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If I were a young person looking for a place to start a career in finance, one niche that I might consider is ESG Consultant But Evil. A lot of big companies and investors these days are looking for ways to improve their environmental, social and governance ratings, and a lot of them will go […]
The Securities and Exchange Commission today announced that it filed 760 total enforcement actions in fiscal year 2022, a 9 percent increase over the prior year. These included 462 new, or “stand alone,” enforcement actions, a 6.5 percent increase over fiscal year 2021; 129 actions against issuers who were allegedly delinquent in making required filings […]
DLA Piper continues the expansion of its West Coast litigation practice with the addition of partners John “Jake” Loftus and Christine Ellice in Los Angeles. Loftus and Ellice bring extensive experience to DLA Piper in financial services litigation matters involving equities, bonds, mutual funds and countless other investment products, as well as representing underwriters in securities class actions. Source: […]
WilmerHale is pleased to announce that Joseph K. Brenner, former Chief Counsel of the Securities and Exchange Commission’s Division of Enforcement, has rejoined the firm as senior counsel in its Securities and Financial Services Department. Source: Joseph K. Brenner, Former SEC Enforcement Division Chief Counsel, Rejoins WilmerHale | WilmerHale
Rejection of the Fair Notice Defense. Judge Barbadoro resoundingly rejected LBRY’s complaint that the SEC had not provided adequate notice that (at least certain) tokens are securities. He found that the SEC’s claims were based on a “straightforward application of a venerable Supreme Court precedent that has been applied by hundreds of federal courts across […]
But the attacks on Gensler have been met with intense pushback from other industry observers who stress a different argument: The FTX crash actually proves that Gensler’s approach to crypto was correct. By embracing what the crypto industry denounced as unreasonable and rigid policies, Gensler actually minimized the harm the FTX meltdown had on U.S. […]
…. On Twitter, people are calling [Bankman-Fried] the “millennial Madoff,” comparing him to one of the world’s most notorious fraudsters. (He has not yet been charged with any crimes.) Dr. Lerner — who is not bound by doctor-patient confidentiality in his capacity as a coach at FTX, as he is in his role as psychiatrist […]
The U.S. bankruptcy system will hash out the largest-ever collapse of a cryptocurrency exchange through a legal process that has barely begun to answer how holders of digital currencies will fare in an insolvency. Bankruptcy courts haven’t had the chance to decide complex legal questions around crypto ownership when an exchange or lender goes bust. […]
Cementing its leadership position in securities enforcement defense, global litigation powerhouse Quinn Emanuel Urquhart & Sullivan LLP today announced that C. Dabney O’Riordan has joined the firm as a partner, resident in the Firm’s Los Angeles and Washington, D.C. offices. O’Riordan joins Quinn Emanuel from the U.S. Securities and Exchange Commission (SEC), where she led […]