‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC will not assess merit of ESG investments: Peirce
In a statement released Monday, Peirce provided her interpretation of a recent SEC risk alert on ESG investing that warned advisers, investment companies and funds about compliance shortcomings. The alert said recent examinations have found instances of misleading claims as well as inadequate policies, procedures and documentation regarding ESG products and portfolios. “Our examiners are […]
Paul Hastings Adds Orrick’s Herzinger as Company Scrutiny Grows
Kenneth Herzinger has joined Paul Hastings’ San Francisco office as a partner in its investigations and white collar defense practice. His departure from Orrick Herrington & Sutcliffe comes as Paul Hastings expands its white collar bench in anticipation of stepped-up scrutiny from the Biden administration. Source: Paul Hastings Adds Orrick’s Herzinger as Company Scrutiny Grows
Gary Gensler confirmed to lead the SEC, Wall Street’s top regulator
Gary Gensler will lead the Securities and Exchange Commission after the Senate voted 53-45 on Wednesday to confirm his nomination to the nation’s top financial regulator. Gensler, chosen for the role by President Joe Biden, will now play a key part in enforcing and drafting the rules that govern Wall Street, investors and a wide […]
Gary Gensler has a full agenda as he gets set to take over the SEC
With Democrats in control of all three major branches of government, and the SEC commissioners now with a 3-2 Democratic majority, Gensler is likely to face calls from progressives to act on several fronts, including ESG, the GameStop fallout, the Archegos fiasco, payment-for-order flow, fiduciary obligations, and especially regulations around securities in the crypto space, […]
Bernie Madoff dies: Mastermind of the nation’s biggest investment fraud was 82
Bernard Madoff, mastermind of the biggest investment fraud in U.S. history, ripping off tens of thousands of clients of as much as $65 billion, died early Wednesday, The Associated Press reported. He was 82. Madoff died at the Federal Medical Center in Butner, North Carolina, apparently from natural causes, the AP reported, citing an unidentified […]