Daily Archives: February 5, 2024, 9:04 am

Paul, Weiss Files Amicus Brief on Behalf of Over 20 Former Senior Government Officials in Landmark SEC Enforcement Action Over Cybersecurity Disclosures | Paul, Weiss

On February 2, Paul, Weiss filed an amicus brief in the U.S. District Court for the Southern District of New York on behalf of over 20 of the most senior former cybersecurity government officials in the U.S. Securities and Exchange Commission’s landmark enforcement action against software company SolarWinds and its Chief Information Security Officer (CISO) Timothy Brown. The SolarWinds suit…

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FEPA’s Expansion of Anti-Corruption Act Barely Moves the Needle

New corporate anti-corruption policies are often rolled out with dramatic, often exaggerated assessments of their significance. This is true of the Foreign Extortion Prevention Act enacted in December. It has been described as a sea change in federal anti-bribery law and a new statutory basis for multinational companies to reexamine their compliance programs. In reality, FEPA’s substantive and jurisdictional limitations…

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Steve Christie Returns to Binance as Deputy Compliance Officer – Bloomberg

Binance named Steve Christie as deputy chief compliance officer, bringing him back to the world’s biggest cryptocurrency exchange following its settlement of anti-money laundering and US sanctions violations. Christie was Binance’s senior vice president of compliance when he left the company last summer just as it navigated a regulatory crisis that resulted in a more than $4 billion settlement with…

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Crypto Marketers Have a New Target Audience: Your Mother – WSJ

Firms now issuing bitcoin ETFs range from BlackRock, the world’s largest investment manager, to smaller crypto-specific players such as Bitwise Asset Management. Marketing will drive their efforts to differentiate themselves because their products are, for all intents and purposes, identical, according to Eric Balchunas, analyst at Bloomberg Intelligence.“ They all do the same thing. That puts so much pressure on marketing…

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