One week later, on April 3, 2023, Loudon confessed to his wife that he had traded in TA prior to the acquisition announcement. Loudon did not tell her the number of shares he purchased or the profits he realized from their sale. Loudon told his wife that he had bought the TA shares because he wanted to make enough money…
Blank Rome LLP is pleased to welcome four new attorneys to the firm’s White Collar Defense and Investigations group: Bradley “Brad” Henry, a partner in New York, who will also serve as vice-chair of Blank Rome’s White Collar Defense and Investigations group, Kathleen H. Shannon, a partner in Washington, D.C., Jason F. Emert, of counsel in Washington, D.C., and Ekinsu…
PATRICK O’CONNOR worked as a personal pilot to his co-defendant in this case, JOSEPH LEWIS, for several years. LEWIS is a billionaire businessman and investor who is the principal owner of the Tavistock Group, an international private investment organization. At relevant times, by virtue of LEWIS’s investments in certain companies, he controlled one or more board of director seats at…
The Zina case — known as Operation Kempston by the FCA — is the first insider dealing conviction the UK Financial Conduct Authority has secured since 2019, and the agency’s new enforcement heads are hoping it will send a message to the City of London that it is serious about the offence, according to Therese Chambers, joint executive director of…
What is surprising are some of the assumptions Reddit makes about the world of crypto in its U.S. Securities and Exchange Commission filing. First, Reddit announced it has joined a select club of companies that holds both BTC and ETH in its corporate treasury. While a number of native crypto companies hold both leading cryptos in reserve, most are likely…
Binance Holdings Ltd. will pay $4.3 billion after a judge approved a plea deal that levies one of the largest criminal penalties in US history against the world’s biggest cryptocurrency exchange. *** As part of the deal, the company’s compliance must be monitored by an independent firm for as long as five years. The monitor hasn’t yet been apppointed. Bloomberg…
After more than 20 years of debate, private-equity firms are about to be drafted into the fight against dirty money. The Treasury Department on Feb. 13 proposed extending anti-money-laundering rules to investment advisers including private-equity, venture-capital and hedge-fund managers. *** Under the rules—which can take effect following a 60-day comment period—fund advisers including private-equity managers will have to start programs…
China’s securities regulator said on Friday it would mete out increasingly tough penalties on fraudulent listings, accounting scams and misappropriation of funds by big shareholders, as part of a crackdown to boost confidence in the stock market. In its first news conference since the appointment of a new chairman, the China Securities Regulatory Commission (CSRC) also said it would target…
MicroStrategy’s X account was hacked on Monday, leading to a phishing message being posted for its followers, blockchain sleuth ZachXBT said. The X account of Michael Saylor’s crypto investment firm sent out a post announcing the launch of an MSTR token and a link for claiming the fake token. The phishing attempt has led to over $440,000 worth of crypto…