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Telegram has told investors that it is planning to send out the first batches of its coin, the Gram, within the next two months, according to three investors who have spoken with Telegram recently. Telegram is also planning to make Gram digital wallets available to the 200 million to 300 million global users of Telegram’s […]
According to the SEC’s order, RSM US repeatedly represented that it was “independent” in audit reports issued on the clients’ financial statements, which were included or incorporated by reference in public filings with the Commission or provided to investors. Instead, the SEC found that RSM US or its associated entities, including other member firms of […]
FINRA today announced the retirement of Executive Vice President Cam Funkhouser after more than 35 years of service at the organization. Funkhouser has led FINRA’s Office of Fraud Detection and Market Intelligence (OFDMI) – including the Insider Trading and Fraud Surveillance units, FINRA’s Complaint Center and FINRA’s Whistleblower program – since its creation 10 years […]
The scene was straight out of the era of bitcoin mania: a man on an Amtrak train to New York speaking loudly into his mobile phone, discussing a digital token he was promoting and bragging about how he planned to pump up the price. But unknown to the crypto entrepreneur, sitting a few seats away […]
SEC Commissioner Robert Jackson isn’t ready to leave the agency just yet, even though work to find his successor is well underway. The Democratic-leaning independent won’t teach this fall at the New York University School of Law, where he is on leave, he told Bloomberg Law Aug. 26. The Securities and Exchange Commission member declined […]
Technology advancements have enabled employees to work seamlessly from home and public places. Companies are embracing remote work options to cultivate a more satisfied and productive workforce. However, a negative consequence of this otherwise positive trend is that employees routinely remove sensitive company documents from the secure confines of their offices and company databases. Unprotected […]
In a development that some may find more than a little bit ironic, U.K.-based litigation finance firm Burford Capital has been hit with a securities class action lawsuit following a drop in its share price after a short seller published a report questioning the company’s financial reporting. Burford has denied the short seller’s allegations and […]
The Securities and Exchange Commission today charged TherapeuticsMD Inc., a pharmaceutical company headquartered in Boca Raton, Florida, with violations of Regulation FD based on its sharing of material, nonpublic information with sell-side research analysts without also disclosing the same information to the public. The SEC’s order finds that on two separate occasions in 2017, TherapeuticsMD […]
Davis Polk today announced that Robert Cohen will join the firm as a partner in the Litigation Department in Washington DC. Mr. Cohen will be a member of the firm’s White Collar Criminal Defense and Government Investigations Group, where he will focus on representing companies and boards in regulatory matters and internal investigations. He joins […]
It’s never too late for a second act. Gregory Varallo, an attorney with Richards, Layton & Finger for nearly four decades, has made a late-career leap into a new firm. His three-year term as president of RLF, which is Delaware’s largest law firm, ended June 30. Now he’s taking over the Wilmington office of investor-side […]