Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInETFs NANC KRUZ Tracking US Congress Members Stock Trades Planned – Bloomberg
A pair of exchange-traded funds that would mirror the personal portfolios of members of Congress may be coming soon. The Unusual Whales Subversive Democratic Trading ETF (ticker NANC) and the Unusual Whales Subversive Republican Trading ETF (KRUZ) would analyze the financial disclosure of lawmakers from both parties and their spouses and dependent children to construct […]
SEC Charges Gol Intelligent Airlines, Brazil’s Second Largest Airline, with FCPA Violations
The Securities and Exchange Commission today charged Brazil’s second largest domestic airline, GOL Linhas Aéreas Inteligentes, for violating the Foreign Corrupt Practices Act (FCPA). The São Paulo-based company, also known as Gol Intelligent Airlines, agreed to pay $70 million to settle the SEC charges. According to the SEC’s order, Gol bribed prominent Brazilian government officials […]
Former SEC Ombudsman Misled Congress, Lied to IG, Probe Alleges
The SEC official charged with helping the public navigate the agency’s complex system lied to investigators, added misleading information in reports to Congress, and didn’t log hundreds of entries into the agency’s tip program, according to the summary of an inspector general’s report. The summary, dated August 29, found that the Securities and Exchange Commission’s […]
Justice Department Forms National Network of Prosecutors Focused on Crypto Crime – WSJ
The Justice Department has tapped more than 150 federal prosecutors across the country to bolster law enforcement’s efforts to combat the rise in crime linked to the use of cryptocurrencies such as bitcoin, officials said. The Digital Asset Coordinators Network is intended to designate subject-matter experts in U.S. attorneys’ offices on the complex technical and […]
Ether’s New ‘Staking’ Model Could Draw SEC Attention – WSJ
Ethereum’s big software update on Thursday may have turned the second-largest cryptocurrency into a security in the eyes of a top U.S. regulator. Securities and Exchange Commission Chairman Gary Gensler said Thursday that cryptocurrencies and intermediaries that allow holders to “stake” their coins might pass a key test used by courts to determine whether an […]
Frequently Asked Questions – Newly Added | U.S. Department of the Treasury
1076. What is prohibited as a result of OFAC’s designation of Tornado Cash? On August 8, 2022, OFAC designated the entity Tornado Cash for facilitating the laundering of proceeds of cybercrimes, including those committed by the Lazarus Group, a North Korea state-sponsored hacking group that was sanctioned in 2019. As described in FAQs 561 and […]
Biden’s Executive Order Produces Few Answers in Crypto Reports From US Treasury
Crypto firms have been eagerly awaiting a series of U.S. government reports they hoped would clarify what the Biden administration and regulators intend to do about digital assets. Most of the documents are out now, but the picture remains murky. The reports from the Treasury Department – three of them released Friday – largely recommend […]