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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInFormer Public Affairs Director John Nester to Retire from SEC
The Securities and Exchange Commission today announced that John Nester, formerly the Director of the Office of Public Affairs, is retiring from the agency at the end of this month after nearly 25 years of SEC service. Since April, Mr. Nester has been helping the Office of the Chief Operating Officer prepare the agency and staff […]
Elizabeth Holmes trial hit by new concern: losing too many jurors
When the trial started on September 8, 12 jurors and five alternates took in opening arguments and braced themselves for a trial that is expected to go until at least December. But the group entrusted with deciding the fate of Holmes — who faces a dozen federal fraud charges over allegations that she knowingly misled […]
Global Regulators Back Tougher Rules to Prevent Criminals From Using Crypto – WSJ
The task force called on governments to broaden regulatory oversight of crypto firms and force more of them to take measures such as checking the identities of their customers and reporting suspicious transactions to regulators. The FATF’s guidelines don’t have the force of law, and would need to be implemented by national regulators in each […]
Nov. 17 Webcast: Internal Investigations in Brazil and the U.S. – Comparative Approaches and Challenges
Please join Iris Bennett, Carlos Ayres and Steven Neuman for this free webcast.
Will the SEC Add to Facebook’s Woes? – The New York Times
Now one of the most pressing questions is whether the Securities and Exchange Commission — the federal agency where Ms. Haugen sent the documents — will significantly add to the company’s woes. Whistle-blowers have filed at least nine complaints to the agency, which has oversight of public companies like Facebook, using a selection of the […]
Federal Judges Would Face Tougher Stock-Trading Rules Under Bipartisan Bill – WSJ
Federal judges would be required to report stock trades over $1,000 within 45 days and post their financial-disclosure forms online under legislation proposed by a bipartisan group of lawmakers in the Senate and House of Representatives. The two bills were drafted by both Democrats and Republicans in response to a Wall Street Journal investigation finding […]
Cryptocurrency Company Snared in SEC Dragnet Sues Regulator – WSJ
A cryptocurrency developer who was handed two subpoenas as he walked inside a hotel last month won’t comply with the demands—and is instead suing the federal regulator that issued them. Do Kwon, a South Korean citizen and resident, says the move by the Securities and Exchange Commission violated the agency’s rules and was designed either […]
Fed Imposes New Restrictions on Officials’ Investment Activities – WSJ
Federal Reserve Chairman Jerome Powell imposed sweeping personal-investing restrictions on senior officials in a bid to address a stock-trading controversy that prompted the resignation of two reserve bank presidents and hurt his prospects of being reappointed to lead the central bank next year. The Fed on Thursday said the new rules will restrict senior officials’ […]
Peace Returns to Brooklyn U.S. Attorney’s Office, Now as Boss – Bloomberg
Breon Peace, who began his career as a prosecutor under the U.S. Attorney in Brooklyn two decades ago, is now running the office, one of the busiest in the nation. Appointed by President Joe Biden and sworn in Friday, Peace becomes the third Black lawyer to serve as U.S. Attorney for the Eastern District of […]
Former Southern District Prosecutor Sarah Krissoff Joins Day Pitney’s White Collar Practice in New York | Day Pitney LLP
Sarah Krissoff has joined Day Pitney as a partner in the firm’s Government Enforcement and White Collar Criminal Defense practice. Previously, she served with distinction for over a decade as an Assistant U.S. Attorney in the U.S. Attorney’s Office for the Southern District of New York. She is based in the firm’s New York office. […]