Monthly Archives: December 2023

SEC’s Ambitious Climate Agenda Stalls as US Elections Raise Stakes in New Year – Bloomberg

The Securities and Exchange Commission’s failure to complete an ambitious climate-related agenda in 2023 is making environmental activists nervous. Less than a year before a US presidential election that could scuttle the regulator’s environmental, social and governance efforts, the SEC has yet to finish a mandate for public companies to disclose their environmental footprints. In addition, the agency’s specialized ESG…

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SEC Charges Self-Styled Entrepreneur with Offering Fraud

On December 21, 2023, the Securities and Exchange Commission charged Diana Mae Fernandez, a former resident of New Jersey most recently living in Serbia, with conducting a $360,000 fraudulent securities offering.  Fernandez is currently under arrest in Serbia and awaiting extradition to the United States pursuant to an indictment filed by the United States Attorney’s Office for the Northern District…

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Key Regulatory, Enforcement Practices Drove DC Law Firm Hiring in 2023 | Law.com

Lateral hiring in Washington, D.C., this past year was largely focused on key regulatory and enforcement practices, including antitrust, white collar, government contracts, health care, and Foreign Corrupt Practices Act practices, in response to federal government priorities, according to several area legal recruiters. However, law firms in D.C. showed caution when adding to their head count in 2023 compared to previous…

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SEC Charges Investment Adviser for Policies and Procedures Failures

The Securities and Exchange Commission today announced settled charges against New York-based registered investment adviser OEP Capital Advisors, L.P (“OEP”) for failing to maintain and enforce written policies and procedures reasonably designed to prevent the misuse of material, nonpublic information (“MNPI”) and to implement written policies and procedures reasonably designed to prevent misleading communications to current and prospective investors in…

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Elections, SEC Cases, DOJ Cases: What Crypto Regulation May Bring in 2024

Buckle up, folks…. There’s no rest for the weary. Though a lot happened in 2023, including an entire criminal trial, next year promises to be much busier. I’m interested in five main categories of events or activities that may play out next year: Court cases, elections, regulatory agency actions, legislation and the broader crypto market. Source: Elections, SEC Cases, DOJ…

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MicroStrategy’s Bitcoin Holdings Top $8 Billion With Latest Purchase – BNN Bloomberg

MicroStrategy Inc., the enterprise software maker which has made buying Bitcoin as part of its corporate strategy, increased its total holdings of the cryptocurrency to more than $8 billion through additional purchases this month. The Tysons Corner, Virginia-based company run by Bitcoin advocate Michael Saylor acquired 14,620 Bitcoin for $616 million in cash from Nov. 30 to Dec. 26, according…

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Wall Street Braces for More SEC Scrutiny of AI, Private Funds

The Securities and Exchange Commission is racing to safeguard its most consequential rules from any future changes in the administration or in Congress. The SEC is targeting April to finalize almost two dozen rules, including those related to climate disclosure, according to the Biden administration’s regulatory agenda. More than a dozen other rule proposals are also in the works. The…

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Big Battles Loom in SEC’s War on Crypto – WSJ

It is the Securities and Exchange Commission’s forever war. The SEC in 2024 will mark the seventh year of its campaign to regulate cryptocurrencies through enforcement, with no end in sight. The regulator is waging several major court battles that could determine whether rules written for Wall Street apply to digital assets. But a winner is unlikely to emerge in…

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