Monthly Archives: October 2018

‘Gun-Shy’: How Federal Prosecutors Forgot Silicon Valley — The Information

The two offices are vastly different both in culture and their approach to white-collar crime. New York prosecutors often deploy techniques associated with organized crime investigations, including wiretapping, executing search warrants and flipping suspects to testify against bigger targets. Prosecutors in San Francisco, meanwhile, typically will issue a grand jury subpoena and request emails from a company, former employees say.…

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New Director, New Direction? Initial insight into the next era at the Serious Fraud Office | Allen & Overy LLP – JDSupra

The question on everyone’s mind since the announcement of the Director of the SFO on 4 June 2018 has been: how (if at all) will the new Director change the SFO’s strategic direction and enforcement priorities? We have had the first insight into that topic with the speech delivered in September by Lisa Osofsky in her capacity as the new…

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Tesla Faces Deepening Criminal Probe Over Whether It Misstated Production Figures – WSJ

Tesla Inc., with a fresh civil fraud settlement now behind it, faces a new legal problem: a deepening criminal investigation. Federal Bureau of Investigation agents are examining whether Tesla misstated information about production of its Model 3 sedans and misled investors about the company’s business going back to early 2017, people familiar with the matter say. via Tesla Faces Deepening…

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The SEC Launches FinHub – New Resource for Public Engagement on FinTech Matters | White & Case LLP – JDSupra

On October 18, 2018, the US Securities and Exchange Commission (the “SEC” or the “Commission”) announced its launch of a new “strategic hub for innovation and financial technology” the Commission is calling FinHub. What is FinHub? The Commission describes FinHub as “a resource for public engagement on the SEC’s FinTech-related issues and initiatives, such as distributed ledger technology (including digital…

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FinHub — SEC.gov

Welcome to the SEC’s Strategic Hub for Innovation and Financial Technology (FinHub). As financial technologies, methods of capital formation, market structures, and investor interfaces continue to evolve, FinHub will play an important role in facilitating the SEC’s active engagement with innovators, developers, and entrepreneurs. In addition to being a resource for information about the SEC’s views and actions in the…

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Cryptocurrency Markets Quiet for Now, but Catalysts for Moves Loom – TheStreet

Cryptocurrency markets have been unusually quiet lately, but some are viewing that as the proverbial calm before the storm. That’s because the Securities and Exchange Commission — the dominant US regulatory body that oversees securities regulations — is set to soon respond to a request for a new Bitcoin ETF. And that’s on the heels of the SEC establishing its own office to help…

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SEC “Outsider Trading”? Enforcement: The Silence is Deafening | LinkedIn

It was just a year or so ago when the SEC learned first-hand what it’s like to experience a data breach.  Like a cardiologist who suffers a heart attack and could uniquely empathize with patients, the SEC, after suffering the EDGAR data breach, could now uniquely empathize with the cybersecurity challenges faced by financial firms. When the SEC sheepishly announced the…

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