Daily Archives: December 8, 2022, 9:23 am

DOJ’s Chief of Litigation for Criminal Fraud Section Joins Squire Patton Boggs | Squire Patton Boggs

Jerrob Duffy has joined the Government Investigations & White Collar (GIWC) practice at global law firm Squire Patton Boggs as partner following a 20 year career at the Department of Justice, where he most recently served as Chief of the Litigation Unit in the Criminal Division’s Fraud Section. Source: DOJ’s Chief of Litigation for Criminal Fraud Section Joins Squire Patton…

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WilmerHale hires ex-financial watchdog for London white-collar practice | Reuters

Wilmer Cutler Pickering Hale and Dorr said Wednesday that it has hired a former UK financial regulator as a partner in London, extending a string of hires by law firms adding regulatory enforcement experience on both sides of the Atlantic. Richard Burger joins Wilmer’s white-collar defense practice from UK-based global law firm DWF, where he co-led the corporate investigations team,…

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FTX Founder Sam Bankman-Fried Faces Market Manipulation Inquiry – The New York Times

Federal prosecutors are investigating whether FTX’s founder, Sam Bankman-Fried, manipulated the market for two cryptocurrencies this past spring, leading to their collapse and creating a domino effect that eventually caused the implosion of his own cryptocurrency exchange last month, according to two people with knowledge of the matter. U.S. prosecutors in Manhattan are examining the possibility that Mr. Bankman-Fried steered…

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SEC Faces Calls to Boost Crypto-Exchange Enforcement After FTX Collapse – WSJ

The SEC has said many cryptocurrencies qualify as securities that should have been sold under rules for stocks and bonds. SEC Chair Gary Gensler has said exchanges are breaking the law by selling those unregistered securities and not following rules that the Nasdaq Stock Market and the New York Stock Exchange observe. Some lawyers say that despite such assertions, the…

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FTX Hires Forensic Team to Probe Money Trail

FTX’s new management has hired a team of forensic investigators from advisory firm AlixPartners to help track the billions of dollars that have gone missing from the failed cryptocurrency exchange, people familiar with the matter said. The AlixPartners team is led by Matt Jacques, a former chief accountant for the Securities and Exchange Commission’s enforcement division, people familiar with the…

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SEC’s Emily Pierce Joins Persefoni – Persefoni

Persefoni, a global leader in climate data disclosure and management, today announces that Emily Pierce has joined the company as Associate General Counsel and VP of Global Regulatory Climate Disclosure. Emily will help Persefoni customers and partners respond to rapidly evolving global climate disclosure regulations to ensure they not only remain compliant but also adopt best practices when measuring, managing, and reporting…

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Gensler Says SEC Is Fine Going After Crypto With Its Current Authority

U.S. Securities and Exchange Commission Chairman Gary Gensler isn’t waiting for new powers from Congress to enforce securities laws against crypto companies, though he said Wednesday it would be good to have more money and additional reach beyond U.S. borders. Gensler, who declined to specifically talk about failed crypto exchange FTX and its former CEO, Sam Bankman-Fried, said in an…

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Senate Committee to Subpoena FTX’s Sam Bankman-Fried If He Does Not Testify Voluntarily

The Senate Banking Committee wants Sam Bankman-Fried to appear before it next week in person to discuss the collapse of FTX, and will subpoena him if he does not appear voluntarily, a letter from its leaders said Wednesday. Senators Sherrod Brown (D-Ohio) and Pat Toomey (R-Pa.), respectively the chair and ranking member of the committee, wrote a public letter to…

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