Banking & Finance
SEC takes shots at meme stocks, retail trading, and crypto bros in a PSA. Reddit responds that it’s victim blaming
FinanceThe Securities and Exchange Commission just revealed that it thinks meme stocks are a joke—and took some shots at crypto bros while it was at it. Retail trading communities
SEC v. Ripple: Hinman Docs Become Focus of New Conference
FinanceMagistrate Judge Sarah Netburn has scheduled a new conference between the U.S. Securities and Exchange Commission and Ripple lawyers to discuss renewed assertions of attorney-client privilege…
WEF 2022: Ripple CEO reveals he visited SEC several times before lawsuit struck
FinanceCentral Payment Co. has agreed to an $84 million settlement resolving claims it misrepresented and improperly added fees for its card-processing services. The class is made up of current
What are Governance Tokens? How Token Owners Shape a DAO’s Direction
FinanceBlockchain technology has opened up a world of new possibilities. From decentralized finance (DeFi) to digital scarcity and ownership through NFTs, there’s been an explosion…
Climate Plan Puts SEC in Rare Role as Accounting Rule-Writer
FinanceThe U.S. Securities and Exchange Commission’s landmark climate change proposal thrusts the Wall Street regulator into a role it usually takes pains to avoid: setting accounting rules…
2021 Antitrust Year in Review
FinanceWilson Sonsini Goodrich & Rosati is pleased to present its 2021 Antitrust Year in Review. This report summarizes the most significant antitrust matters and developments of the past year
The Pandemic Drove Up Compliance Costs; Here’s How To Get Back On Track
FinanceThe Covid-19 pandemic’s impact on the economy is far from over. Ripple effects spread far beyond the typical business’s bottom line
Five Trends Shaping Governance, Risk and Compliance
NewsAs a result of the pandemic, businesses have been forced to rethink their operational resilience — especially when you consider 2020 was a record year for data breaches
Swiss Bank Julius Baer Agrees to Pay $79M Settlement for Role In FIFA Corruption Scandal
News“A Swiss bank implicated in FIFA corruption investigations said Monday it has agreed to a settlement in principle with the US Department of Justice and set aside $79.7 million to pay expected fines.
DOJ Sues to Block Visa Acquisition of Fintech Startup Plaid
NewsThe federal government is suing to block Visa’s $5.3 billion acquisition of fintech startup Plaid, alleging the merger violates antitrust laws.
Coral Gables Attorney Accused of Multiple Bank Robberies
NewsA South Florida lawyer has been arrested for his involvement in at least five robberies or attempted robberies of local banks, FBI officials said Wednesday.
Attorney Prominent in the Crowdfunding Sector is Target of SEC Enforcement Action
NewsThe Securities and Exchange Commission (SEC) issued a litigation release today alleging charges of microcap fraud that involved an attorney prominent in the US crowdfunding sector.
DOJ Reached $46M Settlement with 5Dimes for Illegal Sports Betting
News5Dimes and the U.S. Department of Justice reached a $46.8 million settlement of an investigation into illegal US sports betting operations, as well as money laundering and wire fraud.
South Florida Lawyer Charged with Fraud Related to 1 Global Capital Investment Scheme
NewsA Florida attorney and former outside counsel for 1 Global Capital LLC (1 Global), has been charged today with conspiring to commit wire fraud and securities fraud in connection with an investment fraud scheme that, as alleged, impacted more than 3,600 investors in 42 different states, and involved him personally and fraudulently raising more than $100 million from investors.
JPMorgan to Pay a Record $1B to Settle Market-Manipulation Charges
NewsJPMorgan is set to pay nearly $1 billion to settle with US authorities investigating whether the bank manipulated the metals and Treasury markets.
E-Signatures White Paper: Beyond Business Continuity
InsightOneSpan has published a white paper titled “Beyond Business Continuity, The New Normal in Remote Banking and Insurance” and made it available for downloading at no charge.
‘Lottery Lawyer,’ Others Accused of Swindling Winners Out of Millions
News
The self-proclaimed ‘Lottery Lawyer’ has been charged in a scheme in which tens of millions of dollars was swindled from lottery winners.
World Acceptance Corporation Settles FCPA Charges with the SEC for $21.7 Million
News
World Acceptance Corporation (WAC), a US-based consumer loan company, agreed to pay the SEC $21.7 million for FCPA violations in Mexico. WAC’s cited violations covered the full gamut of FCPA violations, including bribery payments to government officials in Mexico, failure to keep accurate books and records and inadequate internal accounting controls.
UBS Agrees To Pay $10M To Settle Bonds Sale Violation Charges With SEC
News
A unit of UBS Group AG is paying $10 million to settle charges with the United States Securities and Exchange Commission that it broke rules concerning giving priority to small investors in the purchase of municipal bonds.
No End in Sight for Business of ERISA Litigation
News
ERISA litigation continues to flourish thanks to veteran plaintiffs’ attorneys refining their strategies, newcomers entering the ERISA arena using traditional arguments and lawsuits being filed against smaller plans.
