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Join the Securities Litigation and Enforcement Group on LinkedInSenate Republicans want the SEC to explain why staff are quitting | Reuters
Senate Republicans want the SEC to explain why staff are leaving the nation’s corporate watchdog at the highest rate in 10 years amid a flurry of proposed rules, according to a letter seen by Reuters on Sunday. The private letter dated Oct. 27 from Senate Republicans to the chair of the Securities and Exchange Commission, […]
Akrivis Law Group Expands into Miami with Hiring of Walter M. Norkin
Akrivis Law Group, PLLC announced today that it has hired Walter M. Norkin as Head of the firm’s International Defense Practice. Mr. Norkin will also lead Akrivis’ newly opened Miami office. Source: Akrivis Law Group Expands into Miami with Hiring of Walter M. Norkin
Audit Regulator Steps Up Enforcement Under New Leader – WSJ
The U.S. audit regulator is getting tougher on rule-breaking accountants after years of criticism for its alleged light touch. But there are limits to how much it can change. The shift is being led by the new chair of the Public Company Accounting Oversight Board, Erica Williams, who said, “When people cheat, you need to…make […]
Judges keep knocking SEC gag rule but defendants can’t find a way to evade it | Reuters
The Moraes and Novinger cases – along with another recently fizzled challenge to the SEC policy – show why it’s so hard, as a matter of procedure, for judges to impose change on the SEC, even when courts believe the government should not condone a policy that effectively forces defendants to waive their constitutional rights. […]
Wells Fargo Says SEC Is Examining its Hiring Practices
Wells Fargo & Co said on Monday that the U.S. Securities and Exchange Commission has begun investigating its hiring practices, after the Department of Justice had opened a related probe. In its quarterly report filed with the SEC, the fourth-largest U.S. bank said both agencies “have undertaken formal or informal inquiries or investigations regarding the […]
US Tether Bank Fraud Investigation Changes Hands Within the DOJ: Report
A criminal investigation into whether Tether’s executives committed bank fraud in the early days of the stablecoin issuer’s existence has been reassigned after months of stagnation, according to Bloomberg. The Department of Justice’s (DOJ) probe will now be led by U.S. Attorney Damian Williams in the Southern District of New York (SDNY), Bloomberg said, citing […]
Crypto World Speculates About Widening Rally After Dogecoin Jump – Bloomberg
A parabolic surge in meme cryptocurrency Dogecoin over the past week is encouraging speculation that other so-called alternative tokens could also catch a speculative tailwind. The coin represented by an image of a Shiba Inu has climbed to almost 15 US cents from roughly 6 US cents over the period, an advance that in percentage […]
Suits Targeting Firms Seeking to Boost Minorities Highlight ESG Risks | The D&O Diary
As I have previously noted (most recently here), something of an anti-ESG backlash has started to take shape, at least in certain quarters. Legislatures in several states have passed legislation prohibiting state pension funds from investing in ES- focused investments or prohibiting the state from doing business with companies that boycott certain industries. The backlash […]