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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInClass-Action Wave Is Coming for ESG Claims: Green Insight – Bloomberg
Lawyers are bracing for an increase in ESG-related cases as corporate disclosure requirements stiffen around the world. A survey by the law firm Norton Rose Fulbright found that 28% of more than 430 general counsel and in-house litigation leaders said their so-called ESG dispute exposure increased in 2022, and 24% expect it to deepen over […]
Silvestre Fontes Named Director of Boston Regional Office
The Securities and Exchange Commission today announced that Silvestre A. Fontes has been named Regional Director of the Boston office, starting next week. John Dugan and Kevin Kelcourse, who have served as Acting Co-Regional Directors, will remain as Associate Regional Directors of the office’s Enforcement and Examinations programs, respectively. Source: SEC.gov | Silvestre Fontes Named […]
Working From Home? Stay Alert to Avoid Insider Trading or Tipping Liability!
Even when surrounded by the ones we love, it is important to keep confidential information away from them. Others may not realize that they should not trade after overhearing interesting comments—or worse, they may try to listen, intending to trade if they learn something exciting. Working from home increases the threat of “inadvertent tipping,” especially […]
Former Georgia Supreme Court Chief Justice David Nahmias will join Jones Day as a partner in Atlanta | Jones Day
David E. Nahmias, the former Chief Justice of the Supreme Court of Georgia, United States Attorney for the Northern District of Georgia, and Deputy Assistant Attorney General for the Criminal Division of the U.S. Department of Justice, will join the Firm as a partner based in the Atlanta Office. He will lead the Investigations & […]
Crypto Exchange Kraken Names New Compliance Chief After Months of Searching – WSJ
Cryptocurrency exchange Kraken said it named CJ Rinaldi as its new chief compliance officer, hiring him from rival Blockchain.com, as it continues to revamp its compliance program after a sanctions violation settlement amid increasing regulatory scrutiny of the crypto sector. Source: Crypto Exchange Kraken Names New Compliance Chief After Months of Searching – WSJ
Greenberg Traurig Adds Veteran Banking Attorney Mark D. Shaffer to its Financial Regulatory & Compliance Practice in New York | Greenberg Traurig LLP
Global law firm Greenberg Traurig, LLP expands its Financial Regulatory & Compliance capabilities with the addition of Mark D. Shaffer as a shareholder in the New York office. He joins from Bank of New York Mellon (BNYM) where he served as chief compliance officer of BNY Trust Company of Canada and BNY Mellon (Toronto Branch), […]
SEC Charges Investment Club Manager for Misappropriating Investor Funds
The Securities and Exchange Commission filed fraud charges against Austin D. Ellison-Meade, alleging that he fraudulently raised millions of dollars from investors in an investment club he managed called Baycap.io. According to the SEC complaint, Meade falsely claimed that Baycap.io’s trading strategy was based on a proprietary algorithm Meade developed that could accurately predict stocks […]
Former SEC Enforcement Lawyer David H. Tutor Joins WilmerHale | WilmerHale
David H. Tutor, a former Senior Counsel at the Securities and Exchange Commission’s Division of Enforcement, has joined WilmerHale as Special Counsel in New York. Source: Former SEC Enforcement Lawyer David H. Tutor Joins WilmerHale | WilmerHale
Insider Trading – 2022 In Review – Shartsis Friese LLP
Insider trading is an area where the SEC’s efforts to use data analytics have really paid off. Over a decade ago the SEC’s Division of Enforcement formed the Analysis and Detection Center within the Division’s Market Abuse Unit’s to use data analysis software to detect suspicious trading patterns. To highlight the group’s work, on July […]
Elon Musk Never Jokes – Bloomberg
What. What. Look, again, my assumption was always that the SEC has a videotape of Musk saying it was a weed joke. Perhaps I am wrong. But what if I’m right! If you are a plaintiffs’ lawyer in this case, you had better be calling the SEC for that videotape. If you are the SEC — and […]