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Join the Securities Litigation and Enforcement Group on LinkedInAlex Oh Resigns from SEC; Melissa Hodgman Named Acting Director of Enforcement
The Securities and Exchange Commission today announced that Alex Oh has resigned her position as Director of the Division of Enforcement for personal reasons. Melissa Hodgman will return to the role of Acting Director of the Division of Enforcement. Source: SEC.gov | Alex Oh Resigns from SEC; Melissa Hodgman Named Acting Director of Enforcement
The FBI Should Retire its Form 302 | LinkedIn
Finally, and perhaps most importantly, Form 302 of the U.S. Federal Bureau of Investigation (“302”), the memorandum used by FBI agents to memorialize their notes taken during a witness interview, can unintentionally create a materially misguided, mistaken, incomplete and wholly unreliable evidentiary record. Innocently characterized as an “interview memo,” the 302, with its “official” look […]
Alex Oh Named SEC Director of Enforcement
The Securities and Exchange Commission today announced that Alex Oh has been appointed Director of the Division of Enforcement. Oh was most recently a partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP and co-chair of the law firm’s Anti-Corruption & FCPA Practice Group. She was previously an Assistant U.S. Attorney in the Criminal Division […]
Wirecard employees removed millions in cash using shopping bags | Financial Times
Wirecard employees hauled millions of euros of cash out of the group’s Munich headquarters in plastic bags over a period of years, according to former employees, suggesting that the payments company was looted even more brazenly than previously known. The once high-flying fintech, which at its peak was worth €24bn, went bust last summer in […]
SEC to LBRY: “You’re Overdue.” Recent Enforcement Action Highlights Evolving SEC Focus on Decentralization
“Decentralization” is a concept that has consistently vexed the entire blockchain-enabled ecosystem in the U.S., including its counsel and regulators, wherein a lack of clarity on the exact definition of decentralization has left relevant stakeholders routinely talking past one another. As such, market participants have been eagerly waiting for the U.S. Securities and Exchange Commission […]
Gary Gensler, Wall Street’s New Watchdog, Has a Full Plate – The New York Times
Given all that awaits Mr. Gensler, Mr. Gelzinis of the Center for American Progress said that other than the financial crisis of 2008, the current period was one of the most consequential in decades for a new S.E.C. chairman. “To say he has a full plate may be an understatement,” Mr. Gelzinis said. Source: Gary […]
Lisa Monaco Is Confirmed by Senate as Deputy Attorney General – WSJ
The Senate on Tuesday confirmed Lisa Monaco to be deputy attorney general, putting a seasoned national-security official in charge of the Justice Department’s day-to-day operations as it confronts a rise in domestic extremism and threats from abroad. Ms. Monaco, 53 years old, was confirmed in a 98-2 vote, with Democrats and Republicans alike praising her […]
Petitioner asks SEC to clarify when NFTs are securities, recommends NFT rulemaking
Like initial coin offerings (ICOs) before them, non-fungible tokens (NFTs) have grown in popularity very quickly, and Arkonis Capital believes it is now time for the SEC to step in and provide guidance on whether NFTs are securities. In a rulemaking petition, Arkonis said that a concept release on how to regulate NFTs is a […]
Cryptocurrency Giant Binance Hires Former Top Bank Regulator – WSJ
A former top U.S. banking regulator is set to join Binance, one of the world’s biggest bitcoin exchanges, in the latest move by a cryptocurrency company to deepen its ties to Washington. Brian Brooks, an acting head of the Office of the Comptroller of the Currency under the Trump administration, will become the new chief […]
SEC Chief Gary Gensler Picks Top Labor Union Official for Policy Role – WSJ
Gary Gensler, the new chief of the Securities and Exchange Commission, on Monday tapped a labor-union investment official as his policy director, raising expectations that the agency will embrace progressive policy goals. Mr. Gensler, who was sworn in on Saturday, picked Heather Slavkin Corzo for the top policy role in his office. The hire suggests […]