Daily Archives: March 15, 2023, 12:03 pm

Santander, HSBC, Deutsche Bank, Others Still Willing to Serve Crypto Clients After Banking Failures, DCG Says

Crypto conglomerate Digital Currency Group (DCG) is trying to find new banking partners for portfolio companies following the collapse of Silicon Valley Bank (SVB), Signature Bank (SBNY) and Silvergate Bank, according to a memo viewed by CoinDesk. Santander (SAN), HSBC (HSBA), Deutsche Bank (DB), BankProv, Bridge Bank, Mercury, Multis and Series Financial are still willing to connect with crypto firms,…

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SEC Charges Exiled Chinese Businessman Miles Guo and His Financial Advisor William Je in $850 Million Fraud Scheme

The Securities and Exchange Commission today charged exiled Chinese businessman Miles Guo and his financial advisor William Je for their involvement in unregistered and fraudulent offerings that raised more than $850 million. According to the SEC’s complaint, since April 2020, Guo, also known as Ho Wan Kwok, Miles Kwok, Wengui Guo, and Brother Seven, and his longtime financial advisor, Je,…

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Slarskey LLC Welcomes Prominent Shareholder Rights Attorney and Commercial Litigator Adam Hollander as Partner

Slarskey LLC announced today that the New York-based litigation boutique has welcomed Adam Hollander, a commercial litigator with an extensive history of wins for investors in high-profile securities-related disputes and matters involving corporate fraud, as a partner. Source: Slarskey LLC Welcomes Prominent Shareholder Rights Attorney and Commercial Litigator Adam Hollander as Partner

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Former Assistant U.S. Attorney Lara Treinis Gatz joins Reed Smith’s regulatory and investigations practice | Reed Smith LLP

Global law firm Reed Smith announced today that Lara Treinis Gatz, a former federal prosecutor with the Department of Justice (DOJ), has joined the firm as a partner, adding firepower to its Global Regulatory Enforcement practice group. Gatz, who prior to joining Reed Smith served as a federal prosecutor in both the Southern District of Florida and the Eastern District…

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SEC Is ‘Completely Out Of Control,’ Says a16z Crypto’s Head of Policy

Crypto industry players ramped up the heat towards regulators Tuesday afternoon at the annual Futures Industry Association conference for what they see as failing to provide an adequate regulatory framework for the novel asset class. Over the past several weeks, regulators such as the Securities and Exchange Commission (SEC) unveiled a slew of enforcement actions against crypto companies in what…

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Short-Seller Citron Deletes All Its Old Tweets, Citing Trolls and Lawsuits – Bloomberg

Citron Research has deleted all of its old tweets after spending too much time dealing with class-action attorneys and Internet trolls because of them, founder Andrew Left said on Tuesday. Left, best-known for short positions on Tesla Inc., GameStop Corp. and China Evergrande Group, told Bloomberg by telephone that he was getting “so many” subpoenas for old class-action civil lawsuits…

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