The U.S. Government Accountability Office plans to scrutinize changes at the U.S. Securities and Exchange Commission, including any led by the White House or Elon Musk’s Department of Government Efficiency, according to a letter sent to Democratic lawmakers on Capitol Hill. The GAO, Congress’ nonpartisan research arm, told senators Elizabeth Warren and Mark Warner it will review the SEC’s recent…
“The bar is very concerned there is going to be a cutback in these kinds of investigations,” said Bob Tarun, a former prosecutor and retired partner at global law firm Baker & McKenzie. “Firms that have a huge litigation practice and devote a lot of resources to internal investigations are going to be impacted.” Defending clients enmeshed in overseas bribery…
Paul Atkins, President Trump’s nominee as the new chairman of the Securities and Exchange Commission, faced a key question just as he was to be grilled during his confirmation this past week. Would the long-time securities lawyer and regulator investigate Chinese companies for what one senator believes are wanton and blatant violations of US disclosure laws that have gone unchecked…
But while I have no hesitation in characterizing the government’s parallel actions as AI-related, at another level this situation is basically just a garden-variety fraud. Saniger allegedly sought to deceive investors with what is basically a hoax. The kind of investor deception alleged here was always going to attract the attention of prosecutors and regulators, regardless of whether or not…