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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInLawmakers Give SEC Deadline for Sam Bankman-Fried Records | PYMNTS.com
Lawmakers are clashing with a regulator over access to records about the arrest of Sam Bankman-Fried. The House Financial Services Committee “will consider all avenues to compel” the release of documents related to the arrest from the Securities and Exchange Commission (SEC). The chairman of the committee, Patrick McHenry, and the chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga, […]
Investor Protector: Former SEC Attorney Joining Chicago-Kent Faculty in Fall | Chicago-Kent College of Law
Prior to pursuing a career in academia, James Tierney practiced in the Securities and Exchange Commission (SEC)’s Office of the General Counsel, where he helped resolve enforcement actions against financial advisers and determine consequences for bad actors. Source: Investor Protector: Former SEC Attorney Joining Chicago-Kent Faculty in Fall | Chicago-Kent College of Law
CFTC Chief Says Binance Intentionally Flouted US Regulations
The head of Commodity Futures Trading Commission admonished Binance Holdings Ltd over its compliance with US rules after the derivatives regulator sued the crypto exchange and its chief executive last month for a litany of alleged violations. “These are not unsophisticated individuals,” CFTC Chairman Rostin Behnam said Thursday at an event hosted by Princeton University. […]
Twitter Gets Into the Stock Business – Bloomberg
I said above that there are some compliance issues with that button, but that is the real beauty of this idea: –Elon Musk generally seems a bit aggressive on compliance matters, and in particular he does not care at all about securities law compliance. “I want to be clear. I do not respect the SEC. I […]
Ex-SPACs Face Hellish Battle to Avoid the Abyss – Bloomberg
Once, hurrying to join the stock market by merging with a listed special purpose acquisition company seemed like a good way to raise heaps of cash and for insiders to get rich. But SPACs have become a poisoned chalice, above all for the retail investors who went along for the ride. Ex-SPACs still standing are having […]
Coinbase Unveils Listing Roadmap in a Bid to Promote Transparency — CoinEdition
In an effort to enhance transparency and reduce insider trading, Coinbase, a leading cryptocurrency exchange, has introduced a comprehensive roadmap outlining its plans for new asset listings. This move is part of the exchange’s ongoing strategy to expand its range of tradable assets and to serve as a bridge between retail customers and Web3 technology. […]
NFT.NYC events head to dive bars, apartment buildings as crypto crashes
NFT.NYC – a yearly crypto confab which even last year had displayed the decadence of a sector worth trillions – took a decidedly downmarket turn this week. Since its inaugural run in 2019, purveyors of so-called NFTs, or non-fungible tokens, have spent millions on splashy events. They have hired celebrity DJs like Diplo and rented […]
Fuel Cell Company Hit with Supply Chain-Related Securities Suits | The D&O Diary
In the current economic environment, companies are wrestling with a host of macroeconomic issues, including rising interest rates, economic inflation, continuing labor shortages, and the war in Ukraine. In addition, another issue companies are facing in the wake of the pandemic is supply chain disruption, which continues to challenge some companies. In the latest sign […]