Among those being considered for chair of the Securities and Exchange Commission is Dan Gallagher, a Republican SEC commissioner from 2011 to 2015 who is currently chief legal and compliance officer at Robinhood, the people said. Gallagher, who is a popular pick among cryptocurrency executives who donated millions of dollars to Donald Trump’s Republican campaign, is the front-runner at this…
Key members of the GOP have long alleged that firms embracing ESG are ignoring their fiduciary duties, while Republican attorneys general have alleged that financial firms that incorporate ESG metrics may be guilty of collaborating against the fossil-fuel industry, and fanning inflation. A likely consequence of the new political landscape will be “greenhushing,” the Jefferies analysts said, referring to the…
The other founder to match Zhao’s meteoric rise was his fiercest rival and social-media sparring partner, FTX’s Sam Bankman-Fried. Bankman-Fried, who is serving 25 years in prison for fraud, partially blamed Zhao for accelerating the bank run that led to FTX’s blow up in late 2022. Both men ended up in prison but Zhao says the common comparison between their…
Dont hold your breadth waiting for the drama to unfold. The betting money is that chair Gensler will resign before Trump has the chance to (try to?) fire him. That’s typically what the SEC chair does when there is a change in the administration. Jay Clayton, Trump’s appointed SEC chair, announced his forthcoming resignation in November 2020 and resigned in…
Morrison Cohen welcomes Tracy Burnett, who joins the firm as a partner in our White Collar and Regulatory Enforcement Practice. Her practice focuses on white-collar criminal defense, government and internal investigations, and regulatory enforcement matters. Source: Morrison Cohen LLP | Tracy A. Burnett Joins Morrison Cohen