Monthly Archives: June 2020

Hester Peirce tapped for second term as SEC commissioner

Hester Peirce has been nominated to another term as an SEC commissioner. Her current term expired Friday, though commissioners can remain in their seats up to 18 months after a term’s expiration, or until a replacement is confirmed. If confirmed by the Senate, her term would stretch until June 2025, the White House announced Tuesday. via Hester Peirce tapped for…

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DOJ And SEC Divide And Conquer To Police Coronavirus-Related Securities Fraud | Vinson & Elkins LLP – JDSupra

In early June, federal agencies brought some of the first enforcement actions against COVID-19 securities fraudsters, involving over $100 million in fraudulent claims and profits, making good on their promise to investigate and prosecute those seeking to fraudulently capitalize on the COVID-19 crisis. The cases generally involve misleading claims about companies’ ability to supply COVID-19 testing or protection products, but…

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President Donald J. Trump Announces Intent to Nominate Individual to a Key Administration Post | The White House

Today, President Donald J. Trump announced his intent to nominate the following individual to a key position in his Administration: Caroline A. Crenshaw, of the District of Columbia, to be a Member of the Securities and Exchange Commission. Ms. Crenshaw currently serves as Senior Counsel at the United States Securities and Exchange Commission (SEC) and as a Captain in the…

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Adam Culy joins Stephenson Harwood as partner

Law firm Stephenson Harwood LLP has augmented its professional liability and regulatory practice with the addition of Adam Culy, who joins the firm as a partner in London. Culy joins from BDO, where he was the accountancy firm’s General Counsel for twelve years, and focused on accountancy claims and regulatory investigations. via Adam Culy joins Stephenson Harwood as partner.

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Thornton Law Firm Whistleblower Client Receives Largest-Ever Individual SEC Whistleblower Award

Thornton Law Firm LLP announced today that a firm client has been awarded the largest amount ever to one individual under the SEC’s whistleblower program, nearly $50 million dollars. Working with his counsel at the firm, Michael A. Lesser, the client provided original information to the Securities and Exchange Commission that resulted in a successful enforcement action that returned a…

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Whistleblower Who Revealed Currency Abuses at BNY Mellon Gets $50 Million – WSJ

A former trader at Bank of New York Mellon Corp. BK 4.60% —who alerted authorities to the bank’s pattern of overcharging big clients on currency trades—was awarded a $50 million whistleblower payment. The award, the largest of its type made by the Securities and Exchange Commission, comes more than a decade after the trader, Grant Wilson, began assisting authorities with…

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