Daily Archives: September 5, 2022, 9:01 am

UCLA’s Elon Musk Law School Class

So when I saw that UCLA Law professor Stephen M. Bainbridge was offering a course next year called “Law of Elon Musk,” I reached out to get his thoughts on Musk’s past brushes with courtroom drama and what this may reveal about what’s in store as the Twitter trial nears. We spoke just days before a whistleblower complaint from Twitter’s…

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Congress’ leading crypto skeptic is a Southern California congressman – Los Angeles Times

A growing movement in Congress wants to bring more regulation to the nearly $2-trillion crypto industry, which is currently overseen by a patchwork of state laws and federal agencies. Sherman, however, doesn’t just want to regulate cryptocurrencies, he wants them outlawed. “I don’t think we’re going to get [to a ban] anytime soon,” Sherman told The Times, noting that the…

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Is the SEC Moving Beyond Disclosure? | The Regulatory Review

The SEC’s proposed rules would prevent investors and advisors from entering into certain arrangements when creating a private investment fund—a subset of funds that exist outside of most current SEC regulation under the Investment Company Act of 1940. For example, the rules would ban certain fee arrangements, agreements to limit liability for advisor services, and loans from private fund clients.…

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SEC Charges Former Rail Freight Trader with Accounting Fraud

The Securities and Exchange Commission today charged David Pope, a rail freight trader formerly employed by agricultural cooperative CHS Inc., for manipulating the values and quantities of certain of the company’s rail freight contracts. In December 2018, CHS restated its publicly filed financial statements from 2014 through 2018 to correct errors caused by Pope. As alleged by the SEC, Pope…

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Hacker Steals Bill Murray’s Crypto After $185K NFT Charity Auction

Hours after the closing of Bill Murray’s NFT auction that raised 119.2 ETH (around $185,000) for charity Thursday, a hacker stole the funds. The hacker started to drain Murray’s personal wallet at around 7:00 p.m. ET on Thursday, according to on-chain data from Etherscan and details from Murray’s team. The unknown individual also attempted to take non-fungible tokens from the…

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