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Join the Securities Litigation and Enforcement Group on LinkedInJones Day welcomes Alexander Wilson to Investigations & White Collar Defense Practice as partner in New York | News | Jones Day
Alexander J. Wilson, former Chief of the Money Laundering & Transnational Criminal Enterprises Unit in the U.S. Attorney’s Office for the Southern District of New York, has joined Jones Day as a partner in the Investigations & White Collar Defense Practice. Mr. Wilson will be based in the New York Office. Source: Jones Day welcomes […]
Gary Gensler the Righteous Man – Nelson Mullins
Samuel L. Jackson’s character Jules Winnfield in the Quentin Tarantino classic, Pulp Fiction, famously described himself as the “righteous man.” SEC Chairman Gensler is viewed by some as the FinTech version of the righteous man. In a recent speech, Gensler quoted the first Chairman of the SEC, Joseph Kennedy who noted: “No honest business need […]
Spare a thought for Kim Kardashian | Financial Times
An unusual sequence of words popped into my mind this week: poor Kim Kardashian. At the risk of losing you before I’ve begun, I would like to ask that you spare a thought for a woman who is mainly famous for being famous (and for being rich). It has emerged that this week Kardashian settled […]
US Crypto Legislation Stalls in Congress, Dashing Hopes for Regulatory Clarity – Bloomberg
US lawmakers’ efforts to pass significant crypto legislation by the end of the year are on life support, leaving in place Washington’s scattershot approach to digital coins. Several high-profile, bipartisan bills that once seemed to have a promising shot of passing before the end of 2022 are held up, with congressional committees pushing off important […]
The IPO Bust Blew a $575 Million Hole in Law Firm Revenue
A total of 724 US companies paid their lawyers $640 million for work on IPO registrations in the first three quarters of last year, according to data compiled by Bloomberg and an analysis by Bloomberg Law. The drop-off this year is eye-watering: A mere 66 companies reported paying their lawyers $64 million. That’s $575 million […]
The Stock Market Made Nancy Pelosi Rich. Now, She Wants To Ban Her Colleagues From Trading.
House Speaker Nancy Pelosi (D., Calif.) has seen her net worth increase by $140 million since the 2008 financial crisis thanks in no small part to her husband’s fortuitous trades in companies she has worked to subsidize. Now, she’s trying to pull up the ladder behind her: In what may be her final months as […]
SEC staffers fuming over Gensler self-promotion on Kardashian case
Enforcement staffers, however, say the unveiling of the Kardashian case is a perfect example of Gensler’s limelight-seeking ways. There was no press conference with Gensler surrounded by the lawyers who worked the case. The press release and documents on the settlement were released on the SEC’s website on Monday at 7:30 am EDT; Gensler tweeted […]
US CFTC as Crypto’s Regulatory Savior? Crypto Firms Might Not Like What They Get | Nasdaq
But Behnam is a federal regulator installed by the same president that picked Securities and Exchange Commission (SEC) chief Gary Gensler, who is held up by the crypto industry as its governmental antagonist. Gensler’s SEC is often accused of regulating crypto through enforcement actions, and it’s showing signs that it only intends to speed up […]
The Inverse Cramer ETF might soon be a thing | Financial Times
Need a hedge against Jim Cramer? Going by the SEC filing that landed on Wednesday evening, it might soon be possible. Tuttle Capital Management has filed to launch two exchange traded funds that trade on the stock tips of the CNBC personality and Alphaville reader, one that goes long and one that goes short. The […]