Daily Archives: August 22, 2022, 1:57 pm

Former US Attorney Kurt Erskine Joins Polsinelli’s Atlanta Office in the Government Investigations Group

AmLaw 100 firm Polsinelli welcomes Kurt Erskine as a Shareholder in the Atlanta office.  Erskine joins the firm’s Government Investigations Group.  Prior to joining Polsinelli, Kurt served as the United States Attorney for the Northern District of Georgia where he oversaw the investigation and litigation of all criminal and civil cases brought in the district on behalf of the United…

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Former SEC Regional Director Kurt Gottschall Joins Haynes Boone

Kurt Gottschall, the former Director of the Denver Regional Office of the Securities and Exchange Commission, has joined Haynes and Boone, LLP’s Denver Office as a partner in the firm’s SEC Enforcement, Government Enforcement and Litigation, and U.S. Criminal Investigations and Prosecutions Practices. Source: Former SEC Regional Director Kurt Gottschall Joins Haynes Boone | News | Haynes and Boone, LLP

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Gary Gensler’s gross SEC overreach | Fox Business

Since Howey, Congress has failed to pass any new legislation that would directly involve the regulation of crypto. This should mean that it’s Congress’s intent that crypto’s de facto regulator is the CFTC, which has chosen a lighter touch because it fears stifling an emerging technology that blockchain and their digital assets represent. Yet Gensler has used this perceived lack of…

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Finra proposes 3-year pilot program for remote office inspections

The Financial Industry Regulatory Authority Inc. filed a proposal last Friday with the Securities and Exchange Commission that would establish a three-year voluntary pilot program for financial firms that want to continue remote inspections of branch offices and other locations. The pilot program effectively would extend the online supervision that Finra has allowed since November 2020 in response to the…

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OFAC Around and Find Out – Lawfare

The cryptocurrency space has long hoped to emulate the business model of Uber: ignore the regulations until you can grow too big to regulate, a technique called “regulatory escape velocity.” With Uber, the primary tool was simply violating taxi regulations among thousands of independent municipalities and daring the local regulators to do something. With cryptocurrency, the common excuse is to…

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The Sleuths Who Protect Crypto From Hackers Are Raking in Money – Bloomberg

With criminals including North Korean hackers increasingly targeting the sprawling software infrastructure underpinning the cryptosphere, firms that sift through code for weaknesses and run bug-hunting sites are finding themselves with more business than they can handle. As mass firings become the norm elsewhere in crypto, they’re boosting hiring, raising prices and taking in fresh funding. Their rising fortunes underscore how…

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Online Lottery Company Hit with First SPAC-Related Securities Suit Filing Since May | The D&O Diary

Although the filing of SPAC-related securities lawsuits has been one of the important securities litigation stories so far this year, the filing this past week of yet another SPAC-related securities suit did highlight the fact that it is the first SPAC-related securities suit to be filed since late May. As discussed further below, there may be some reasons for this…

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Why Monique Winkler Is the Latest in a String of Enforcement Lawyers to Lead the SEC’s SF Regional Office | Law.com

The way work flows from the regional offices to the commission could also be a reason most regional directors come from the enforcement side. Jerry Hodgkins, a Covington & Burling partner and former associate director for the SEC’s enforcement division, said regional office enforcement staff can get almost weekly interaction with the commission. “Enforcement actions that are recommended by the…

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