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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInCoinbase just launched a think tank. Meet the SEC veteran leading it. – Protocol
It was a quirky dig at the SEC. “I’ve decided not to set any curfew for my teenager. I’ll just ground her if she comes home later than I’d like. Regulation by enforcement,” Coinbase chief legal officer Paul Grewal wrote on LinkedIn last week, referencing what his company feels is the SEC’s heavy-handed approach to […]
Popular Bitcoin Astrologer’s Star Falls on Twitter Following $30K in Celsius Payments
Maren Altman, a popular bitcoin and ether-focused astrologist, is suddenly a fallen star among some Twitter critics. A newly surfaced court document shows she received $30,000 in marketing payments from the crypto lender Celsius Network in the months before it declared bankruptcy. Altman’s Twitter critics say she received the money to create favorable content about […]
Nikola Founder Trevor Milton Is Blasted by US as Con Artist – Bloomberg
“Trevor Milton is a con man.” With those words, the US launched its closing statement in Milton’s trial on Thursday, as the government sealed its case against the Nikola Corp. founder it claims defrauded investors with breathless hype about the electric truck maker. “He lied on Twitter, he lied on podcasts, he lied on TV […]
Twitter Seeks Documents Related to Federal Investigation of Elon Musk – Bloomberg
Twitter Inc.’s lawyers tried again last week to learn what Elon Musk had told federal authorities who were investigating his attempt to take the social media company private. Attorneys for Twitter wrote to a Delaware judge on Oct. 6 saying they needed documents about the probes, according to a letter unsealed in court Thursday. Musk […]
Crypto Broker NYDIG Lays Off One-Third of Staff to Narrow Focus – WSJ
NYDIG, the bitcoin trading and banking firm, laid off about a third of its workforce last month, people familiar with the matter said. Company executives informed employees affected by the job cuts, which numbered around 110, on Sept. 22, the people said. Employees were told the firm was seeking to trim expenses and narrow its […]
The SEC’s Administrative Law Judges Under Fire | Woodruff Sawyer
At this moment, it remains unclear whether the SEC will be allowed to continue using the ALJ process. This lack of clarity does not mean that directors, officers, and companies should be any less vigilant when it comes to enforcing things like insider trading policies. Remember: The SEC doesn’t have to get a conviction to […]
US Democrat Senator John Hickenlooper Criticizes Gary Gensler’s Approach to Crypto at SEC
U.S. Senator John Hickenlooper (D-Colo.) has become one of the first Democratic senators to publicly criticize the slow approach to crypto taken by Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC). Hickenlooper said the current lack of a coordinated regulatory framework leads “uneven enforcement” and hinders clear understanding of investor protection in […]
Speech by SEC Commissioner Jaime Lizárraga: Raising the Bar on Diversity, Equity and Inclusion
AMAC, in its report, also cited an eye-opening 2017 statistic from the Government Accountability Office – the auditing arm of Congress: less than 1 percent of global assets under management, then $70 trillion, was managed by women- and minority-owned asset management firms. *** To help move the needle on that 1 percent diversity statistic, we […]
Jamie Dimon Again Slams Crypto, Calls Blockchain ‘Real’
JPMorgan CEO Jamie Dimon surprised no one as he held the stage at an Institute for International Finance (IIF) event, again calling crypto tokens “decentralized Ponzis” even as he praised aspects of blockchain technology. There’s plenty of illicit activity in crypto, said the man whose bank has been fined many billions of dollars for its […]