‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInJordan Thomas’s Army of Whistle-Blowers | The New Yorker
Thomas thinks he can help upend the notion that, whenever a whistle-blower acts, “the company crushes them and now they live in a motel eating cat food.” He concedes that sometimes “there are bad outcomes,” but says that his work “is about levelling the playing field.” By any measure, his practice has been a success. […]
Elon Musk’s Tesla Asked Law Firm to Fire Associate Hired From SEC – WSJ
A partner at law firm Cooley LLP got an unexpected call late last year from a lawyer for one of the firm’s most famous clients, Elon Musk’s Tesla Inc. with an ultimatum. The world’s richest man wanted Cooley, which was representing Tesla in numerous lawsuits, to fire one of its attorneys or it would lose […]
Feb. 1 Webcast — SEC Enforcement: A Look Back at 2021, and What to Expect in 2022
Please join Bill McLucas, Doug Davison, Marty Wilczynski and Steve Richards for this free webcast.
Regulating via Social Media: Deterrence Effects of the SEC’s Use of Twitter by Jinjie Lin — SSRN
This paper presents the ?rst evidence of the e?ect of ?nancial regulators’ social media use on corporate and individual behavior. Using the staggered launch of U.S. Securities and Exchange Commission (SEC) regional o?ces’ Twitter accounts, I ?nd that ?nancial regulators’ presence on social media reduces opportunistic insider trading, customer complaints against investment advisers, and ?nancial […]
WHY U.S. BUSINESSES MAY STOP ACCEPTING CRYPTOCURRENCY BY 2024
It may be time to sound the death knell for U.S. businesses accepting bitcoin and the rest of the 8,000 or so cryptocurrencies that currently circulate. Two startling yet barely noticed recent regulatory developments, one enacted into law last month and the other likely imminent, are on course to dramatically curtail the number of U.S. […]
Ossoff Is Right About Stock Trading Ban for U.S. Lawmakers – Bloomberg
Thanks to ethics legislation that Senator Jon Ossoff is considering, Congress will have to focus more purposefully on one of Washington’s most persistent and egregious financial conflicts: stock trading. The Georgia Democrat will seek to ban trading in individual stocks by federal legislators and family members; he is reportedly looking for a Republican co-sponsor before he […]
SEC Should Follow Congress’ Pragmatic Approach On Crypto
The best way to understand the current state of cryptocurrency regulation is to consider a hypothetical conversation from 100 years ago between Ford Motor Co. and the Horse-and-Buggy Commission. “Sir, may I see your horse-and-buggy license before we let you on the road?” “Um, this is a motor car fueled by a combustion engine, I […]
Jury in Elizabeth Holmes Trial Seized on Two ‘Smoking Guns’ to Convict Theranos Founder, Juror Says – WSJ
For some, the damning evidence—and what Ms. Stefanek called the first smoking gun—was a report Theranos gave investors that Ms. Holmes altered to make it look like it was an endorsement from Pfizer Inc. For Ms. Stefanek, the second was a document of financial projections given to prospective investors, the juror said, including prosecution witness […]
U.S. Attorney’s Office Corporate and Securities Fraud Chief William Frentzen Joins Morrison & Foerster
Morrison & Foerster, a leading global law firm, is pleased to announce that William Frentzen has joined the firm as a partner in its Securities Litigation, Enforcement, and White Collar Defense Group. Mr. Frentzen brings to the firm more than two decades of prosecutorial experience investigating and trying high-profile criminal cases, including spending the last […]