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Join the Securities Litigation and Enforcement Group on LinkedInAn SEC Enforcement Program For Policing WEB3 – The FinReg Blog
The expanded Crypto Assets and Cyber Unit will leverage the agency’s expertise to ensure investors are protected in the crypto markets, with a focus on investigating securities law violations related to: Crypto asset offerings; Crypto asset exchanges; Crypto asset lending and staking products; Decentralized finance (“DeFi”) platforms; Non-fungible tokens (“NFTs”); and Stablecoins. This Web3 regulatory […]
SEC Charges VMware with Misleading Investors by Obscuring Financial Performance
The Securities and Exchange Commission today charged VMware Inc. for misleading investors about its order backlog management practices, which enabled the Palo Alto, California-based technology company to push revenue into future quarters by delaying product deliveries to customers, concealing the company’s slowing performance relative to its projections. The SEC’s order finds that, beginning in fiscal […]
Tippee Pleads Guilty In First Ever Cryptocurrency Insider Trading Case | USAO-SDNY
Damian Williams, the United States Attorney for the Southern District of New York, announced today that NIKHIL WAHI, the brother of a former product manager at Coinbase Global, Inc. (“Coinbase”), pled guilty to one count of conspiracy to commit wire fraud in connection with a scheme to commit insider trading in cryptocurrency assets by using […]
Stock Trades Reported by Nearly a Fifth of Congress Show Possible Conflicts – The New York Times
These lawmakers — all of whom defended the transactions as proper — are among 97 current senators or representatives who reported trades by themselves or immediate family members in stocks or other financial assets that intersected with the work of committees on which they serve, according to an extensive analysis of trades from the years […]
Voyager Bankruptcy Auction: Crypto Users Hope Frozen Accounts Get Unlocked – Bloomberg
Customers with their life savings frozen on the insolvent crypto platform Voyager Digital Ltd. are looking to a bankruptcy auction Tuesday for clues on whether or not they’ll finally get their assets back. Voyager users have been unable to access their cryptocurrencies since July 1, when the meltdown in digital assets forced the company to suspend trading, deposits and withdrawals. […]
Twitter v. Musk – Bloomberg
The main point I want to make here is that this is very generalizable. If you know something bad about Twitter, or if you have been reading the merger agreement online and think there’s a clause of the agreement that Musk can use to get out of it, shoot him a tweet. If you’re right, […]
OCC Announces Chief Climate Risk Officer | OCC
The Office of the Comptroller of the Currency (OCC) today announced the appointment of Dr. Yue (Nina) Chen as Chief Climate Risk Officer. Dr. Chen will lead the agency’s climate risk efforts related to supervision, policy, and external engagement. She will oversee the activities of the OCC’s Office of Climate Risk and report directly to […]
The Search for Dirt on the Twitter Whistle-Blower | The New Yorker
As the inquiries proliferated, the group of ex-Stripe employees began to believe, Wasserman told me, “that multiple different sources, multiple different people, multiple different companies, were all basically trying to dig up dirt on Mudge, all seemingly at the same time.” The firms, Provos surmised, were “trying to get information that could further discredit Mudge,” […]