Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInRepublicans demand answers from regulators on possible Chinese exposure of Americans’ financial data | Fox News
Two Republican members of Congress are demanding answers from top financial regulators concerning the possibility Americans’ financial data may have been, or is at risk of being, exposed to members of the Chinese Communist Party (CCP) through two widely-used stock trading platforms operating within the U.S. In a Wednesday letter to the heads of the U.S. […]
AOC, Matt Gaetz team to push bill banning Congress members from owning, trading stocks
Finally, the far left and far right have found something they can agree on. Socialist Rep. Alexandria Ocasio-Cortez (D-NY) and firebrand Rep. Matt Gaetz (R-Fla.) are co-sponsoring a bill to restrict members of Congress from owning or trading stocks. H.R. 3003, also sponsored by moderate Rep. Brian Fitzpatrick (R-Pa.) and progressive Rep. Raja Krishnamoorthi (D-Ill.), […]
Steptoe Expands Investigations and White-Collar Defense Practice with New Partner Focused on Asia Investigations | Steptoe & Johnson
Steptoe & Johnson LLP has expanded its Investigations and White-Collar Defense Practice in Asia with the addition of new partner, Brian Burke. Brian joins Steptoe’s New York office from Shearman & Sterling, where he was previously based in Hong Kong and New York. Source: Steptoe Expands Investigations and White-Collar Defense Practice with New Partner Focused […]
UK to Ban Cold Calls Selling Crypto to Clamp Down on Fraud – Bloomberg
The UK is to set to ban cold calls that sell financial products including insurance and cryptocurrencies in an effort to crack down on fraud, which costs the country around £7 billion ($8.7 billion) a year. Announcing its new fraud strategy, the UK pledged 400 new jobs to update its approach to intelligence-led policing. The […]
SEC to vote on boosting disclosures by private funds, hedge funds | Reuters
The U.S. Securities and Exchange Commission will decide on Wednesday whether to adopt new rules for advisors to hedge funds and private equity funds aimed at increasing transparency, competition, and efficiency in the $25-trillion marketplace. The SEC will vote on a proposal to update so-called Form PF, which was put in place following the financial […]
DeSantis signs sweeping anti-ESG legislation in Florida | Reuters
Florida governor Ron DeSantis signed into law on Tuesday a bill barring state officials from investing public money to promote environmental, social and governance goals, and prohibiting ESG bond sales. The bill is one of the furthest-reaching efforts yet by U.S. Republicans against sustainable investing efforts, and a clear political message from DeSantis, a likely […]
SEC’s Gensler Blasts Hedge Fund Fees as Agency Readies New Rules – Bloomberg
Gary Gensler is again blasting hedge funds and private equity firms for the fees they charge investors, as the Securities and Exchange Commission plows ahead with plans to boost oversight of the private fund industry. “Today, private fund advisers receive multiple levels and types of fees—from management to performance to portfolio company fees.,” the SEC […]
Morgan Stanley in Talks to Resolve US Block Trading Probes – Bloomberg
Morgan Stanley said it’s in talks with US prosecutors and regulators to resolve a probe into its block trading practices. “The firm is currently engaged in discussions regarding potential resolution of the investigations by the enforcement division of the U.S. Securities and Exchange Commission and the US Attorney’s Office for the Southern District of New […]
Carl Icahn Net Worth: Wealth Falls $10B on Hindenburg Short-Seller Report – Bloomberg
Corporate activist Carl Icahn’s fortune tumbled more than $10 billion Tuesday after short-seller Hindenburg Research accused him of using a “ponzi-like” economic structure at his investment company. Icahn Enterprises L.P., his publicly traded limited partnership that operates as a holding company, fell by 20% — the most on record — erasing $3.1 billion from his […]
Icahn calls Hindenburg short-seller report self-serving, as market value of his company’s stock plunges by $4 billion – MarketWatch
Icahn Enterprises LP shares ended 20% lower Tuesday, notching their worst one-day decline on record, after short seller Hindenburg Research issued a negative report against the investment arm of activist investor Carl Icahn. The stock’s previous one-day record decline was a loss of 19.5% on Nov. 20, 2008. The market-cap loss today is about $4 […]