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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInLagarde calls for European SEC | Investment Executive
It’s time for a European edition of the SEC, says Christine Lagarde, president of the European Central Bank (ECB). In a speech at the European Banking Congress in Frankfurt, Lagarde made the case for creating a strong single regulator to facilitate the development of a unified capital market in the region. While a capital markets […]
Wall Street’s ESG Craze Is Fading – WSJ
Wall Street rushed to embrace sustainable investing just a few years ago. Now it is quietly closing funds or scrubbing their names after disappointing returns that have investors cashing out billions. The about-face comes after tightened regulatory oversight, higher interest rates that have slammed clean-energy stocks and a backlash that has made environmental, social and […]
Lockbit Hacks Two More Financial Firms, Threatens Data Dump
The criminal ransomware gang behind the recent attack on the Industrial & Commercial Bank of China Ltd. has claimed responsibility for two more hacks on US financial firms. The Lockbit gang added the Chicago Trading Company and Alphadyne Asset Management this week to a list of victims on its darkweb page. The gang has given […]
The Cybersecurity Lawsuit That Boards Are Talking About – The New York Times
“I’ve been doing this for 25 years, and I’ve always been protecting others,” said George Gerchow, the chief security officer and senior vice president of information technology at Sumo Logic, a software company. “Now, all of a sudden, I’m in a weird position where I’m having to protect myself.” Perhaps more alarming to boardrooms is […]
Regulatory Spotlight on Private Funds
The end of September marked the close of the 2023 fiscal year for the United States Securities and Exchange Commission (the “SEC”). In remarks last week, SEC Director of Enforcement, Gurbir Grewal, noted that, “[w]hile we have not yet released our 2023 fiscal year-end numbers, I can give you a sneak preview: we had another […]
Hackers Complain to SEC Company They Hacked Failed to Disclose the Incident | The D&O Diary
In a move that may set a record for hacking chutzpah, a cyber ransom gang has filed a complaint with the SEC reporting that a company they hacked had failed to report the incident to the SEC within the time required by the agency’s new cybersecurity disclosure guidelines. The gang apparently filed the complaint after […]