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Recently, the U.S. Court of Appeals for the Second Circuit issued its decision in SEC v. Fowler, 6 F.4th 255 (2d Cir. 2021), rejecting an argument that a federal district court lacked...
In a major development in the SEC fraud case, Elon mask agreed to resign as the Tesla Chief Executive Officer on Sunday. Furthermore, the US car company and Musk will pay a total of USD 40 million to settle the government lawsuit alleging Musk duped investors with misleading tweets about stock prices.
Tuesday, July 20, 2021 Last month, the U.S. Securities and Exchange Commission (“SEC”) released its 2021 regulatory agenda that included the affirmative defense provisions of Rule 10b5-1 among the areas in which the agency may take additional rulemaking action. 1 This release followed an announcement by SEC Chairman Gary Gensler (“Gensler”) on June 7, 2021, that he had directed SEC staff to consider both tougher restrictions on securities trading by corporate insiders pursuant to Rule 10b5-1 trading plans and increased transparency for such trading. Gensler expressed his concern that abuse of Rule 10b5-1 plans has led to a gap in insider trading laws and undermines investor confidence in the markets.
Repairing A "Crack" in Insider Trading Regulation: SEC Rule 10b5-1 Trading Plans Face Increased Scrutiny | King & Spalding jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Testimony before the Financial Services and General Government Subcommittee of the U.S. Senate Committee on Appropriations marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.
SEC launches suit against ICO issuer – Bankless Times banklesstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from banklesstimes.com Daily Mail and Mail on Sunday newspapers.
By Kyle Brasseur2021-04-28T21:38:00+01:00 The head of the Securities and Exchange Commission’s Enforcement Division abruptly resigned for personal reasons Wednesday after less than one full week on the job. Alex Oh was named director of the Division of Enforcement on April 22. With her departure, Melissa Hodgman will resume leading the division as acting director. “Melissa is an exceptional attorney who has proven to be an effective leader of the Enforcement Division. I’m grateful that she will take on this role again and look forward to working closely with her to fulfill the mission of the SEC,” said SEC Chair Gary Gensler in a press release. “I thank Alex for her willingness to serve the country at this important time.”
Gensler taps Alex Oh as SEC enforcement chief investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.
By Aaron Nicodemus2021-04-22T17:38:00+01:00 New Securities and Exchange Commission (SEC) Chair Gary Gensler has made his first key appointment: Alex Oh as director of the Division of Enforcement. Oh, named to the post Thursday, was most recently a partner at Paul, Weiss, Rifkind, Wharton & Garrison, where she was co-chair of the law firm’s Anti-Corruption & Foreign Corrupt Practices Act (FCPA) practice group. She previously served as an assistant U.S. attorney in the Criminal Division of the U.S. Attorney’s Office for the Southern District of New York, where she was a member of the Securities & Commodities Fraud Task Force and the Major Crimes Unit.