Daily Archives: June 4, 2024, 3:08 pm

SEC to Close Salt Lake Regional Office

The Securities and Exchange Commission today announced that it will close its Salt Lake Regional Office (SLRO) later this year, reducing its regional footprint from 11 regional offices to 10. The SLRO has long been the SEC’s smallest regional office and recently has experienced significant attrition. The agency considered its budget and organizational efficiency in deciding to close the office,…

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Podcast: SEC Commissioner Hester Peirce on regulatory demands, CCO input | Podcast | Compliance Week

HP:  …. Same with AI (artificial intelligence), where we run the risk of a similar problem. AI has been used in the financial industry for a long time, but there may be other uses, particularly uses that are customer facing. That’s going be the kind of thing where when clients are involved, when retail investors are involved, the SEC’s going…

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Outgoing SDNY Deputy US Attorney Andrea Griswold To Join Skadden as Partner | Skadden, Arps, Slate, Meagher & Flom LLP

Skadden is pleased to announce that Andrea Griswold, the outgoing deputy United States attorney for the Southern District of New York (SDNY), will be joining the firm in September as a partner in its White Collar Defense and Investigations Group in the New York office. Ms. Griswold’s practice will focus on advising companies, investment funds, financial institutions, boards of directors…

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A Sticking Point in Paramount and Skydance Talks: Who Pays For a Lawsuit? – The New York Times

Paramount and Skydance have haggled for months over an ambitious merger that would usher in a new ruler of a sprawling media kingdom that includes CBS, MTV and the film studio behind “Top Gun.” The talks reached an even greater intensity in the past week, but at least one major sticking point has emerged between Shari Redstone, Paramount’s controlling shareholder,…

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SEC Obtains Final Judgment Against Former Arista Networks Chairman Andy Bechtolsheim for Insider Trading

On May 30, 2024, the U.S. District Court for the Northern District of California entered a final judgment, by consent, against Andreas “Andy” Bechtolsheim, the founder and Chief Architect of Silicon Valley-based technology company Arista Networks, Inc., in an action alleging that Bechtolsheim engaged in insider trading. The SEC alleged in its complaint, filed on March 26, 2024, that Bechtolsheim,…

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Cozen O’Connor Lands Securities Enforcement Regulatory Attorney Alexander I. Cohen, Further Expanding its Securities Litigation & SEC Enforcement Practice in New York City

Cozen O’Connor today announced Alexander I. Cohen — up-and-coming securities enforcement regulatory attorney who has represented and defended some of the country’s leading financial institutions, broker-dealers, and public companies in a wide range of DOJ, FINRA, and SEC-related regulatory matters — has joined its Securities Litigation & SEC Enforcement Practice. Cohen, who comes to the firm from Sidley Austin LLP,…

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