Citadel Securities Urges SEC to Take Oversight of Some Wagers Citadel Securities told regulators that prediction market contracts linked to publicly-traded companies should be overseen by the Securities and Exchange Commission instead of the agency that has taken responsibility for them so far, the Commodity Futures Trading Commission. The firm wrote in a letter Wednesday that contracts tied to "key…
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Winston Taylor announced today that John D. Mitchell, a former Assistant U.S. Attorney in the Northern District of Illinois and Senior Attorney in the SEC’s Division of Enforcement, has joined as a partner in the firm’s Investigations & White Collar Defense Practice in Chicago. An accomplished trial and regulatory lawyer, John brings more than a decade of government and private…
Savitt’s move is notable even in an industry gripped by a transfer-market fren y in recent years, where superstars are offered pay packages in excess of $20mn a year to jump ship. Such moves have largely applied to top M&A and private equity lawyers, who produce a large and growing fee pool that is more predictable than litigation work. Savitt’s…
Former congressman George Santos will pay more than $35,000 to settle a regulator’s claim that he manipulated wagers on prediction market Kalshi over whether he would attend the State of the Union. The Commodity Futures Trading Commission said Friday that Santos made over $17,000 by making timely bets on his attendance at the president’s annual address to Congress. The regulator…
Hueston Hennigan announces the addition of Ben Balding as of counsel in its Los Angeles office. Mr. Balding was most recently a supervisory assistant U.S. attorney in the Criminal Division at the U.S. Attorney’s Office for the Central District of California, where he served as lead or co-lead counsel in more than 10 trials. With nearly 20 years of experience…