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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInJPMorgan Ordered to Pay Charlie Javice’s Legal Fees in Frank Fraud Case – Bloomberg
Delaware Chancery Court Judge Kathaleen St. J. McCormick concluded Monday that JPMorgan was legally obligated to cover Javice’s legal bills, rejecting the bank’s argument that her alleged fraud fell outside the scope of the 2021 merger agreement. The ruling likely also covers Javice’s legal fees tied to criminal fraud charges brought by federal prosecutors over […]
Crypto-silence is precious for Gensler’s SEC | Reuters
Think from Gensler’s perspective, though, and there’s little upside in breaking the silence. Accept that digital assets are not securities after all, and he would look foolish for not saying so sooner. Yet state definitively that they are securities, and Gensler would have to show his reasoning, opening the SEC up to more costly legal […]
Binance faces US probe of possible Russian sanctions violations – Bloomberg News
The U.S. Justice Department is investigating whether Binance Holdings was illegally used to let Russians skirt U.S. sanctions and move money through the cryptocurrency exchange, Bloomberg News reported on Friday, citing people familiar with the matter. Regulators globally have long called for tighter controls on crypto exchanges including Binance, the world’s largest, to prevent illegal […]
Coinbase CEO says SEC is on ‘lone crusade,’ dials back on suggestion exchange may relocate
“The SEC is a bit of an outlier here,” Armstrong told CNBC’s Dan Murphy in an interview in Dubai Monday. “There’s kind of a lone crusade, if you will, with Gary Gensler, the chair there, and he has taken a more anti-crypto view for some reason.” “I don’t think he’s necessarily trying to regulate the […]