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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInGensler Is Getting SEC Staff Back to The Office — But Not That Often
Many Wall Street workers have been back in the office for at least a year. Now, the industry’s main regulator is (finally) following suit. The SEC’s rank and file workers are due back on March 27. But don’t expect a full house at the Washington headquarters, or any of the agency’s 11 regional offices either…. […]
Slam Dunks Might Be Securities – Bloomberg
This is not a definitive ruling that these NFTs are securities — it is just a preliminary stage of the case — and it is certainly not a ruling that all NFTs are securities; the control that Dapper has over the investment here seems important. Also this is a case brought by private plaintiffs who bought Top […]
Elon Musk Trial Win a ‘Non Sequitur’ in Twitter Sitter Case, SEC Says – Bloomberg
Musk’s lawyer argued to the appeals court that the San Francisco verdict confirms that Musk’s tweets didn’t violate securities laws. Investors had sued Musk over the “funding secured” tweet, claiming he defrauded them. A federal jury took just two hours to clear him, sending shares of the electric car maker surging. That verdict is irrelevant, […]
SEC Insider Trading Trial Loss Over Gartner Deal Overturned
The SEC convinced an appeals court that jurors should’ve had a chance to decide whether a Virginia mortgage broker traded on inside information regarding a Gartner acquisition, unwinding a rare agency loss in an insider trading case. Based on evidence the Securities and Exchange Commission presented during a 2021 trial, jurors could have reasonably concluded […]
Sam Bankman-Fried hit with fresh indictment, more charges | Fox Business
Sam Bankman-Fried is facing more federal charges after the U.S. Attorney’s Office for the Southern District of New York filed a superseding indictment unsealed Thursday that could mean decades more prison time for the FTX founder if he is found guilty. The new indictment — which is the third from the SDNY and replaces the […]
A. Valerie Mirko Joins Armstrong Teasdale in Washington, D.C.
Armstrong Teasdale announces the addition of Partner A. Valerie Mirko to the firm’s Washington, D.C., office. She joins a roster of more than 750 lawyers and staff professionals across Armstrong Teasdale’s 17 offices internationally. Mirko joins the firm as co-leader of the Securities Regulation and Litigation practice area and represents broker-dealers, asset managers — including […]