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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInRemember Enron? It Could Happen Again on Biden’s Watch
There are several relatively straightforward steps the Biden administration could take. They involve the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB). Some would require legislation, and some assume the new administration can muster a working majority at the SEC. But to really make a difference, the Biden administration will […]
Statement of SEC Chairman Jay Clayton
I recently submitted a letter to President Donald J. Trump informing him that today, December 23, 2020, will be my last day as Chairman of the Securities and Exchange Commission. The text of the letter is included below. Source: SEC.gov | Statement of SEC Chairman Jay Clayton
Critics outraged, Republicans silent as Trump pardons ex-Rep. Chris Collins | buffalonews.com
President Trump on Tuesday pardoned former Rep. Chris Collins, who was imprisoned in October after pleading guilty to felony insider trading charges. The early evening pardon prompted outrage from Collins’ critics and dead silence from Trump’s fellow Republicans. “Today, President Trump granted a full pardon to Chris Collins, at the request of many Members of […]
Statement on the Tenure of SEC Chairman Jay Clayton
Statement by Commissioner Elad L. Roisman: It is hard to sum up my gratitude and admiration for Chairman Clayton’s leadership of this agency. During his tenure at the SEC, he has focused on bringing together its talented and dedicated staff to make major strides in advancing the Commission’s tri-partite mission of protecting investors, maintaining fair, […]
SEC Charges Ripple and Two Executives with Conducting $1.3 Billion Unregistered Securities Offering
According to the SEC’s complaint, Ripple; Christian Larsen, the company’s co-founder, executive chairman of its board, and former CEO; and Bradley Garlinghouse, the company’s current CEO, raised capital to finance the company’s business. The complaint alleges that Ripple raised funds, beginning in 2013, through the sale of digital assets known as XRP in an unregistered securities offering […]