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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC Veteran Kelly Gibson to Join Morgan Lewis’s Securities Enforcement Team – Morgan Lewis
Morgan Lewis continues expanding its deep bench of former government officials with the arrival of Kelly Gibson, who has held both national and regional leadership roles over her 14 years with the US Securities and Exchange Commission (SEC). Kelly will join the firm as a partner and co-leader of the securities enforcement practice, resident in […]
Kelly L. Gibson, Director of the Philadelphia Regional Office, to Leave the SEC; Scott Thompson and Joy Thompson named Office Acting Co-Heads
The Securities and Exchange Commission today announced that Kelly L. Gibson, Director of the Philadelphia Regional Office, will leave the agency on Feb. 11 after 14 years of service. Joy Thompson and Scott Thompson will replace her as Acting Co-Directors. Source: SEC.gov | Kelly L. Gibson, Director of the Philadelphia Regional Office, to Leave the […]
Who will get bitcoin back after arrests in Bitfinex hack? – Los Angeles Times
David Silver, a lawyer who specializes in financial and cryptocurrency-related fraud, said since the seizure was announced Tuesday he has received dozens of calls from individuals saying they lost money in the 2016 online heist and they want to get their coins back. Twitter has been whipped into a frenzy as well, with posters asking […]
Stradley Ronon Securities Practice Gains High-Ranking SEC Litigator | The Legal Intelligencer
Stradley Ronon Stevens & Young has recruited another high-ranking attorney from the U.S. Securities and Exchange Commission to counsel financial services clients in securities litigation. Jan M. Folena, former supervisory assistant chief litigation counsel in the SEC’s enforcement division, joined Stradley Ronon after more than 20 years of litigating in federal court as a government attorney. Based […]
No More Insider Trading in Congress – WSJ
Congress should do the same. During my time at Goldman Sachs, essentially all employees were banned or heavily discouraged from trading single-name stocks in personal accounts. Over the past decade, this has slowly become the norm at Wall Street banks. This wouldn’t be so bad for public officials either. Exchange-traded and index funds offer some […]
Congress moves towards banning members from trading stocks
House Speaker Nancy Pelosi and Democratic leaders have greenlighted a plan to craft legislation that would ban members of Congress from trading stock, CNBC confirmed on Wednesday. At Pelosi’s direction, the House Administration Committee is working on drafting the rules, and the legislation is expected to be put up for a vote this year, likely […]
CoinDesk fixes a CMS leak that may have been used for crypto insider trading – REPORT DOOR
CoinDesk has fixed an exploit that allowed anyone to view unpublished headlines, create drafts, and edit articles on the website. In a post on its site, CoinDesk says the vulnerability could’ve let “unidentified actors” view non-public information, allowing them to make trading decisions they could profit from. “The issue is now fixed and added safeguards […]
Debevoise to Add SEC Veteran Kristin Snyder as White Collar Partner in San Francisco
Debevoise & Plimpton LLP announced today that Kristin Snyder will join the firm’s San Francisco office as a partner in the White Collar & Regulatory Defense Group on March 14. Ms. Snyder, who most recently served as Deputy Director of the Division of Examinations at the U.S. Securities & Exchange Commission (SEC), will focus on […]
New Lawsuit Reflects Cybersecurity and Coronavirus-Related Litigation Trends | The D&O Diary
Readers of this blog know that two important current litigation trends involve the filing of claims relating to cybersecurity incidents and the filing of COVID-19-related claims. A new securities class action lawsuit filed this week touched on both of these securities suit filing trends. Secure technology company Telos Corporation was hit with a securities suit […]
US Officials Seize $3.6B in Bitcoin From 2016 Bitfinex Hack
On Tuesday, agents arrested two individuals in New York on charges they conspired to launder proceeds from the Bitfinex hack in 2016. The married couple, Ilya “Dutch” Lichtenstein and Heather Morgan, will appear in court at 3:00 p.m. ET in New York, according to a U.S. Department of Justice press release. Some 120,000 BTC was […]