‘Enforcement 40’ for 2020
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Tesla’s founder and CEO Elon Musk has said the electronic car maker now accepts bitcoin as a payment method. Musk said in a tweet early Wednesday UTC time that “You can now buy a Tesla with Bitcoin.” Source: Elon Musk says Tesla now accepts bitcoin as a payment method
Leon Black quits leadership positions at Apollo | Financial Times
Leon Black has quit his leadership positions at Apollo Global Management, ceding power after the investment firm he co-founded 30 years ago became overshadowed by an outcry over his ties to the late paedophile Jeffrey Epstein. Former Securities and Exchange Commission chairman Jay Clayton will become non-executive chairman, a role that Apollo had previously indicated […]
CalPERS whittles CIO pool to 3 before calling off search
CalPERS had whittled the number of finalists for its next CIO to three, but announced Friday that it has suspended the search without making an offer and will pick it back up in June. Officials at the $439.5 billion pension fund plan to revisit the criteria for the job as well as the search process […]
Chamber Urges SEC Caution on Climate Disclosure – CFO
“The Chamber urges caution regarding the SEC’s recently-announced ESG enforcement initiative,” Executive Vice President Tom Quaadman wrote, noting that it “appears to take an enforcement-first approach to ESG and climate change even though the commission has not yet completed its review and updates to the 2010 guidance regarding climate change disclosures.” “We are deeply concerned […]
The Top 100 Corporate Crime Movies
Back by popular demand, last week, Corporate Crime Reporter released the Top 100 Corporate Crime Movies, 39 of which are documentaries. “We took nominations from corporate crime experts around the country,” said Russell Mokhiber, editor of Corporate Crime Reporter. “And we pared down the list from about 150 nominees. Surely, we have left out some […]
Elon Musk Is Out of Control: It’s the General Counsel’s Fault, Suit Alleges | Corporate Counsel
A newly unsealed lawsuit alleging that Tesla Inc.’s board of directors failed to appoint a general counsel who could stand up to controversial CEO Elon Musk highlights the limited options that company counsel have when dealing with difficult bosses. Tesla investor Chase Gharrity alleges, in a derivative suit filed in the Delaware Court of Chancery, […]
For Creators, Everything Is for Sale – The New York Times
Zack Honarvar, 27, the founder of the talent management firm One Day Entertainment, said that he and Airrack, a creator he manages, have been playing around with using NFTs to give fans “shares” of a YouTube video. “Before the video goes up, we could break it into, say, 10 clips, then mint those 10 clips […]
Registration of Commodity Brokers-Dealers, Salespersons, and Investment Advisors Doing Business Relating to Virtual or “Crypto” Currency–NYAG
New York Attorney General Letitia James issues this alert to remind industry members that people and entities dealing in virtual or “crypto” currencies that are commodities or securities in the state of New York, and who do not qualify for an exemption, must register with the Office of the Attorney General. Failure to do so […]
New CFP Board Enforcement Chief Brings Separation of Functions
His hiring and the board’s rearrangement of its enforcement structure involved a separation of the responsibilities that go into any given investigation into a CFP professional’s conduct. Sporkin’s team manages the detection, investigation and prosecution of alleged violations of the board’s Code of Ethics and Standards of Conduct, while General Counsel Leo Rydzewski handles the […]
NYAG’s Probe of Bitfinex, Tether Ends in an $18.5M Settlement – CoinDesk
Charles Michael, a partner at law firm Steptoe & Johnson LLC who represented the companies in the inquiry, said the settlement “resolves allegations about public disclosures” around Tether’s loan to Bitfinex. “To the Attorney General’s office’s credit, after two and a half years of investigation, [its] findings are limited only to the nature and timing […]