‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInCoinbase Hires Ex-SEC Director to Run Capital Markets Division – WSJ
Coinbase named Brett Redfearn, most recently the director of the SEC’s division of trading and markets, to run its capital-markets group, which includes its exchange operations and a brokerage and custody business. Mr. Redfearn, who left the SEC in December, is the second high-ranking former SEC official this week to take a role with a […]
Is SPAC-Related Legal Action About to Heat Up? | The D&O Diary
Anyone reading the business pages know that SPAC IPO activity continues to surge; indeed, we have not yet even officially completed 2021’s first quarter, yet the number of SPAC IPOs completed and the amount of funding raised have both already exceeded the totals for the full year 2020. As I have already noted in prior […]
Asset management giant Fidelity files for a bitcoin ETF
A new filing with the U.S. Securities and Exchange Commission indicates that asset management giant Fidelity is seeking to create a bitcoin exchange-traded fund (ETF). The Wise Origin Bitcoin ETF is the latest entrant in a growing race to launch a bitcoin exchange-traded product in the United States. According to the filing, a firm called […]
Manhattan Is On Track to Have Its First Black U.S. Attorney – The New York Times
Senator Chuck Schumer will ask President Biden to name Damian Williams as the next U.S. attorney in Manhattan, virtually ensuring that one of the most powerful and important federal prosecutor’s offices in the country will be led for the first time by a Black man, the senator’s office said on Tuesday. Source: Manhattan Is On […]
Brooklyn Man Charged in Long-Running International Insider Trading Scheme | USAO-EDNY | Department of Justice
According to the indictment, between November 2015 and October 2020, Peltz and his co-conspirators engaged in a fraudulent scheme by which they obtained MNPI about publicly traded companies from a variety of sources, including a corporate insider and a reporter at a financial news organization (the “Reporter”). Peltz and his co-conspirators allegedly used the MNPI […]
SEC’s emphasis on ESG creates friction between members – ESG Clarity US
The SEC’s intensity about ESG policy is likely to continue under Gary Gensler, the Biden administration’s nominee for SEC chair who will give Democrats a 3-2 edge on the commission. He voiced support for ESG disclosures at his Senate confirmation hearing earlier this month. The Senate is expected to vote soon on his nomination. The […]
Elon Musk says Tesla now accepts bitcoin as a payment method
Tesla’s founder and CEO Elon Musk has said the electronic car maker now accepts bitcoin as a payment method. Musk said in a tweet early Wednesday UTC time that “You can now buy a Tesla with Bitcoin.” Source: Elon Musk says Tesla now accepts bitcoin as a payment method
SEC Responds to Investor Demand by Bringing Together Agency Information About Climate and ESG Issues
The SEC today launched a new page on its website to bring together agency actions and the latest information about climate and environmental, social and governance (ESG) investing. In response to increased investor demand for this information, the page will appear on the front page of SEC.gov and will be updated as the agency continues to […]
Leon Black quits leadership positions at Apollo | Financial Times
Leon Black has quit his leadership positions at Apollo Global Management, ceding power after the investment firm he co-founded 30 years ago became overshadowed by an outcry over his ties to the late paedophile Jeffrey Epstein. Former Securities and Exchange Commission chairman Jay Clayton will become non-executive chairman, a role that Apollo had previously indicated […]
CalPERS whittles CIO pool to 3 before calling off search
CalPERS had whittled the number of finalists for its next CIO to three, but announced Friday that it has suspended the search without making an offer and will pick it back up in June. Officials at the $439.5 billion pension fund plan to revisit the criteria for the job as well as the search process […]