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Join the Securities Litigation and Enforcement Group on LinkedInCryptocurrency Exchanges Need Direct Regulation, SEC Chair Says | Barron’s
Gensler said the SEC is working on guidance for crypto custody, and then said that he thinks exchanges need more direct oversight. He added that “only Congress that could really address it.” “Right now the exchanges trading in these crypto assets do not have a regulatory framework, either at the SEC or our sister agency, […]
The new ‘deal tax’: SPAC defendants are paying plaintiffs lawyers to drop N.Y. state suits | Reuters
In the last seven months, lawyers from a handful of shareholder firms have filed more than 60 lawsuits in New York State Supreme Court in Manhattan against board members of special purpose acquisition companies, accusing SPAC directors of breaching their duty to investors by omitting important information from public filings about their proposed acquisitions. The […]
Elizabeth Holmes’ lavish lifestyle looms over Theranos fraud case
Elizabeth Holmes’ jet-setting, lavish lifestyle as CEO of Theranos took center stage on Thursday as her attorneys argued it was irrelevant to her criminal fraud case. “What she wore, where she stayed, how she flew and what she ate has nothing to do with this trial,” said Holmes’ attorney Kevin Downey, adding that its “inflammatory […]
Former SEC Division of Enforcement Assistant Director Ranah Esmaili Joins Sidley in Washington, D.C. | Sidley Austin LLP
Sidley is pleased to announce that Ranah Esmaili, former Assistant Director in the Enforcement Division of the U.S. Securities and Exchange Commission (SEC), has joined the firm in Washington, D.C., as a partner in its Securities Enforcement and Regulatory practice. Ms. Esmaili served as Assistant Director of the Asset Management Unit, a national specialized unit […]
SEC Charges Under Armour Inc. With Disclosure Failures
The Securities and Exchange Commission today charged sports apparel manufacturer Under Armour Inc. with misleading investors as to the bases of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects. Under Armour has agreed to pay $9 million to settle the action. Source: SEC.gov | SEC Charges Under Armour Inc. With […]