Daily Archives: January 4, 2024, 8:58 am

SEC enforcement against public companies – A recap of 2023 | Davis Polk

Overall, 2023 included examples of the SEC’s willingness to push the enforcement envelope by asserting claims against non-financial individuals at public companies, focusing on disclosures beyond financial performance, alleging accounting control violations in cases seemingly unrelated to accounting and alleging disclosure control violations even without an underlying false disclosure. The SEC also displayed its willingness to litigate against public companies…

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India’s Adani wins court relief on scrutiny after Hindenburg attack | Reuters

India’s Supreme Court on Wednesday said the Adani Group does not need to face more investigations beyond the current scrutiny of the market regulator, a major relief for the conglomerate hit hard by a U.S. short-seller’s allegations of wrongdoing. The Securities and Exchange Board of India (SEBI) has been probing the Adani group, led by billionaire Gautam Adani, after Hindenburg…

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Tannenbaum Helpern Continues Growth with Addition to Firm’s… | THSH

Tannenbaum Helpern is pleased to announce the continued expansion of its Commercial and Securities Litigation and Regulatory and Compliance capabilities with the addition of lateral partner Clifford Thau to the Firm. The newest member of Tannenbaum Helpern’s Litigation and Dispute Resolution practice, Cliff’s practice is focused on securities litigation and regulatory and internal investigations. His clients include issuers, underwriters, officers…

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Ex-Citi Execs Plan Bitcoin Securities That Don’t Need OK From US – Bloomberg

As speculation about the upcoming approval or denial of spot-Bitcoin ETFs reaches a fever pitch, a group of former Citigroup Inc. executives is starting to offer securities backed by the oldest cryptocurrency that they say don’t need the blessing of US regulators. The new offering, called Bitcoin depositary receipts, will be similar to American depositary receipts that represent foreign stocks.…

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