Subscribe

Join Us On LinkedIn

Brijesh Goel had made it from investment banker to a principal at Apollo Global Management when he was arrested for allegedly passing deal tips during his time at Goldman Sachs Group Inc. For now, prosecutors claim he made $85,000 from the scheme. It’s a staggeringly low number for a banker with Goel’s potential: A vice […]
I know it’s conventional wisdom that he wants to back out of the deal; Twitter, he says, is hiding the football on the number of fake accounts and those annoying bots. But as we’ve reported before, bankers who know him are dubious that he really wants to call it quits. They say he just wants […]
Inflicting billions of dollars in losses is a great way to lose sympathy among politicians. Time has run out: It’s too late for the crypto industry to get the kind of regulation it’s been pushing for. The crypto winter arrived before any new laws could be written, and has changed the whole tone of the […]
Walmart Inc. said it hired Justice Department ex-acting chief of fraud Joe Beemsterboer as vice president for government enforcement and legal investigations. Beemsterboer spent more than 12 years at Justice’s fraud section, including a year as acting chief, before leaving last month. He led the health care fraud unit for three years prior to taking […]
Amid renewed chatter about the importance of cracking down on legislators’ stock trades, high-ranking staffers tell The Post the likelihood Congress will actually regulate itself is so low, it’s laughable. “You’re not getting members of Congress to self-regulate the money they can or can’t make,” a DC insider told The Post. “Why would they do […]
The significance of the Jarkesy decision cannot be overstated, and for that reason the SEC on July 1 asked the full Fifth Circuit to reconsider the ruling. Depending on the outcome of the petition, the commission could also seek US Supreme Court review. If the Jarkesy decision stands, it could lead to fundamental changes in […]
According to the latest statistics from SPACInsider, there are currently over 580 SPACs seeking merger partners. Financial media reports have already speculated that many of the searching SPACs may not find a suitable merger partner within the applicable search period. One concern from this combination of circumstances is that some SPACs may feel pressure to […]
Commodity Futures Trading Commission (CFTC) Commissioner Goldsmith Romero announced today that Joseph R. Cisewski will serve as her Chief of Staff and Senior Counsel. *** Prior to joining Commissioner Goldsmith Romero’s office, Joe spent approximately 14 years in public service and public interest roles, including in legal roles at the CFTC and Securities and Exchange […]
And in the months leading up to the petition, executives had been howling for more explicit SEC guidance, with the threat looming that the federal government would conclude much of the industry amounted to trafficking unregistered securities. ”That’s the Sword of Damocles over this trillion dollar industry,” said Jay Verret, professor of law at George […]
A U.S. bill to boost computer chip manufacturing that’s heading to President Joe Biden’s desk will also establish a crypto advisory role inside his administration. The bipartisan legislation, which cleared both chambers of Congress after a House vote on Thursday, will establish a new adviser on blockchain and cryptocurrency issues who will work in the […]