Monthly Archives: April 2019

Judge orders Elon Musk to put ‘reasonableness pants’ on, settle SEC claims

“Tesla still appears unwilling to exercise any meaningful control over its CEO,” SEC lawyer Cheryl Crumpton told the judge Thursday. “He is regularly tweeting about communications that could be material and blowing past the approval process.” But judge declined to spank Musk — choosing instead to order the Tesla CEO and the SEC to work their issues out privately. “Take…

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Lowenstein Sandler Boosts Fast-Growing Practices With Addition of Rachel Maimin From SDNY U.S. Attorney’s Office and H. Gregory Baker From SEC Enforcement Division | Lowenstein Sandler LLP

Lowenstein Sandler announced today that Rachel Maimin, a former Assistant U.S. Attorney in the Southern District of New York, and H. Gregory Baker, a former Senior Counsel in the U.S. Securities & Exchange Commission’s Division of Enforcement Asset Management Unit, have joined the firm as partners in its New York office. via Lowenstein Sandler Boosts Fast-Growing Practices With Addition of…

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SEC Awards Total Of $50 Million To Two Whistleblowers In A Single Action, While Denying Five Other Claimants | Shearman & Sterling LLP – JDSupra

On March 26, 2019, the SEC announced two multi-million dollar awards to whistleblowers who made reports of misconduct that led to a successful enforcement action after denying claims of five other whistleblowers in the same case (only two appealed the preliminary determination denying their application).  SEC Press Release, SEC Awards $50 Million to Two Whistleblowers, No. 2019-42 (Mar. 26, 2019).  One…

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SEC.gov | The Securities and Exchange Commission and the UK Financial Conduct Authority Sign Updated Supervisory Cooperation Arrangements

The Securities and Exchange Commission and the United Kingdom (UK) Financial Conduct Authority (FCA) have today reaffirmed their commitment to continue close cooperation and information sharing in the event of the UK’s withdrawal from the European Union (EU). via SEC.gov | The Securities and Exchange Commission and the UK Financial Conduct Authority Sign Updated Supervisory Cooperation Arrangements.

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