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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInFraud Economy: How Current Economic Trends Lead to More Corporate Scams
This is what happens when cash is harder to find — say, after a sustained decline in the stock market or an enormous increase in the cost of borrowing money. First, there is what Bank of America called “corporate misery” as forward-looking numbers come in lower than projected. (That’s already happening.) Then that misery finds […]
US Regulators Set Crypto Enforcement Records in 2022 | Solidus Labs
2022 was a rocky year for cryptocurrency. Prices crashed, Terra collapsed, FTX went bankrupt, and – Solidus research now shows – regulators engaged in more crypto-related enforcement than in any other year in the industry’s history. In 2022, the four main federal regulators with authority over cryptocurrency – the Securities and Exchange Commission (SEC), the […]
SEC Cares About Climate Reporting, Not Behavior, Official Says
The SEC is uninterested in changing how companies address climate change, except when it comes to their disclosures, a senior agency official said Tuesday. The Securities and Exchange Commission is agnostic to companies’ environmental behavior as it finalizes rules that would require companies to report on their greenhouse gas emissions and make other climate disclosures, […]
SEC Mango Markets Crypto Suit Zeroes in on Governance Tokens
The SEC has set sights on its next crypto enforcement target—”governance token.” The agency’s Jan. 20 lawsuit accuses a trader of violating federal securities laws by manipulating the price of Mango Markets’ governance token, MNGO. Such tokens, which have become increasingly popular, give the holder the right to vote on changes to a blockchain organization […]
With Its Adani Report, Hindenburg Is the Latest Short-Selling Villain – Bloomberg
It’s not easy being a short-seller. The odds are stacked against you from the outset. Stocks tend to climb over time, so unlike peers who buy stocks before they sell, you don’t have the tailwind of a rising market. Then you have to navigate a tricky risk-management dynamic: When you’re right, your stocks go down but […]
Crypto market could be thrown into flux by SEC legal case
While the lawsuits may seem rather routine to an outside observer, the SEC’s case, specifically, could have a profound and even crippling effect on a $1 trillion global crypto market. What makes the case remarkable is the fact that the crypto market is and remains outside of the SEC’s legal purview—the agency does not currently […]
Perella London Banker Suspected in Insider Probe Dies by Suicide – Bloomberg
A London-based Perella Weinberg Partners banker died by suicide in the days after the firm’s UK headquarters were searched as part of a German investigation into insider trading, people familiar with the matter said. The deceased banker was one of the suspects in the probe, the people said, asking not to be identified discussing sensitive […]