The takeaway “from the scale of the initiative, both in terms of the dollar amount of penalties and number of firms charged, is that it has shone a light on how widespread noncompliance was when it came to this practice,” Wadhwa said. “And, given how far back in time this practice went, it was not the result of folks working…
While he can’t force Gensler to step down as a commissioner at the U.S. Securities and Exchange Commission, he can name a new interim SEC chair as soon as he’s inaugurated on Jan. 20. He can also nominate a new commissioner to the Senate, which has to confirm the pick. Given Republicans have retaken control of the Senate after flipping…
“The SEC under Chair Gensler has been aggressive in terms of really putting in prospective requirements in emerging substance areas like cybersecurity, ESG and also AI,” Lee said. She expects that, under the Trump administration, the SEC will likely pull back on rulemaking and adopt a less stringent stance on enforcement, particularly when it comes to pushing the bounds of…
On Wednesday, November 6, 2024, Securities Docket announced its “Enforcement Elite” for 2024 — our list of the best securities enforcement defense lawyers in the business. Bruce Carton, Editor of Securities Docket, announced the names of this year’s Enforcement Elite at the conclusion of Securities Enforcement Forum D.C. 2024, which was held at the Mayflower Hotel in Washington, D.C. The…
International law firm BCLP announced today the addition of Partner Emmet P. Ong to the firm’s Financial Services Disputes & Investigations Practice. He joins the firm’s San Francisco office. Source: Former Assistant U.S. Attorney Joins BCLP’s Litigation & Investigations Practice | BCLP – Bryan Cave Leighton Paisner
“The election shakes up the legal market but overall, there won’t be a decrease in work for litigators because as you have more players and money coming into the industry, there are more things that can go wrong, more companies that want to launch and more happy purchasers as well as more unhappy purchasers,” Goody Guillén said. “This industry is…
Buchalter is pleased to announce that Kevin Lally has joined the firm as a Shareholder in the Los Angeles office. A member of the Litigation and White Collar and Investigations practice groups, Kevin, an accomplished trial and appellate advocate, brings nearly three decades of experience as a former federal prosecutor and a white collar litigator who is renowned for successfully…
A U.S. appeals court on Wednesday upheld a jury’s verdict clearing Tesla CEO Elon Musk and his company of liability over allegations they misled investors when the billionaire posted on social media in 2018 that he had “funding secured” to take the electric car company private. The San Francisco-based 9th U.S. Circuit Court of Appeals rejected arguments by lawyers for…
Trump’s Securities and Exchange Commission is expected to start undoing the climate rules as soon as January, less than a year after their March release under Democratic Chair Gary Gensler. The regulations have yet to take effect; the agency paused them in April after companies, Republican state attorneys general, and others sued. A Republican-led SEC also will have the ability…
“Some crypto cases have been legit fraud cases and I hope those continue and I hope we get more of them,” said J.W. Verret, professor at George Mason University’s Antonin Scalia Law School in Arlington, Virginia. “A lot of crypto cases have been registration only, foot fault cases when registration is impossible.” *** The SEC’s enforcement cases against crypto companies…