Daily Archives: November 28, 2018, 10:09 am

SEC wants key upgrades in crypto markets before approving bitcoin ETF

Cryptocurrency enthusiasts have been eagerly awaiting the approval of what would be the first-ever bitcoin exchange-traded fund, or ETF. But the man largely behind greenlighting one — Securities and Exchange Commission Chairman Jay Clayton — has a few worries that need to be assuaged before he’s “comfortable” approving the investment vehicle. The first is a lack of market surveillance. via…

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Could There Be Internal Controls Violations in Cyber-Fraud Cases?

Companies are now on notice that they must consider cyber threats when devising and maintaining a system of internal accounting controls. A turning point came in mid-October, when the SEC issued a report on an investigation relating to nine public companies that collectively lost nearly $100 million in cyber-fraud incidents. via Could There Be Internal Controls Violations in Cyber-Fraud Cases?.

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Bitfury Adds Former SEC Commissioner to Advisory Board – CoinDesk

The Bitfury Group, a blockchain technology company, has recruited two veterans of the traditional financial world to guide its strategy and growth. Revealed exclusively to CoinDesk, Antoine Dresch, co-founder of tech investment fund Korelya Capital (which led an $80 million funding round for Bitfury) and former executive at several major investment banks, will join Bitfury’s board of directors. At the same time,…

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SEC Releases FY 2018 Whistleblower Program Annual Report | Proskauer Whistleblower Defense

On November 15, 2018, the U.S. Securities and Exchange Commission (“SEC”) published its statutorily mandated fiscal year report to Congress covering the agency’s whistleblower program. The report, which covers the period from October 1, 2017 through September 30, 2018, was prepared by the SEC’s Office of the Whistleblower (“OWB”) to summarize its whistleblower bounty program, report on the program’s recent…

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Is Not Telling the ‘Whole Truth’ Securities Fraud? –

Does complying with company disclosure procedures and consulting with legal counsel protect public-company CFOs from liability arising from statements made in press releases and during investor conferences? Based on a recent federal court jury verdict against David Johnston, the former CFO of Aveo Pharmaceuticals, the answer appears to be: It depends. via Is Not Telling the ‘Whole Truth’ Securities Fraud?…

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