Daily Archives: January 6, 2021, 9:54 am

Farewell Statement of Stephanie Avakian, Director of the Division of Enforcement

This job is so much more than the individual cases. But, of course, I take great pride in the cases. Every case is important though some stand out. A few are the SEC’s actions against: Tesla and Elon Musk; Theranos and Elizabeth Holmes; General Electric; Facebook; Telegram and Kik; the EDGAR hackers; Wells Fargo; Robinhood; former Congressman Christopher Collins; Goldman…

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It’s Time for Senators, House Members to Divest Stocks in Individual Publicly Traded Companies

Members of Congress over the years have introduced bills that would prohibit senators, representatives, and their senior staff from owning securities of individual publicly traded companies. Neither the House nor the Senate has passed such a law. As we urged in a letter we sent to House and Senate leadership recently , Congress should do so, making this good-government measure…

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