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A group of senate Republicans decried Nasdaq’s push for greater diversity on corporate boards, saying it interfered with board members’ duty to govern in the best interests of shareholders and could harm financial performance. In a letter on Friday, all 12 Republicans on the Senate Banking Committee called on the Securities and Exchange Commission to […]
Miami Mayor Francis Suarez proposed paying municipal workers and collecting taxes in Bitcoin, expanding a campaign to promote cryptocurrencies. The mayor wants to allow the City of Miami’s workers to choose to receive all or a portion of their pay in Bitcoin, according to a resolution passed by the city’s governing commission. In addition, the […]
Major areas of work that Peirce is likely to take point on will be SEC approval of initial public offerings for crypto firms like Coinbase, the first U.S.-authorized Bitcoin ETF and, of course, that ICO safe harbor. Per SEC policy, we won’t get to hear what Peirce actually thinks about the SEC’s pursuit of Ripple […]
So for many white collar criminal defence lawyers, Trump’s defeat at the hands of Democrat Joseph Biden has been cause for celebration. “The Trump administration’s approach to dealing with white collar crime can be encapsulated in the dozens of pardons that president Trump granted to white-collar criminals stretching back decades,” said Daniel Horwitz, a former […]
Paul, Weiss, Rifkind, Wharton & Garrison LLP announced today that Melinda Haag, Walter Brown and Randy Luskey will join the firm as partners in the Litigation Department, and Jeremy M. Veit as a partner in the Corporate Department. The four additions will form the foundation for the new Paul, Weiss Northern California office, alongside litigation […]
Tesla announced Monday that it bought $1.5 billion worth of bitcoin, according to a filing with the SEC. The company said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash,” according to the filing. In addition to the purchase, Tesla said it would start accepting payments in bitcoin […]
Through the use of automated processes performed by software, a web scraper visits a website and attempts to gather relevant data or information that may be provided on the site, such as consumer product reviews or social media profile data. That information may be readily accessible through a simple Google search, or it may require […]
“If they are all egging each other on using a social-media platform, they are effectively engaged in a crowdsourced pump-and-dump scheme,” said Daniel Hawke, a partner at Arnold & Porter Kaye Scholer LLP. The traders “are making no effort to conceal their apparent intent to manipulate the price of the stock,” added Mr. Hawke, a […]
The GameStop stock rally is the handiwork of r/WallStreetBets, a Reddit community where people share news, memes and personal anecdotes about playing the stock market. Here’s how the WallStreetBets group came to power, and how they’re wielding their collective capacity to troll the stock market—and make millions of dollars doing it. Source: GameStop Stock, Explained: […]
Intel launched an investigation after a hacker reportedly stole part of its quarterly earnings report, forcing the computer-chip maker to publish its results early. Chief financial officer George Davis told the Financial Times that an infographic from its earnings release was hacked from the company’s PR website. Source: Intel probes reported hack of quarterly earnings […]