Monthly Archives: February 2021

SEC Expands Enforcement Staff’s Power to Start New Investigations – WSJ

Wall Street’s main regulator will give more power to its enforcement staff to launch investigations, an early sign that it plans to become more assertive under the Biden administration. The move by the Securities and Exchange Commission allows more enforcement supervisors to authorize investigations, permitting about 36 senior officials at the agency to subpoena companies and individuals for records or…

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Statement of Acting Chair Allison Herren Lee on Empowering Enforcement to Better Protect Investors

In consultation with Division of Enforcement Acting Director Melissa Hodgman, today I restored a vital tool to our enforcement program to better protect investors by authorizing senior officers in the division to approve the issuance of a Formal Order of Investigation. This will empower senior officers to exercise the delegated authority of the Commission to authorize staff to subpoena documents…

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White collar lawyers predict boom times under Biden | Financial Times

So for many white collar criminal defence lawyers, Trump’s defeat at the hands of Democrat Joseph Biden has been cause for celebration. “The Trump administration’s approach to dealing with white collar crime can be encapsulated in the dozens of pardons that president Trump granted to white-collar criminals stretching back decades,” said Daniel Horwitz, a former prosecutor who is now a…

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Paul, Weiss Expands Presence in Northern California With Four Prominent Lateral Partners | Paul, Weiss

Paul, Weiss, Rifkind, Wharton & Garrison LLP announced today that Melinda Haag, Walter Brown and Randy Luskey will join the firm as partners in the Litigation Department, and Jeremy M. Veit as a partner in the Corporate Department. The four additions will form the foundation for the new Paul, Weiss Northern California office, alongside litigation partner Meredith Dearborn. Source: Paul,…

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Tesla buys $1.5 billion in bitcoin and plans to start accepting it as payment for products

Tesla announced Monday that it bought $1.5 billion worth of bitcoin, according to a filing with the SEC. The company said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash,” according to the filing. In addition to the purchase, Tesla said it would start accepting payments in bitcoin in exchange for its products…

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What to Expect from a Gensler SEC? | News | Sidley Austin LLP

Earlier this year, President Biden announced Gary Gensler as his choice to lead the U.S. Securities and Exchange Commission (SEC). Gensler’s tenure as chairman of the Commodity Futures Trading Commission provides a glimpse into his possible agenda at the SEC. A focus on public company issues, ESG, disclosures, enforcement, digital assets guidance, and attention to novel technologies like artificial intelligence…

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