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Join the Securities Litigation and Enforcement Group on LinkedInWeil Adds SEC Enforcement and Securities Litigation Partner Robert Stern in Washington, D.C. – Weil, Gotshal & Manges LLP
International law firm Weil, Gotshal & Manges LLP announced today that Robert Stern has joined the Firm as a partner in the Securities Litigation practice, based in Weil’s Washington, D.C. office. *** Rob joins Weil from the Washington, D.C. office of Orrick Herrington & Sutcliffe LLP, where he was a partner and previously served as Chair […]
Former 21st Century Fox Deputy General Counsel and Assistant United States Attorney Brian R. Michael Joins Morrison Foerster in Los Angeles | Morrison Foerster
Morrison Foerster, a leading global law firm, is pleased to announce the arrival of Brian R. Michael as a partner in the firm’s Securities Litigation, Enforcement, and White Collar Defense Group, based in Los Angeles. Michael brings more than two decades of high-profile experience in-house, in private practice, and as a federal prosecutor in the […]
SEC Gag Orders are Against Public Policy
Summary of the Argument The SEC’s prohibition against settling defendants criticizing the SEC’s unproven allegations raises important First Amendment and Due Process Clause issues, as noted by the Petitioner. Amici raise a complementary consideration warranting review: there is no compelling public policy reason to enforce SEC “gag orders” against defendants who settle with the SEC. […]
NFT Sales Are Flatlining – WSJ
The NFT market is collapsing. The sale of nonfungible tokens, or NFTs, fell to a daily average of about 19,000 this week, a 92% decline from a peak of about 225,000 in September, according to the data website NonFungible. The number of active wallets in the NFT market fell 88% to about 14,000 last week […]
SEC Flags Deficiencies in Investment Adviser MNPI Compliance Practices | Morrison Foerster
Investment advisers—both registered and unregistered—should take stock and be mindful of all potential points of access they have to MNPI. The SEC will be looking closely at policies and practices concerning: Due diligence surrounding providers of alt data. Identifying and tracking relationships with clients and corporate executives or financial professional investors who may have MNPI. […]
SEC Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit
The Securities and Exchange Commission today announced the allocation of 20 additional positions to the unit responsible for protecting investors in crypto markets and from cyber-related threats. The newly renamed Crypto Assets and Cyber Unit (formerly known as the Cyber Unit) in the Division of Enforcement will grow to 50 dedicated positions. “The U.S. has […]