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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInAfter a Crazy Week in Crypto, Investors Wonder What’s Next – WSJ
“It sucks right now,” said Jeff Dorman, chief investment officer at Arca, a digital-asset investment firm. “Companies are laying people off, activity is down, crypto is back to being the laughingstock of Wall Street.” Source: After a Crazy Week in Crypto, Investors Wonder What’s Next – WSJ
Rare Jury Verdict in Securities Fraud Lawsuit | The D&O Diary
Regular readers of this blog know that class action securities fraud lawsuits almost never go to trial. But “almost never” is not the same as “never.” Every now and then, there is an unusual case that does go to trial. This past week, a federal court jury reached a verdict in one of those rare […]
Statement on Senate Confirmation of Jaime Lizárraga and Mark Uyeda
We congratulate Jaime Lizárraga and Mark Uyeda on their successful Senate confirmations to serve as Commissioners. On behalf of the entire agency, we would like to welcome them both back to the Securities and Exchange Commission. We look forward to their many contributions to the agency and our work on behalf of the American public. […]
FBI says fraud on LinkedIn a ‘significant threat’ to platform and consumers
The scheme works like this: A fraudster posing as a professional creates a fake profile and reaches out to a LinkedIn user. The scammer starts with small talk over LinkedIn messaging, and eventually offers to help the victim make money through a crypto investment. Victims interviewed by CNBC say since LinkedIn is a trusted platform […]
What’s “Controversial” About ESG? A Theory of Compelled Commercial Speech under the First Amendment
The SEC’s proposed climate disclosure rules create an opportunity to reflect on the limits that the First Amendment places upon securities regulation. As regular readers of this blog know, the SEC has proposed rules to make companies disclose their “climate risks” along with their greenhouse gas (“GHG”) emissions and certain climate-related financial metrics. Unlike existing […]
Crypto Hedge Fund Three Arrows Capital Considers Asset Sales, Bailout – WSJ
Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for its investors and lenders, after suffering heavy losses from a broad market selloff in digital assets, the firm’s founders said on Friday. “We have always been believers in crypto and we still are,” Kyle Davies, […]