By Phillip Bantz | December 27, 2018
The settlement highlights the pitfalls of weak American Depositary Receipts compliance efforts as the SEC continues to crack down on the improper handling of ADRs and pre-release transactions. This was the SEC's eighth ADR-related action against a bank or broker and its fourth action against a depositary bank.
By Robert Long | December 26, 2018
An SEC case, like a chain, is only as strong as its weakest link.
New York Law Journal | Analysis
By C. Evan Stewart | December 26, 2018
Three times the U.S. Supreme Court has held that there is no aider and abettor liability for secondary actors.The Securities and Exchange Commission has never really taken “no” for an answer, however, and has continually tried to work a way around it. The Commission is at it again, this time in 'Lorenzo v. S.E.C.', discussed here.
Delaware Business Court Insider | Commentary
By Barry M. Klayman and Mark E. Felger | December 19, 2018
In CapStack Nashville 3 v. MACC Venture Partners, Vice Chancellor Sam Glasscock III considered whether equity had jurisdiction to entertain a temporary restraining order that would have the effect of a prior restraint on speech.
By C. Ryan Barber | December 18, 2018
The arrest of a Huawei executive in Canada amid escalating trade and diplomatic tensions is keeping international lawyers busy—fielding calls about US executive travel. Plus: our weekly roundup of Who Got the Work and compliance and government affairs headlines that caught our eye. Thanks for reading!
By Marcia Coyle | December 14, 2018
"In short, the government dug in its heels all the way to the end, and lost it all," Gibson Dunn said in its fee petition in the D.C. Circuit, where the firm was pro bono in a case challenging the appointment of SEC administrative law judges.
By Marcia Coyle | December 14, 2018
"In short, the government dug in its heels all the way to the end, and lost it all," Gibson Dunn said in its fee petition in the D.C. Circuit, where the firm was pro bono in a case challenging the appointment of SEC administrative law judges.
By Ian Lopez | December 13, 2018
UCLA Law's James Park says "the burden is really on the blockchain industry to show these are some projects that are good that have worked and are worthwhile. Once you begin seeing those, I think the SEC should really think seriously about giving a little more leeway to raise funds without registration."
By Phillip Bantz | December 13, 2018
Jared Rice Sr. and Stanley Ford, who served as CEO and COO of the Dallas-based AriseBank, respectively, also have been barred for life from serving as officers and directors of public companies and participating in digital securities offerings.
By Scott Flaherty | December 12, 2018
Sidley Austin says a group of investment advisers should also be punished if the firm ultimately loses an investor class action that has accused it of helping Aequitas Securities perpetrate fraud.
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