Daily Archives: February 14, 2024, 12:04 pm

Gensler says SEC’s approval of spot bitcoin ETFs in January was ‘cabined’ | The Block

Securities and Exchange Commission Chair Gary Gensler suggested Wednesday that the regulator’s decision to approve spot bitcoin ETFs shouldn’t necessarily signal how it might respond to Ethereum in the future. “What we did in January was cabined to one set of filings,” Gensler in an interview with CNBC “We have other filings… in front of us, but I’m not going…

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D&O coverage for DEI-related ESG claims | Reuters

D&O policies also contain exclusions that may limit or preclude coverage for certain types of claims, and other terms and conditions affecting coverage that should be carefully reviewed. Directors and officers concerned about DEI-related exposures should make sure their D&O coverage applies to or contains enhancements protecting against claims arising from employment practices, and that claims for discrimination and harassment…

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WhatsApp All Over Again: The SEC Brings More Recordkeeping Charges Against Broker-Dealers and Investment Advisers for Off-Channel Communications | Mayer Brown – JDSupra

It is important to note that in each of these cases, the off-channel communications at issue were conducted on the personal devices of the firm’s employees. In addition to creating recordkeeping and monitoring challenges and related examination risks—as outlined by the SEC in these and prior, similar proceedings—the use of personal devices for firm business raises complicated issues during regulatory…

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“AI, Finance, Movies, and the Law” Prepared Remarks before the Yale Law School by SEC Chair Gary Gensler

As AI disclosures by SEC registrants increase, the basics of good securities lawyering still apply. Claims about prospects should have a reasonable basis, and investors should be told that basis. When disclosing material risks about AI—and a company may face multiple risks, including operational, legal, and competitive—investors benefit from disclosures particularized to the company, not from boilerplate language. Companies should…

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Crypto Political Group Fairshake Targets California Democrat Sen. Katie Porter

The U.S. crypto industry’s most prominent campaign-finance organization, Fairshake, is going after Rep. Katie Porter (D-Calif.), spending a part of its war chest to try to derail the progressive lawmaker’s Senate bid. A new video ad attempts to skewer Porter’s own campaign fundraising and is part of what the group said is a multi-million-dollar effort in California and online. ”…

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40% of Lawyers Are Women. 7% Are Black. America’s Workforce in Charts – WSJ

Almost 96% of all dental hygienists are women. Six out of seven lawyers are white. And the racial and ethnic makeup of paralegals, hairdressers and dietitians closely mirrors that of the overall U.S. workforce. The Bureau of Labor Statistics each year publishes data looking at the gender and racial composition of hundreds of occupations, offering a snapshot of how workers…

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Explainer: Did Delaware ‘lock the doors’ to stop companies from leaving, as Musk claims? | Reuters

Elon Musk has claimed that Delaware, home to much of corporate America, is trying to prevent businesses from heeding his call to leave the state, where a court invalidated his $56 billion Tesla pay package. Since the Delaware Court of Chancery ruled to rescind Musk’s record pay package on Jan. 31, the Tesla CEO has posted on social media about…

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McDermott Adds Former US Attorney’s Office Criminal Chief in Chicago – McDermott Will & Emery

International law firm McDermott Will & Emery welcomes back Matthew “Matt” Madden as a partner in its Litigation Practice Group in Chicago. Having started his career at McDermott as an Associate, Matt is rejoining the Firm after most recently serving as the chief of the Criminal Division at the US Attorney’s Office in Chicago, where he supervised approximately 125 assistant…

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