‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInEffective Cybersecurity and Data Protection Legislation Should Protect Whistleblowers | Compliance and Enforcement
Congress should act to protect cybersecurity whistleblowers because information security has never been so important, or so challenging. In the wake of a barrage of shocking revelations about data breaches and companies mishandling of customer data, a bipartisan consensus has emerged in support of legislation to give consumers more control over their personal information, require […]
SEC Policy Incentivizing Whistleblowers Weakened by Ruling, Lawyers Say – WSJ
But whistleblower lawyers don’t expect many more awards born from the SEC’s policy incentivizing internal reporting. The Supreme Court last year issued an opinion in a case involving Digital Realty Trust Inc. that said antiretaliation protections for whistleblowers provided by the Dodd-Frank Wall Street Reform and Consumer Protection Act extend only to those who provide […]
FBI’s Chris Wray Picks Another King & Spalding Partner as Next Chief of Staff | National Law Journal
FBI director Christopher Wray has tagged another former King & Spalding colleague to serve as his chief of staff. Paul B. Murphy, a King & Spalding partner in Atlanta and former associate deputy attorney general in Washington, D.C., has been tapped to replace Zack Harmon, spokeswomen at the FBI and the law firm confirmed Wednesday. […]
Bernie Madoff’s wife will pay her husband’s victims $594,000 after a judge approved the settlement | Daily Mail Online
Bernie Madoff’s wife Ruth will pay victims of her swindler husband $594,000 after a federal judge approved the settlement with a court-appointed trustee who’s liquidating the fraudster’s assets and raising money for those he deceived. U.S. Bankruptcy Judge Stuart Bernstein in Manhattan authorized the settlement on Tuesday ending a decade-old lawsuit. The accord calls for the […]
Crypto Assets and Insider Trading Law’s Domain
An extensive literature addresses the substance of insider trading law. For example, should new techniques of high frequency trading be penalized as a species of “insider trading 2.0?” Should all insider trading be decriminalized? Far less attention has been devoted to the domain of insider trading law. Insider trading law applies to stock, but does […]
Will Congress Expand the Insider Trading Prohibition? – The New York Times
A common complaint about insider trading law is that there is no statute that expressly sets forth the requirements to prove insider trading. That can make it difficult to determine whether a violation has occurred. The House Financial Services Committee is seeking to remedy that. It recently passed a bill that would — for the […]
Defend Crypto
The SEC has been shaping the future of crypto behind the scenes with settlements that set a dangerous precedent and stifle innovation. Kin is unwilling to let that happen and is setting aside $5MM with Coinbase to take them on in court. But with the future of crypto on the line, $5MM might not be […]
Yahoo Japan to Enter the Crypto Trading Fray with Nearing Taotao Launch
Yahoo Japan has tipped its hand to the upcoming launch of Taotao, its cryptocurrency trading platform. YJFX, Yahoo Japan’s foreign exchange (forex) platform, acquired a 40% share in Taotao, which was previously dubbed BitARG, in early 2018. Since making this acquisition, they have moved to set BitARG up as a Yahoo Japan branded subsidiary. The […]
Kin Launches $5 Million DefendCrypto Fund to Take on the SEC
These are the show notes for an episode of the Unchained podcast featuring Ted Livingston of Kik and the Kin Foundation and Patrick Gibbs of Cooley…. The Kin Foundation is launching an initiative called DefendCrypto.org with $5 million in order to fund a potential court battle with the Securities and Exchange Commission, the founder Ted Livingston announced on my […]
Mark Cuban: The SEC is ‘useless’
“Had the SEC really wanted to make the markets safer, they would publish bright line guidelines,” Cuban said in the new interview. “For instance, there’s no specific law on insider trading. There are only legal precedents that have been set as a result of various cases that the SEC has brought … If you’re just […]