Daily Archives: September 7, 2022, 8:58 am

Crypto-Destined 401(k) Ditchers Are on Labor Regulators’ Radar

Hemrajani is part of a new generation of retirement investors so committed to the prospect of lavish cryptocurrency returns that they’re willing to venture outside the confines of a workplace plan into the enigmatic and vaguely regulated world of digital IRAs. Federal regulators, though, aren’t giving up without a fight. The US Labor Department has pushed back hard against crypto…

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Securities Association Taps Exchange Lawyer as General Counsel

The Securities Industry and Financial Markets Association has hired former SEC and NYSE veteran Saima Ahmed as general counsel. Ahmed joins the trade association for the US securities industry from NYSE Regulation Inc., the regulatory arm of the Intercontinental Exchange Inc.-owned New York Stock Exchange. She was a senior director and head of the exchange’s market watch and corporate actions…

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Starbucks Execs Hit With Suit Alleging the Company’s DEI Policies Violate Civil Rights Laws | The D&O Diary

The new lawsuit against Starbucks shows that the anti-ESG backlash not limited just to legislation. As the lawsuit shows, the backlash can also take the form of litigation as well. The lawsuit also shows that there not only are advocates that will challenge companies for the lack of ESG initiative, there also are advocates that will challenge companies that are…

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