Daily Archives: April 30, 2024, 8:09 am

Grassley Questions Staffing, Delays in SEC Whistleblower Effort

Sen. Chuck Grassley (R-Iowa) wants the SEC to disclose how much staff is dedicated to its whistleblower program, writing that investigative delays and a recent dip in the number of awards have raised “concerns” about the agency’s signature enforcement effort. *** “(C)oncerns have been raised about the SEC’s delay in paying whistleblower awards and a lack of transparency about the…

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Introduction to SEC v. Panuwat: Understanding “Shadow” Insider Trading

It is difficult to overstate the expansion Panuwat represents for potential liability for insider trading.  To be sure, the defense bar will attack this unfair and unwise regulation-through-litigation, and the defense bar will be joined by academics, public interest groups, and supporters in the business community.  In the meantime, every entity and individual involved in the capital markets—from public companies…

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Binance’s Founder Plans a Comeback Even as He Faces Prison Time – The New York Times

He enjoyed a home-cooked dinner in Montana with a former U.S. senator. He visited Telluride, Colo., and Moab, Utah, a vacation spot known for its national parks. And he chatted about start-ups with Sam Altman, the chief executive of OpenAI. After pleading guilty to a money-laundering violation in November, Changpeng Zhao, the founder of the cryptocurrency exchange Binance, did not…

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Binance founder CZ heads to sentencing hearing facing years in prison

The government is asking for a sentence of three years, double the high end of the guidelines range to “reflect the gravity of his crimes,” the prosecutors’ memo says. Zhao’s lawyers have asked for five months’ probation. They say Zhao has accepted responsibility for dodging AML requirements, and that he has a history of philanthropy and community service. Additionally, he’s…

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