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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInEmoji Context Matters When Judged by Courts and Regulators
In court cases, it may be appropriate to judge emojis because such cases may involve one or a small number of emojis, allowing the fact finder to conduct an in-depth review of the context, as well as interpretations offered by the sender and recipient. These factors may allow courts to apply an objective standard. In […]
The Moon Emoji Is Securities Fraud – Bloomberg
What? The idea here is that the moon emoji represents not just optimism about the stock, not “mere puffery,” but that it represents “an expert insider’s direction to buy or hold.” That is a lot of weight to put on that little emoji. I wonder if some portfolio manager at a big hedge fund loaded […]
Wall Street Regulators’ New Target: Emojis – WSJ
Emojis are used to make text messages more vivid and personal, but Wall Street regulators say business-related messages with emojis may pose a problem for financial institutions if the correspondence isn’t captured and monitored properly. *** Texts tend to be shorter than emails and include more acronyms, so maintaining a surveillance system that interprets messages […]