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Join the Securities Litigation and Enforcement Group on LinkedInBrazil Gets Crypto-Dedicated Investigation Unit to Expedite Probes, Stir Awareness | Technology News
Brazil is taking active measures to ensure that crypto-related crimes in the nation are tackled with dedicated precision. The public prosecution office of Brazil’s central-western Federal District is behind the launch of this cryptocurrency investigation unit. The newly formed wing will also contribute in driving education and awareness around the crypto sector in the nation. […]
Statement on Decision in Jury Trial of Bradley C. Davis
After a six day trial, a jury in the Central District of California found Bradley C. Davis, a former Vice President of Nordson Corporation, liable for insider trading in Nordson stock and options contracts. Source: SEC.gov | Statement on Decision in Jury Trial of Bradley C. Davis
Wave of SPAC Deals Canceled in Latest Blow to Stumbling Industry – Bloomberg
A flurry of blank check mergers were called off over the past 24 hours as target firms and SPAC sponsors deal with market turmoil that has shaken the industry and capital markets. At least four special-purpose acquisition company tie-ups have been called off since the end of Thursday’s trading, bringing the year’s total to 30 […]
Trump Social Media Company Receives Grand Jury Subpoena – Bloomberg
A federal grand jury is seeking information from Trump Media & Technology Group about its planned merger with Digital World Acquisition Corp., according to a filing from the blank-check firm. Digital World said that it found out Thursday that the panel in the Southern District of New York had demanded TMTG turn over documents related […]
UK regulator appoints new digital assets director to oversee crypto
The UK’s Financial Conduct Authority (FCA) has appointed the director of the multi-agency National Economic Crime Command (NECC) as its new director of payments and digital assets. The regulator announced the appointment of Matthew Long in a release on Tuesday, amid a raft of other senior moves. The role is newly-created and will oversee e-money, payment […]
The SEC Expects You To Read This… : TheCorporateCounsel.net Blog
Specifically, the SEC order emphasized that company lawyers had received several “general client bulletins, legal alerts, and case summaries” about the Commission’s 21F-17 enforcement activity. In addition, the company’s regular outside employment counsel attached an alert as a “client memo” to an email they sent to the General Counsel and other lawyers involved with the […]
Bank of England Committee Calls for Enhanced Crypto Regulation to Limit Contagion
The Bank of England’s Financial Policy Committee called for “enhanced regulation” of the crypto asset market to mitigate against potential risks. Noting recent market turmoil, the committee said crypto assets did not yet pose a threat to the wider financial system. They might, however, in the future as they become more integrated into mainstream finance, […]
Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals – WSJ
The platform, Vauld, said Monday that it froze the operations after users pulled almost $200 million over the last three weeks. A sharp decline in cryptocurrency prices that began with the collapse of two cryptocurrencies in May has spooked traders and caused knock-on effects in the digital asset world. Crypto broker Voyager Digital temporarily suspended trading, […]