Daily Archives: July 20, 2023, 8:05 am

SEC Hears Climate Rule Concerns ‘Loud and Clear,’ Gensler Says

The SEC is well aware corporate greenhouse gas emissions reporting requirements that the agency proposed in its climate rule have worried small farmers and others, agency Chair Gary Gensler told senators Wednesday. The Securities and Exchange Commission has heard concerns about small private businesses facing burdens under its plan to direct big public companies to report emissions from their supply…

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The One with the Girlfriend’s Laptop – Compliance Building

The Securities and Exchange Commission actually uses the term “romantic partner”, not girlfriend in this complaint. I guess the SEC doesn’t want to impose labels on the relationship. Based on this case, I assume the relationship is over. The COVID pandemic was hard on a lot of relationships with couples isolated at home. Stealing information from your “romantic partner” seems…

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Dogecoin Jumps 4% on Elon Musk Tweet

Popular dog-themed cryptocurrency dogecoin (DOGE) jumped about 4% in a handful of minutes following a tweet mention from Elon Musk. DOGE’s price spiked to as high as $0.072 from $0.069 late Wednesday morning after Musk’s post. The token just as quickly pared some of its gains and was trading at just under $0.070 at press time, still ahead about 2%…

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Danaher Hit with COVID-Related Securities Suit Filing | The D&O Diary

From the very beginning of the COVID-19 outbreak in March 2020, one related phenomena that immediately became apparent was the emergence of coronavirus-related securities class action lawsuits and other corporate and securities litigation. I have been tracking the COVID-related securities litigation since the very beginning, and now, even though we are now well into the pandemic’s fourth year, the COVID-related…

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Caroline Ellison Writes About Ex-Crypto Mogul Sam Bankman-Fried – The New York Times

As Mr. Bankman-Fried’s sometime-girlfriend and one of his earliest hires, Ms. Ellison had unique insight into the FTX founder. She also recorded many of her thoughts in writing, making observations about her personal and professional life in a handwritten diary and on Google documents that have circulated among lawyers involved in the case, according to documents reviewed by The New…

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UK Government Rejects Lawmaker Plan to Regulate Crypto as Gambling

The U.K. government rejected lawmaker plans to regulate crypto like gambling, saying its existing proposals better address the risks posed by events such as the FTX collapse, in a document published Thursday. In May, the House of Commons’ Treasury Committee expressed concern that government plans to apply rules broadly similar to those for traditional finance to crypto treats the sector…

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Whistleblowers or scoundrels: unpacking the debate on short selling bans | Reuters

Over the next months, big businesses will likely continue to urge regulators to ban short selling. Meanwhile, advocates will emphasize the value that short sellers bring to the capital markets, exposing frauds, and right-pricing stocks. Regulators do have a middle-ground: rather than ban short selling in toto, regulators may focus their attention and efforts on particular short-seller practices that pose…

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Womble Adds Litigation Partner in Washington | Womble Bond Dickinson

Womble Bond Dickinson announced today that Carol Lee has joined the firm as a partner in the Business Litigation group. A trusted advisor for multinationals navigating U.S. legal matters relating to internal and government investigations and commercial litigation, Lee is adept at resolving regulatory issues regarding export controls, economic sanctions, Committee on Foreign Investment in the United States, anti-money laundering,…

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