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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInMore on SEC, Auditors, and Fraud Risk – Radical Compliance
Let’s state that again more simply. Munter is telling people that even small amounts of fraud that are immaterial in dollar terms could still be material issues that investors would want to know about, because the fraudulent transactions suggest deeper problems in the company’s system of internal controls. So auditors should be more diligent in […]
Matthew B. Kulkin, Former CFTC Official and Futures and Derivatives Law Leader, Joins WilmerHale
Financial Services Securities Enforcement Securities Litigation WilmerHale is pleased to announce that Matthew B. Kulkin, a former Commodity Futures Trading Commission official, has joined the firm as a partner and member of its industry-leading Securities and Financial Services group. He will lead the firm’s futures and derivatives practice. Source: Matthew B. Kulkin, Former CFTC Official […]
Coinbase Threatens to Sue Crypto Traders Who Profited From Pricing Glitch
Coinbase, the world’s second-largest cryptocurrency trading platform by volume, is hinting it may sue about 1,000 users in the republic of Georgia for taking advantage of a pricing glitch. On Aug. 29, about 1,000 Coinbase users in the country straddling Europe and Asia exploited the “arbitrage opportunity” when the lari, the local currency, was priced […]
FTX, CEO Sam Bankman-Fried investigated by Texas securities regulator – The Washington Post
Texas’s securities regulator is investigating crypto trading platform FTX and its billionaire founder, Sam Bankman-Fried, for selling an investment product that potentially violated state law. The probe, announced in a Friday filing by Texas State Securities Board enforcement director Joe Rotunda, centers on whether FTX has been illegally offering Texans accounts that pay interest on […]
Every Buck You Lend, Every Text You Send, the SEC’ll Be Watching You
Take one look at your phone and count how many different message apps you have. WhatsApp, Facebook Messenger, Snapchat, Telegram, Signal, iMessage. Those are just some of the most popular messaging applications available right now and chances are you have more than one of those on your phone right now. If you are in the […]
Elizabeth Holmes bids for new trial as ex-Theranos aide stands by testimony
A key witness in a trial that led to the conviction of disgraced Theranos CEO Elizabeth Holmes adamantly stood by his testimony during an unusual court appearance Monday. The prosecution witness, former Theranos lab director Adam Rosendorff, made a remorseful appearance at Holmes’ Silicon Valley home after the trial, raising questions about potential misconduct. *** Monday’s hearing […]
DAOs Aren’t People, Crypto Lawyers Tell Court in CFTC’s Ooki Case
Decentralized autonomous organizations (DAOs), collectives that typically govern activities by voting through the use of crypto tokens, are not people and should not be treated as such, a group of lawyers and developers told a California court Monday. LeXpunK Army, a group that received permission to file an amicus – or friend of the court […]