Daily Archives: March 6, 2023, 9:05 am

DOJ Getting Tougher with Companies on Messaging App Evidence

The Justice Department will dig into the ability of companies to produce employee communications on encrypted messaging apps like Signal and WhatsApp as part of criminal probes. “During the investigation if a company has not produced communications from those third-party messaging applications, our prosecutors will not accept that representation purely at face value,” department Criminal Division chief Kenneth Polite said…

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SEC Targets Lose Defense to Data-Based Insider Trading Probes

An appeals court decision reviving an SEC insider trading case short-circuits what targets of agency probes based on data analysis and other circumstantial evidence hoped was a strike against such moves. A Virginia federal district court had abruptly ended the trial of Christopher Clark, a mortgage broker accused of trading on illicit tips ahead of Gartner Inc.’s 2017 acquisition of…

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Texts From Crypto Giant Binance Reveal Plan to Elude U.S. Authorities – WSJ

Worried about the threat of prosecution, Binance set out on a plan to neutralize U.S. authorities, according to messages and documents from 2018 to 2020 reviewed by The Wall Street Journal as well as interviews with former employees. The strategy centered on building a bare-bones American platform, Binance.US, that would license Binance’s technology and brand but otherwise appear to be…

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Why Would the SEC Want to Read Your Personal Texts? – WSJ

The SEC, however, can’t “investigate” this issue by examining companies’ records—companies have no records of these communications. So the agency is demanding, directly or indirectly, that the firms’ employees have their personal devices scoured for such records. Inevitably, though, some of those devices have very sensitive personal information that no one would want exposed to scrutiny—by their lawyers or anyone…

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