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After 17 years with the U.S. Securities and Exchange Commission, former official Anita Bandy is joining Skadden, Arps, Slate, Meagher & Flom’s Washington, D.C., office as a partner next month, the firm announced Monday. Bandy told Reuters in an interview that she hadn’t initially intended on making a career with the regulatory agency but that […]
The New York Stock Exchange is stepping into the nonfungible tokens market in earnest, with plans to do for digital assets what it does for stocks. The NYSE said in a regulatory filing with the U.S. Patent and Trademark Office that it wants to be a financial exchange for cryptocurrencies and NFTs that would compete […]
Sidley is pleased to announce that David L. Anderson and Sheila A.G. Armbrust have rejoined the firm as partners in its San Francisco office after serving as the U.S. Attorney and Assistant U.S. Attorney for the Northern District of California, respectively. Mr. Anderson and Ms. Armbrust are members of the firm’s White Collar: Government Litigation […]
Please join Emmanuel Ayuk, Veeral Gosalia, Irumire (David) Okhumale, and Alex Semertzides for this free webcast.
Saltzstein discusses why we’re now seeing more lawsuits targeting these transactions despite the fact that SPACs themselves are not new. In her estimation, the allegations in these cases are not unique or groundbreaking, but the trend is being driven by the plaintiffs bar turning its attention toward SPACs perhaps simply because of the sheer number […]
Biden’s overall fiscal 2022 budget proposal calls for roughly $6 trillion in spending, a 35% increase from pre-pandemic, 2019 spending of $4.4 trillion, but requests only a 5% increase from the 2021 fiscal-year request for the Securities and Exchange Commission — below the average budget increase over the past 25 years. Advocates for financial reform […]
The Senate on Tuesday confirmed Lisa Monaco to be deputy attorney general, putting a seasoned national-security official in charge of the Justice Department’s day-to-day operations as it confronts a rise in domestic extremism and threats from abroad. Ms. Monaco, 53 years old, was confirmed in a 98-2 vote, with Democrats and Republicans alike praising her […]
One of the men behind Australia’s biggest insider trading case has broken his silence, detailing his role in a heist of almost $8 million involving secret accounts, betrayal and a police chase resembling a mafia sting. Christopher Hill, who worked at the Australian Bureau of Statistics at the time, and passed confidential information to NAB […]
There are several relatively straightforward steps the Biden administration could take. They involve the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB). Some would require legislation, and some assume the new administration can muster a working majority at the SEC. But to really make a difference, the Biden administration will […]
Change is afoot within the SEC. Not only will the regulatory body see its current Chairman, Jay Clayton, exit his role in the coming weeks, but a restructuring is taking place. The ‘Strategic Hub for Innovation and Financial Technology’ – a working group within the SEC – will soon find itself branching off, becoming a […]