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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInIn the Shadow of Lucia: The Uncertain Future of SEC Administrative Proceedings | Arnold & Porter
Will the combination of Cochran and Jarkesy lead the SEC to enter into more settlements in pending investigations or administrative proceedings? If the SEC faces a large percentage of respondents in administrative proceedings asking for injunctions from federal district courts, this could create a logistical nuisance, if not a nightmare, for the Commission. Despite the […]
Small Businesses Plead With SEC to Show Restraint on Climate Rules – WSJ
Farms, independent manufacturers and other small businesses that don’t trade on stock exchanges normally don’t fall within the SEC’s purview; the agency regulates public companies and some other market participants. But small firms fear they will be forced to cough up heaps of information on their roles, however small, in emitting carbon because the SEC […]
The Fire Burning Beneath Crypto’s Meltdown – WSJ
The appeal of gold today is that it acts as a haven in bad times, and typically acts as a partial hedge against inflation. Bitcoin holders have discovered that not only is it not a hedge against inflation, it isn’t a haven either. Its price tends to move in line with risky assets, not safe […]
Glencore Subsidiary Pleads Guilty to Bribery Charges in U.K. – WSJ
The subsidiary, Glencore Energy (UK) Ltd., admitted to paying more than $28 million in bribes to secure access to oil across its operations in five African countries—Nigeria, Cameroon, Ivory Coast, Equatorial Guinea and South Sudan—according to an indictment filed in London’s Southwark Crown Court. The financial penalty the company will pay in the U.K. will […]
Do Kwon’s Crypto Empire Fell in a $40 Billion Crash. He’s Got a New Coin for You. – WSJ
So far it hasn’t gone well: The new Luna began trading at $18.87 on May 28, tumbled right away and was recently trading at $1.97, according to data provider CoinGecko. “I don’t understand why anybody in their right mind would want to invest in Luna 2 after watching Luna 1 blow up so dramatically,” said […]
Brinks fined $400K over restrictive whistleblower language in contracts | Compliance Week
Brinks, without admitting or denying the agency’s findings, reached agreement with the SEC on Wednesday to settle charges that the confidentiality and nondisclosure agreements it required new employees to sign contained clauses that prohibited workers from disclosing confidential financial information to third parties without the company’s consent. The agreements contained language that threatened current and […]
Former Head of Corporate Communications of $21 Billion Biopharmaceutical Company Admits Insider Trading | USAO-NJ | Department of Justice
Malik was among the first, and one of the few, employees who received the material non-public information about the breast cancer drug before the public announcement. Within minutes of obtaining that information, Malik passed it along to Wood, who lived with Malik at the time and was formerly employed by the same company. Before April […]