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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInCoinbase just wants the SEC to follow the rule of law
One particular inconsistency Grewal points out is how the Securities and Exchange Commission’s request for crypto exchanges to register as national securities exchanges clashes with Coinbase’s explicit policy of not listing securities: “For there to be no distinction drawn between the products that are securities and the products that aren’t, is effectively saying that we […]
Going Private Again Is All the Rage Among Newly Public Companies – WSJ
A growing number of newly public companies are racing back to private ownership after discovering that an IPO isn’t always all it’s cracked up to be. Of the hundreds of companies that went public in the boom years of 2020 and 2021, 10 have already agreed to sell themselves to private-equity firms, according to Dealogic. […]
How pervasive is corporate fraud? | SpringerLink
We provide a lower-bound estimate of the undetected share of corporate fraud. To identify the hidden part of the “iceberg,” we exploit Arthur Andersen’s demise, which triggered added scrutiny on Arthur Andersen’s former clients and thereby increased the detection likelihood of preexisting frauds. Our evidence suggests that in normal times only one-third of corporate frauds […]