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Law.com

Former Oregon Securities Broker Sentenced to More Than 4 Years in Federal Prison

A former Oregon securities broker was sentenced to federal prison for willfully evading a $2.5-million personal income tax payment to fund his lavish…
2 minute read

The Recorder

Cooley Reps Freshworks in Securities Suit Alleging Software Company Made Misleading Statements Ahead of $1B IPO

Partners Shannon Eagan and Patrick Gibbs of Cooley have entered appearances for software company Freshworks Inc. and certain executives in a pending shareholder…
1 minute read

Law.com

In Robinhood Case, Mass. High Court Mulls Whether State Secretary Can Enforce Novel Fiduciary Duty on Broker-Dealers

"We think this rule falls far outside what is a reasonable rule of unethical because one, it conflicts with the SEC's rule; two, it conflicts with the common law; and three, the secretary has pointed to no authority outside the state that has adopted a similar rule," Amy M. Saharia, a partner at Williams & Connolly, argued on behalf of Robinhood, noting that Section 415 of the act in question makes clear to "make the law of Massachusetts uniform with its sister jurisdictions and the federal government."
5 minute read

Texas Lawyer

SEC Heads to Court to Stop Texas Company From Soliciting Investors in Oil and Gas Fund

This suit was surfaced by Law.com Radar.
1 minute read

Pro Mid Market

Post-FTX, Crypto Enforcement Actions and Class Actions Drive Demand

In a post-FTX world, the landscape for digital assets participants remains tumultuous. Some specialized law firms are capturing a meaningful stake in the work, as enforcement actions explode and securities class actions soar.
6 minute read

The Legal Intelligencer

FINRA Proposal Creates Urgency for Brokers Seeking Expungement of Customer Complaints

With the SEC's approval of arguably the most sweeping changes ever to FINRA expungement rules, brokers will soon be faced with even greater difficulty when seeking to expunge their records of career-damaging customer complaints.
6 minute read

National Law Journal

Supreme Court Will Review Burden of Proof of Corporate Whistleblowers

The justices will consider if and when the burden shifts to employers to show they did not unlawfully retaliate against a whistleblowing employee.
4 minute read

The Recorder

Ginkgo Bioworks Faces Securities Litigation After Going Public Via SPAC Merger

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

The Legal Intelligencer

The SEC's Rulemaking and Enforcement Priorities in 2023

Certain commission activities in 2022, such as proposed rules mandating climate disclosures, amendments to the proxy process, and enforcement actions in the crypto assets space, look set to form the foundation of the SEC's rulemaking and enforcement agenda in 2023 as set forth in this overview.
7 minute read

The Recorder

Momentive Global Faces Shareholder Suit Over Proposed $1.5B Acquisition by PE Consortium

Momentive Global and members of its board of directors were hit with a shareholder lawsuit on Wednesday in California Northern District Court over the…
1 minute read

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