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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInUS SEC nears deal with ex-Coinbase employee accused of insider trading -filing | Reuters
The U.S. Securities and Exchange Commission is nearing a settlement with a former Coinbase Global Inc product manager in a landmark case of insider trading involving cryptocurrency, according to a court filing this week. The SEC has reached “an agreement in principle” with Ishan Wahi to resolve its claims against him, the agency said in […]
NYDFS Chief Dismisses ‘Choke Point 2.0’ Theory of Signature’s Closure as ‘Ludicrous’
Speaking to the audience at blockchain analytics firm Chainalysis’ Links conference in New York on Wednesday, Harris said the decision by her office to step in and shut down Signature was totally unrelated to crypto. “The idea that taking possession of Signature was about crypto, or that this is Choke Point 2.0 is really ludicrous,” […]
Proskauer Continues Regulatory Build-Out with Litigation Partner Stephen Hibbard – Proskauer Rose LLP
Leading international law firm Proskauer is pleased to welcome Stephen (Steve) Hibbard as a partner in its Litigation Department, further bolstering the Firm’s capabilities in securities and commercial litigation. Source: Proskauer Continues Regulatory Build-Out with Litigation Partner Stephen Hibbard – Insights – Proskauer Rose LLP
SEC Recovers Over $800 Million After Decade-Long Ponzi Case
A court-appointed receiver has finished recovering and redistributing assets to investors defrauded by Rex Venture Group LLC between January 2011 and August 2012. Judge Graham C. Mullen of the US District Court for the Western District of North Carolina entered final judgment against RVG on Monday. The judgment accounts for over $817 million, representing about […]
Binance Compliance Chief Calls His Job One of the ‘Most Challenging’ – WSJ
Mr. Perlman, speaking at a crypto industry conference on Tuesday, said it has been difficult to navigate the often opaque rules governing the crypto industry without being on the wrong side of the regulators. One reason, said Mr. Perlman, who joined Binance in January after a monthslong search by the exchange, is the “regulation by […]
Former Start-Up Founder Charged by Prosecutors for Defrauding JPMorgan Chase – The New York Times
Charlie Javice, the 31-year-old start-up founder who JPMorgan Chase accused in a December lawsuit of lying to the bank as it prepared to acquire her company, is now facing criminal charges as well. On Tuesday, the U.S. attorney’s office for the Southern District of New York charged her with wire, bank and securities fraud. It […]
Dismissal Granted in Peloton COVID-Related Securities Suit | The D&O Diary
Since the initial outbreak of COVID-19 in the U.S. in March 2020, there have been scores of COVID-related securities suit filed. However, as the pandemic itself progressed, the nature of the lawsuits being filed also changed. Over time, the plaintiffs’ lawyers began targeting companies that had initially prospered at the outset of the pandemic, but […]
‘Shark Tank’ Star Kevin O’Leary Calls Litigating Your Crypto Regulator ‘Really Stupid’
Venture capitalist and “Shark Tank” star Kevin O’Leary said that crypto exchanges shouldn’t be taking legal action against regulators. “Litigating your regulator, in my opinion, is a really stupid idea,” he told CoinDesk TV’s “First Mover” on Tuesday in reference to Coinbase (COIN), the largest U.S. crypto exchange by trading volume. Coinbase may face regulatory […]