Monthly Archives: November 2018

FCPA “Tips” Continue To Be A Minor Component Of The SEC’s Whistleblower Program – FCPA Professor

Specifically, according to the SEC’s report, of the 5,282 whistleblower tips received by the SEC in FY2018, 202 (3.8%) related to the FCPA. This percentage of FCPA “tips” vs. overall tips is the lowest in the history of the whistleblower program. As noted here, of the 4,484 tips received by the SEC in FY2017, 2010 (4.7%) related to the FCPA…

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King & Spalding Bets on FINRA Vets Despite Some Enforcement Declines

The new hires include Mirella deRose, Russell Johnston, Richard Margolies and Michael Watling, all of whom were senior counsel within the enforcement department at the Financial Industry Regulatory Authority, Wall Street’s nonprofit self-regulator. Johnston, Margolies and Watling joined King & Spalding directly from FINRA, while deRose joined from Lewis Baach Kaufmann Middlemiss, where she was counsel. King & Spalding’s group…

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Kurt Gottschall Named Director of Denver Office

The Securities and Exchange Commission today announced that Kurt L. Gottschall has been named Director of the Denver Regional Office. Mr. Gottschall began working in the Division of Enforcement in the Denver office in 2000 as a staff attorney before becoming a Branch Chief in 2003 and an Assistant Regional Director in 2010.  From 2012 to 2016, he was a…

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Four Partners Join King & Spalding with Regulatory Expertise from FINRA – King & Spalding

King & Spalding today announced that Mirella deRose, Russell Johnston, Richard Margolies and Michael Watling joined as partners in the Government Matters practice and the Securities Enforcement and Regulation team in the New York office. All four partners served as senior attorneys with the Financial Industry Regulatory Authority (FINRA) Department of Enforcement. Johnston, Margolies and Watling joined King & Spalding…

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First, Wildfires. Then What? Securities Litigation, Of Course | The D&O Diary

The recent massive wildfires in California have caused the loss of dozens of lives, and many more people are missing. Thousands have been displaced and many millions more have been affected. The property damage has been devastating. The Camp Fire in Northern California alone has destroyed tens of thousands of 10,000 homes and businesses. Even as the fires raged, questions…

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Speech: ‘Costumes, Candy, and Compliance: Remarks at the National Membership Conference of the National Society of Compliance Professionals

Some people believe that a formal enforcement action is the obvious response to every compliance infraction. In my view, a better approach is to build certain norms into the industry that foster compliance. Hitting someone over the head with a criminal conviction is a sure way to scare all trick-or-treaters, even those not breaking the rules, into ceasing and desisting…

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Will ‘First-of-Its-Kind’ Ripple Suit Set the Tone for US Cryptocurrency Law? | Legaltech News

In a highly-watched litigation on the cryptocurrency scene, Ripple Labs’ lawyers moved to kick a consolidated suit against the digital token outfit up from California superior to federal court. Why such a move, and what impact could the litigation have on the cryptocurrency market? To get a read, The Recorder’s Ian Lopez reached out to crypto and securities expert Jake…

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