U.S. Securities and Exchange Commissioner Gary Gensler. Photo: Diego M. Radzinschi/ALM SEC Will Prioritize Cryptocurrency, Emerging Financial Technology in the Next Year
"The division's efforts, as laid out in the 2024 priorities, enhance trust in our ever-evolving markets," SEC Chair Gary Gensler said.
October 20, 2023 at 05:29 PM
5 minute read
Cryptocurrency
U.S. Securities and Exchange Commission examiners will focus on cryptocurrency and emerging financial technology in the coming year, the SEC stated in its 2024 Exam Priorities report released this week.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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