Daily Archives: July 16, 2018, 9:47 am

SEC’s FCPA Action Time Barred

The Commission’s FCPA complaint against two individuals at a hedge fund management firm involved with what the agency called a “sprawling scheme” to bribe various African public officials was dismissed as time barred. Specifically, the Court dismissed the SEC’s amended complaint against Michael Cohen and Vanja Baros, each of whom was employed by a subsidiary of hedge fund management firm…

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DOJ Fraud Task Force: What It Means for Financial Services – Manatt, Phelps & Phillips, LLP

With the July 11 announcement by Deputy Attorney General Rod Rosenstein of the new Department of Justice (DOJ) Task Force on Market Integrity and Consumer Fraud comes the obvious question: How will this task force affect the ongoing role of the Bureau of Consumer Financial Protection (CFPB); the Financial Crimes Enforcement Network (FinCen); a preexisting fraud task force; and the prudential…

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Ripple Beefs up Its Legal Team to Address the XRP Securities Lawsuit | NullTX

Many experts are concerned that Ripple’s XRP asset may be labeled as a security by the SEC. Those concerns first became apparent several months ago when a securities fraud lawsuit was filed against the company. The plaintiffs claimed the firm had sold securities to investors while maintaining centralized control over the currency’s supply. Although this appeared to be a one-off…

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