‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInBrazil ex-billionaire fined $134 million for insider trading
Eike Batista, once the richest man in Brazil, has been fined around $134 million for insider trading, the securities commission said Monday, as the ex-billionaire remains under house arrest pending an appeal against a 30-year jail sentence. Apart from the fine, the 62-year-old also was banned for seven years from running a publicly traded company. […]
SEC Taps Veteran Enforcement Lawyer to Head San Francisco Regional Office | The Recorder
Schneider previously served as the associate regional director in the office under prior director Jina Choi. Choi, who left the director’s post last year, has since joined Morrison & Foerster as a partner. via SEC Taps Veteran Enforcement Lawyer to Head San Francisco Regional Office | The Recorder.
Erin Schneider Named Director of San Francisco Office
The Securities and Exchange Commission today announced that Erin E. Schneider has been named Director of the San Francisco Regional Office. Ms. Schneider joined the SEC staff in 2005 as a staff attorney in the San Francisco office. She was promoted to Assistant Regional Director of the Enforcement Division’s Asset Management Unit in 2012 and […]
Ex-Attorney General Loretta Lynch Joins Paul Weiss | The American Lawyer
Loretta Lynch, who served as U.S. attorney general during the last two years of the Obama administration, has moved to Paul, Weiss, Rifkind, Wharton & Garrison, the firm announced Tuesday. via Ex-Attorney General Loretta Lynch Joins Paul Weiss | The American Lawyer.
SEC Awards $4.5 Million to Whistleblower Whose Internal Reporting Led to Successful SEC Case and Related Action
The Securities and Exchange Commission awarded more than $4.5 million to a whistleblower whose tip triggered the company to review the allegations as part of an internal investigation and subsequently report the whistleblower’s allegations to the SEC and another agency. The whistleblower sent an anonymous tip to the company alleging significant wrongdoing and submitted the […]
The Bitcoin Plague Spreads to Retail | LinkedIn
Warren Buffett, perhaps the most celebrated investor ever known, refers to bitcoin as “rat poison squared.” I disagree. Bitcoin is worse than rat poison – it is more akin to the plague and mayhem that rats can spread if not properly contained. Now the bitcoin plague has spread to U.S. shopping malls. via The Bitcoin […]
The Insider Trading ‘Mess’ Congress Is Trying To Fix
The House Committee on Financial Services recently approved a bill, the Insider Trading Prohibition Act, which creates a statutory definition of insider trading in response to what Rep. Jim Himes, D-Conn., called a “judicial mess” of court decisions on the subject. This “judicial mess” exists, of course, because Congress has never adopted an explicit prohibition […]
China’s former securities regulator Liu Shiyu is probed over family members’ alleged insider trading and favouring hometown IPOs, sources say | South China Morning Post
Liu Shiyu, China’s former securities regulator, is being investigated for allegedly fast-tracking initial public offerings (IPOs) of small banks in his hometown and also of having family members who bought bonds at below-market prices, according to sources and media reports. via China’s former securities regulator Liu Shiyu is probed over family members’ alleged insider trading […]
Former Federal Prosecutor Andrew G. McBride Joins McGuireWoods as Washington Partner | McGuireWoods
Andrew G. McBride, a former federal prosecutor and nationally recognized trial and appellate lawyer with more than two decades of experience representing corporate clients and individuals, has joined McGuireWoods’ Government Investigations & White Collar Litigation Department as a partner in Washington, D.C. via Former Federal Prosecutor Andrew G. McBride Joins McGuireWoods as Washington Partner | […]
The Looming SEC IEO Fintech Smackdown | LinkedIn
Another SEC crypto-crackdown is in the works with a brand new target: the so-called initial exchange offering, or “IEO.” But what the heck is an IEO? Not to be confused with initial coin offerings (or “ICOs”), an IEO is a crypto-financing model offered and administrated via a cryptocurrency trading platform on behalf of a company (typically […]