The U.S. Securities and Exchange Commission told staff on Wednesday it plans to shake up its enforcement and exams divisions by having them report under new deputy directors, the latest in a series of changes at the agency under Republican leadership. Under the reorganization, detailed in a memo seen by Reuters sent by acting SEC Chairman Mark Uyeda, enforcement staff…
Eliezer Mishory, the former chief regulatory officer of derivatives exchange Kalshi Inc., is leading the DOGE team at the US Securities and Exchange Commission, according to people with knowledge of the matter. Mishory left his role at Kalshi last week, said one of the people, who asked not to be identified discussing private matters. […] The DOGE team arrived at…
New York City Comptroller Brad Lander has asked the city law department to file a federal securities fraud lawsuit against Tesla Inc. on behalf of the city’s pension system, alleging the company made “material misstatements” about CEO Elon Musk’s role now that Musk is supervising the federal job-cutting effort known as the “department of government efficiency.” “Ever since Elon Musk…
Commonwealth Financial Network doesn’t have to pay the SEC over $93 million for purportedly paltry disclosures of its revenue-sharing agreement without a jury review of whether more detailed disclosures would’ve changed investors’ minds, a federal appeals court said Tuesday. The district court shouldn’t have granted the Securities and Exchange Commission’s motion for summary judgment, a three-judge panel for the US…
The law firm where Doug Emhoff, former Vice President Kamala Harris’s husband, is a partner has struck a deal with the Trump administration, as the industry’s most prominent firms scramble to avoid becoming the next target of a punitive executive order. Willkie Farr agreed on Tuesday to provide at least $100 million in pro bono services to help veterans, ensure…
What began as a months-long pursuit to serve court papers to Shaquille O’Neal—the 7’1″ NBA Hall of Famer, sports analyst and entertainer—over a class action lawsuit for promoting the collapsed cryptocurrency exchange FTX has resulted in the signing Tuesday of a $1.7 million settlement. Adam Moskowitz, the managing partner at the Moskowitz Law Firm in Coconut Grove, Florida, and David…
A potential resolution could be coming soon in the long-running lawsuit between the U.S. Securities and Exchange Commission (SEC) and Gemini over the crypto company’s Earn product. The two submitted a joint request to the U.S. District Court for the Southern District of New York on Tuesday to consider a 60-day pause in the case as they consider a potential…
Ryan Hedges has joined BakerHostetler’s Chicago office as a Partner in the firm’s Litigation Practice Group and a member of the White Collar, Investigations and Securities Enforcement and Litigation team. Hedges joins BakerHostetler from an international law firm, where he focused on white collar criminal defense, internal investigations and complex civil litigation matters. He is a former assistant U.S. attorney…