‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInSEC’s New Crypto Czar Wants Coin Industry to Step Out of Shadows – Bloomberg
The U.S. Securities and Exchange Commission is well known for bringing landmark cases against the biggest names in finance. But its powers to punish individuals and companies can also be intimidating, something that’s very much on the mind of Valerie Szczepanik, the SEC’s new top official overseeing the nascent cryptocurrency industry. In taking her new […]
With Clock Ticking Faster on Its Cases, the S.E.C. Faces a Quandary – The New York Times
The challenge for the S.E.C. will be whether it can adjust to the restrictions without their hindering its enforcement. If the agency can’t, it will have to persuade Congress to give it more time to pursue charges when the underlying misconduct might not come to light until years later. via With Clock Ticking Faster on […]
Former SEC Lawyer, Crypto Advocate Says Compliance For Blockchain Era Is The Future
Perhaps the most important thing last year should be the appreciation of the entire market for the fact that the SEC will not relinquish its regulatory responsibilities in light of recent technological developments. Or at least the investment opportunities they present. This may mean that the market could now enter a compliance phase where securities […]
Should the SEC Allow IPOs When Bylaws Require Arbitration of Federal Securities Claims? | New York Law Journal
There has been renewed interest in whether the SEC should allow a U.S. company to conduct a registered initial public offering if its bylaws require shareholders to arbitrate federal securities claims. In April 2018, SEC Chair Jay Clayton said that resolving this knotty issue is not a priority for the Commission, but the Supreme Court’s […]
SEC nominee wants to focus on enforcement – Pensions & Investments
Mr. Roisman said it’s important for the SEC to review its rules and regulations to ensure the agency is effectively promoting investor confidence, adding that if he’s confirmed he will focus on enforcement. “There’s a perception that the markets are rigged against the little guy and I think it’s important for the SEC to try […]
Kristin Snyder Named Deputy Director of OCIE
Ms. Snyder has been with the SEC for 15 years. She has served as the Co-National Associate Director of OCIE’s Investment Company/Investment Adviser examination program since August 2016 and as the Associate Regional Director for Examinations in the SEC’s San Francisco office since November 2011. She will continue in both of these roles while also […]
SEC Detects Silicon Valley Executive’s Insider Trading
The Securities and Exchange Commission today announced that a senior executive at a Silicon Valley fiber optics company has agreed to settle charges that he made nearly $200,000 in illicit profits by trading on inside information in advance of three disappointing earnings announcements by the company. The case stems from the SEC Market Abuse Unit’s Analysis and Detection […]
SEC Charges Failed Fyre Festival Founder and Others With $27.4 Million Offering Fraud
The SEC’s complaint alleges that McFarland fraudulently induced investments into his companies Fyre Media, Inc., Fyre Festival LLC, and Magnises, Inc., including in connection with McFarland’s failed venture to host a “once-in-a-lifetime” music festival in the Bahamas. With substantial assistance from Grant H. Margolin, his Chief Marketing Officer, and Daniel Simon, an independent contractor to […]
Nomination Hearings — Mr. Elad L. Roisman –United States Committee on Banking, Housing, and Urban Affairs
THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION to conduct a hearing on the following nominations: Mr. Elad L. Roisman, of Maine, to be a Member of the Securities and Exchange Commission… via hearing | Hearings | United States Committee on Banking, Housing, and Urban Affairs.
Julie Lutz, Regional Director of the Denver Regional Office, to Leave SEC After More Than 40 Years Serving Investors
Ms. Lutz has served at the helm of the SEC’s Denver office since November 2013, overseeing the agency’s enforcement and examinations in a seven-state region. Before her appointment to regional director, Ms. Lutz supervised the enforcement program in the Denver office as an associate director, and managed the Denver trial unit as regional trial counsel. […]