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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInU.S. securities regulator probes Didi Global’s $4.4 billion IPO | Reuters
The U.S. Securities Exchange Commission is investigating Didi Global Inc over its $4.4 billion initial public offering in the United States in June last year, the Chinese ride-hailing giant said. Didi was cooperating with the U.S. securities regulator’s investigation related to the offering, “subject to strict compliance” with Chinese law, the company said in its […]
Is Stock Market Rigged? Bill Hwang Arrest Is Start of Trading Crackdown – Bloomberg
All of Wall Street should pay close attention. The Hwang case marks an upswing of federal investigations into a slew of suspected trading abuses. Three other broad inquiries have emerged in recent months to examine so-called block trades, short sales, and well-timed wagers. They all center on the same question: Are markets rigged? Source: Is […]
Nov. 17 Webcast: Internal Investigations in Brazil and the U.S. – Comparative Approaches and Challenges
Please join Iris Bennett, Carlos Ayres and Steven Neuman for this free webcast.
July 28 Webcast: The Modernization of Communications and Corporate Investigations
Please join Emmanuel Ayuk, Veeral Gosalia, Irumire (David) Okhumale, and Alex Semertzides for this free webcast.
Finablr appoints law firm Skadden to investigate potential misconduct
Finablr has appointed law firm Skadden to help investigate potential wrongdoing and theft within the payments group as it seeks answers about £1bn of undisclosed debt discovered on its balance sheet earlier this year. UAE-based Finablr is part of the business empire of BR Shetty, who floated the group in London last year at a […]
Tesla Faces a New S.E.C. Investigation – The New York Times
Tesla received a subpoena in December from the Securities and Exchange Commission asking the electric-car maker to turn over information about its financial data and contracts, the company said in a filing with the agency on Thursday. In the filing, Tesla also said the S.E.C. had closed a separate investigation into projections and statements the […]
Snap says DOJ, SEC drop probe on IPO disclosures – Reuters
Snap Inc said on Wednesday that the U.S Department of Justice and the Securities and Exchange Commission were no longer investigating whether the company misled investors at the time of its March 2017 initial public offering. via Snap says DOJ, SEC drop probe on IPO disclosures – Reuters.
SEC drops Exxon climate-change probe in latest blow to #ExxonKnew campaign – Washington Times
The Securities and Exchange Commission has dropped its probe into whether ExxonMobil misled investors about climate change, the latest blow to the environmental movement’s bid to pin global warming on the oil-and-gas industry. via SEC drops Exxon climate-change probe in latest blow to #ExxonKnew campaign – Washington Times.
SEC Probes Wells Fargo, Bank Ups Legal Reserves Fund – The New York Times
Wells Fargo has confirmed the existence of an investigation by the Securities and Exchange Commission into its sales practices, and the bank revealed that it has almost doubled funds set aside to deal with its ongoing legal problems. via SEC Probes Wells Fargo, Bank Ups Legal Reserves Fund – The New York Times
SECs Trader-Based Approach To Insider Trading Enforcement – Lexology
The SEC’s increasingly sophisticated ability to, in Friestad’s words, connect “patterns of trading to sources of material nonpublic information,” therefore, should sound as an alarm bell to professional traders and portfolio managers whose otherwise innocent trading may come under enhanced scrutiny, and to compliance departments tasked with administering information controls, reviewing employee personal trading and […]