The breadth and depth of my combined experiences over the decades will inform my approach if I am fortunate to be confirmed by the Senate. It takes industry experience and focused application to ensure that customers and investors of financial-services firms benefit from efficient, effective, and well-designed regulation. Our goal at the SEC should be to facilitate those efforts, analyze…
The Securities and Exchange Commission today voted to end its defense of the rules requiring disclosure of climate-related risks and greenhouse gas emissions. […] States and private parties have challenged the rules. The litigation was consolidated in the Eighth Circuit (Iowa v. SEC, No. 24-1522 (8th Cir.)), and the Commission previously stayed effectiveness of the rules pending completion of that…
Disgraced cryptocurrency tycoon Sam Bankman-Fried has been removed from the federal jail in New York City where he has been held since August 2023, after officials started the process of transferring him to a prison where he will continue serving his fraud sentence. The Federal Bureau of Prisons website showed early Thursday that Bankman-Fried was at a transit facility in…
Attending a panel on “optimizing legal and compliance partnerships,” and my partner Steve Gannon made a very perceptive and actionable point. We are used to regulatory and enforcement shifts between Administrations — but this is a “paradigm shift.” Regardless of one’s views on the merits of the changes, the new Administration — through EOs and other organizational and structural changes…
Robinhood Markets Inc. has moved past its meme stock days to become known as the go-to trading platform for retail investors of all stripes – crypto zealots, novice financiers and sophisticated speculators alike. Now it’s taking it a step further: It also wants to be your bank. Robinhood will roll out checking and savings accounts later this year to its…
Simpson Thacher & Bartlett LLP today announced that Adam Aderton has joined the Firm’s Washington, D.C. office as a Partner in its Government and Internal Investigations Practice and as a member of the Litigation Department. Source: Simpson Thacher Adds Leading Asset Management Litigation Partner
Unicoin CEO Alex Konanykhin said he’s asked the U.S. Securities and Exchange Commission to pull its investigation against the crypto operation and hasn’t yet received a response. Unicoin represented a final shot against the industry from previous Chair Gary Gensler’s SEC, which informed the firm in an official notice late last year that the regulator intended to accuse it of…
By allowing users to “copy trade” — that is, follow the successful financial moves of someone like Warren Buffett or Nancy Pelosi —Dub is betting that the future of finance will fuse social media with investing. The company, started in 2021 by then 19-year-old Steven Wang, launched as the only regulated copy-trading platform in the United States that lets users…
The current commissioners have stressed that they want to make the SEC more responsive to public companies and those seeking to raise capital. For example, Commissioner Peirce has said that the SEC wants Corp Fin and OCA to engage more with public companies on difficult disclosure issues, and to communicate early and often on the timing of reviews of registration…