‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInEverybody take the week off, Wall Street firm tells staff
No calls, no emails and no meetings. That’s the order this week from Aquiline Capital Partners to its staff. The private equity firm is putting all employees on vacation, people familiar with the matter said. It’s an unusual move intended to recognize employees and avoid burnout from the physical and mental pressure of the COVID-19 […]
Wall Street Enforcement to Get Tougher as SEC’s New Top Cop Gets to Work | US News
“Gurbir enjoys a reputation as being a 20-hour-a-day guy,” said John Carney, who ran the same economic crimes unit from 2002-2005. Tough enforcement is a priority for Democrats who say the Trump administration was soft on Wall Street. Under Trump, the SEC focused much more on smaller-scale fraud instead of big corporations, according to Georgetown […]
FINRA Enforcement Senior Director Justin L. Chretien Joins Carlton Fields in Washington, D.C. | Carlton Fields
Carlton Fields is pleased to announce that acclaimed securities enforcement litigator Justin L. Chretien has joined the firm’s Financial Services Regulatory Practice as a shareholder in Washington, D.C. He was most recently a Financial Industry Regulatory Authority (FINRA) senior director who oversaw hundreds of cases against broker-dealers and associated persons. Source: FINRA Enforcement Senior Director […]
2021 Mid-Year Securities Enforcement Update
This mid-year update marks the first six months of the Commission under the Biden administration. Change came swiftly, yet is only just beginning. In this update, we look at the significant developments from the first six months of 2021, and consider what to expect from new leadership at the Commission and the Enforcement Division. In […]
Gibson Dunn picks up Latham litigator with Big Four client ties | Reuters
Gibson, Dunn & Crutcher on Friday announced it has picked up a Latham & Watkins securities litigator who has counted accounting firms Deloitte, Ernst & Young and BDO among his clients. James Farrell is joining Gibson Dunn as a partner in its New York office, where he will continue his complex civil litigation practice focused […]
The SEC’s Continued Focus on Cybersecurity Enforcement | Kramer Levin Naftalis & Frankel LLP
On June 14, the Securities and Exchange Commission (SEC) announced a $490,000 settlement with the real estate services provider First American Financial Corporation (First American) for violations of disclosure controls and procedures related to cybersecurity vulnerabilities. Notably, the SEC’s case against First American did not specifically focus on a cyberattack or allege an underlying securities […]
Former SDNY Corruption Unit Chief Joins McDermott – McDermott Will & Emery
International law firm McDermott Will & Emery announced that Edward (Ted) Diskant has joined the Firm’s New York office as a partner in its Litigation Practice. Ted is the former head of the Public Corruption Unit in the US Attorney’s Office for the Southern District of New York, where he led a team of approximately […]
Sen. Warren warns of cryptocurrency risks, presses SEC on oversight authority | Reuters
“While demand for cryptocurrencies and the use of cryptocurrency exchanges have sky-rocketed, the lack of common-sense regulations has left ordinary investors at the mercy of manipulators and fraudsters,” Warren said in a statement. “These regulatory gaps endanger consumers and investors and undermine the safety of our financial markets. The SEC must use its full authority […]
Eversheds Sutherland Adds Accomplished Financial Services Enforcement Counsel Ellen Sheridan-Cona as Counsel in New York – Eversheds Sutherland
Eversheds Sutherland is pleased to announce that Ellen Sheridan-Cona has joined the firm’s Litigation Practice Group as counsel in the New York office, bolstering the firm’s financial services litigation practice particularly in enforcement, compliance and regulatory matters. Ms. Sheridan-Cona joins Eversheds Sutherland from the Financial Industry Regulatory Authority (FINRA), where she was senior regional counsel […]
A Bitcoin ETF Would Be Good for Investors and Regulators – Bloomberg
Some might say approving an ETF only further legitimizes an industry that we should be trying to contain. But the traditional approach to financial market regulation is to refrain from such judgments, and instead to require transparency and integrity in markets and let investors make their own decisions. So, if it’s unlikely that Congress will […]