Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInCongress asks SEC chairman for clarity on cryptocurrency regulation
More than a dozen members of the House of Representatives sent a letter to Securities and Exchange Chairman Jay Clayton Friday urging his agency to tell investors, in plain English, how it plans to regulate cryptocurrency. “It is important that all policy makers work toward developing clearer guidelines between those digital tokens that are securities, […]
Tesla Chief Elon Musk Is Sued by S.E.C. in Move That Could Oust Him – The New York Times
Elon Musk, Tesla’s chief executive, was accused by federal regulators on Thursday of misleading investors with false public statements, a move that could force him out of the company’s leadership. At issue is Mr. Musk’s declaration on Twitter last month that he had “funding secured” to buy out the stock of the electric-car maker. The […]
Elon Musk Charged with Securities Fraud for Misleading Tweets
On August 7, 2018, Musk tweeted to his 22 million Twitter followers that he could take Tesla private at $420 per share (a substantial premium to its trading price at the time), that funding for the transaction had been secured, and that the only remaining uncertainty was a shareholder vote. The SEC’s complaint alleges that, […]
SEC Charges Firm With Deficient Cybersecurity Procedures
The SEC charged Voya Financial Advisors Inc. (VFA) with violating the Safeguards Rule and the Identity Theft Red Flags Rule, which are designed to protect confidential customer information and protect customers from the risk of identity theft. This is the first SEC enforcement action charging violations of the Identity Theft Red Flags Rule. via SEC […]
Oct. 17 Webcast: Corporate Board Oversight of Cybersecurity — A Blueprint for Success
Please join John Reed Stark and David Fontaine for this free webcast.
Kirkland Brings Back Litigator Who Tackled SDNY White-Collar Prosecutions | New York Law Journal
Kirkland & Ellis has brought back an alum who led a string of insider trading and securities fraud investigations at the U.S. Attorney’s Office for the Southern District of New York, including the case against Rep. Chris Collins and former law firm partner Walter “Chet” Little. Robert Allen, 34, joined Kirkland as a partner this […]
SFO General Counsel to join Kingsley Napley
Alun Milford, general counsel for the U.K. Serious Fraud Office, will be leaving the agency to join law firm Kingsley Napley as a partner at a date to be announced. via SFO General Counsel to join Kingsley Napley.
US prosecutors charge three men in US$364 million Ponzi scheme – Reuters
Federal prosecutors have accused three men of portraying themselves as investment professionals and using a phony portfolio of consumer debt to defraud hundreds of unwary investors out of tens of millions of dollars as part of a US$364 million Ponzi scheme. via US prosecutors charge three men in US$364 million Ponzi scheme – Reuters
Labaton’s Whistleblower Group Lands Former Top SEC Lawyer | The American Lawyer
Levine, a former longtime associate general counsel for legal policy at the SEC, will focus his efforts on representing whistleblowers in front of the agency in his new role as a partner at Labaton in Washington, D.C. Levine’s hire lands him among other former SEC officials already in Labaton’s five-partner whistleblower practice, including the group’s leader, Jordan […]
SEC Says Don’t Judge Its Enforcement Strength Solely on Volume of Cases, Fines – WSJ
The Securities and Exchange Commission is still policing wrongdoers, even if the volume of its enforcement actions and dollar amount of its fines drop this year, Stephanie Avakian said Thursday in remarks prepared for a conference in Dallas. The SEC rejects the premise “that numbers—standing alone —can adequately measure the success or impact of an […]