Daily Archives: June 20, 2024, 7:53 am

Two New SCOTUS Opinions Securities Practitioners Should Read | LinkedIn

Although the flurry of Supreme Court opinions issued last Thursday and Friday did not include the one most anticipated by securities practitioners (i.e., SEC v. Jarkesy), decisions involving two other agencies could have significant ramifications for the Securities and Exchange Commission.  One of them could further insulate legacy SEC disclosure rules from First Amendment challenges, while the other threatens an…

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Auditors Pan Bid to Report Their Own Financials as Too Rigid

US accounting firms want more flexible rules for how they disclose details about their own finances, operations, and audit performance, calling proposals to expand mandatory reporting too rigid and costly. Firms want to continue reporting details about major changes in their business and their financial results as part of routine audit inspections to ensure sensitive or competitive details remain confidential,…

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Binance Fined $2.2M by India’s Financial Intelligence Unit

Binance, the world’s largest cryptocurrency exchange, has been fined approximately $2.2 million (18.82 crore INR) for providing services to Indian clients without adhering to the nation’s anti-money laundering rules, India’s anti-money laundering unit announced Thursday. Binance and several other offshore cryptocurrency exchanges were issued showcause notices by Indian authorities and subsequently removed from India for “operating illegally” in January 2024.…

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