Daily Archives: May 22, 2024, 9:31 am

Ex-Nuveen Trader Sentenced to 70 Months in Insider-Trading Plot – Bloomberg

A former Nuveen equity trader was ordered to spend almost six years behind bars after admitting he tipped off another man to the firm’s trades as part of a $47 million front-running scheme. US District Judge Paul Gardephe sentenced Lawrence Billimek on Monday to 70 months in federal prison, matching the minimum punishment requested by prosecutors. Billimek, 53, pleaded guilty…

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Craig Wright Is Not Bitcoin Creator Satoshi Nakamoto, Court Rules – The New York Times

A few minutes later, the judge overseeing the proceedings, James Mellor, issued a ruling from the bench. “Dr. Wright is not the person who adopted or operated under the pseudonym Satoshi Nakamoto,” he said. Crypto fans celebrated online, proclaiming the end of a “reign of terror.” Mr. Dorsey, the Twitter founder, posted the full text of Justice Mellor’s ruling. In…

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Statement on the Financial Innovation and Technology for the 21st Century Act

The Financial Innovation and Technology for the 21st Century Act (“FIT 21”) would create new regulatory gaps and undermine decades of precedent regarding the oversight of investment contracts, putting investors and capital markets at immeasurable risk. First, the bill would remove investment contracts that are recorded on a blockchain from the statutory definition of securities and the time-tested protections of…

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SEC Charges Intercontinental Exchange and Nine Affiliates Including the New York Stock Exchange with Failing to Inform the Commission of a Cyber Intrusion

The Securities and Exchange Commission today announced that The Intercontinental Exchange, Inc. (ICE) agreed to pay a $10 million penalty to settle charges that it caused the failure of nine wholly-owned subsidiaries, including the New York Stock Exchange, to timely inform the SEC of a cyber intrusion as required by Regulation Systems Compliance and Integrity (Regulation SCI). According to the…

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