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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC Awards More Than $16 Million to Two Whistleblowers
The Securities and Exchange Commission today announced awards of more than $16 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action. The first whistleblower prompted the opening of the investigation and provided information on difficult-to-detect violations. This whistleblower also identified key witnesses and provided critical information, which helped staff […]
Crypto and the US Government Are Headed for a Decisive Showdown | WIRED
“The regulatory landscape in the US is nebulous at best,” says Brandon Neal, the chief operating officer of Euler, a decentralized finance project. “It not only creates a lot of confusion in the industry and the public, but I think it potentially stifles innovation.” To many securities law experts, however, there’s nothing nebulous about it. […]
Nasdaq’s rule on board diversity is a good first step, not a gold standard | Fortune
Nasdaq’s Board Diversity Rule goes into effect this month. Corporations listed on the U.S. exchange will be required to disclose the ethnic and gender makeup of their boards. Companies will have one year from the time of submission to provide an explanation as to why they do not have at least two diverse board members […]
Treasury sanctions crypto program that helped North Koreans launder funds – The Washington Post
The Treasury Department issued sanctions Monday against a cryptocurrency service that has allowed North Korean hackers and others to launder billions of dollars’ worth of digital tokens stolen in virtual heists. The service, Tornado Cash, is what is known as a mixer, and it pools digital assets to obscure their ownership. Since its launch in […]
Zeroing In On The Problem With “ESG” | The D&O Diary
I have long wanted to publish a post entitled “We Need to Stop Talking About ‘ESG’ (Seriously. We Need to Stop.)” I have never had the guts to do it because I would be taking on the entire ESG industrial complex. However, Posner’s article, and the many sources she cites go a long way toward […]
Tesla Hire of Top Securities Lawyer Advances Legal Team Shakeup
Derek Windham joined Tesla last month as a senior director and deputy general counsel for corporate and securities. The position reports to the head of Tesla’s in-house legal team, who in turn reports to the company’s chief executive, Elon Musk. Windham spent the past seven years as a corporate, securities, governance, and finance lawyer at […]
Former Delaware Court of Chancery Vice Chancellor Joseph Slights Joins Wilson Sonsini | Wilson Sonsini
Wilson Sonsini Goodrich & Rosati, the premier provider of legal services to technology, life sciences, and growth enterprises worldwide, announced today that former Vice Chancellor Joseph R. Slights III has joined the firm’s litigation department as a partner in the Wilmington, Delaware, office. He will be a member of Wilson Sonsini’s corporate governance practice. Source: Former […]