting on June 27. It seeks to […]
By Securities Docket on June 19, 2018, 12:37 pm
If Ms. Holmes and Mr. Balwani do not plead guilty, the question at a trial will be whether the two defendants were brazen liars, as the government will argue, or whether they were just as deluded as everyone else by Ms. Holmes’s vision of disrupting the health care industry. via What’s Next for Elizabeth Holmes […]
By Securities Docket on June 15, 2018, 10:11 am
The world’s second-most popular cryptocurrency isn’t an investment vehicle, at least according to the Securities and Exchange Commission. William Hinman, the agency’s director of the division of corporate finance, said Thursday that ether—the currency that powers the Ethereum network—shouldn’t be regulated in the same way as stocks and bonds. His statements follow similar ones made […]