Lindsay Lohan, other celebs settle with SEC over crypto case
Lindsay Lohan, Akon and several other celebrities have agreed to pay to settle claims they promoted crypto investments without disclosing they were being paid to do so.
Justice Department, SEC investigating collapse of Silicon Valley Bank
The Justice Department and the Securities and Exchange Commission have launched investigations into the collapse of Silicon Valley Bank.
Law student wins unusual motion before Duke-UNC game
Welcome to Monday, the 54th anniversary of Martin Luther King Jr.‘s assassination. Here are some other news items. — Law student wins “motion” to extend assignment deadline so she could watch her beloved Tar Heels. — Colorado Supreme Court says phrase “with intent to harasss” in anti-cyberbullying law violates free speech. — Elon Musk’s attorne[...]
New corporate climate change disclosures proposed by SEC
Companies would be required to disclose the greenhouse gas emissions they produce and how climate risk affects their business under new rules proposed by the SEC.
Activision Blizzard confirms SEC probe into discrimination allegation
Activision Blizzard, one of the world’s most high-profile video game companies, confirmed a regulatory probe and said it is working to address complaints of workplace discrimination.
New board diversity rules are a positive for companies
The Securities and Exchange Commission recently approved new Nasdaq rules requiring companies that list shares on its exchange to meet certain race and gender standards. Nasdaq-listed companies now must have at least one woman and either one person who self-identifies as an underrepresented minority or as LGBTQ+ on their board of directors. Companies will also […]
Under Armour cuts revenue forecast, faces federal investigation
Following the revelation over the weekend that the federal government is investigating its accounting practices, Under Armour reported Monday that third-quarter revenues dropped 1% and said that it expects revenues for the year to fall short of expectations. The Baltimore-based sports apparel brand reported $1.4 billion in revenue for the previous quarter. The brand now […]
U.S. Attorney charges 3 in $364M Ponzi scheme
Three men accused of defrauding hundreds of investors in a $364 million Ponzi scheme were arrested Tuesday and charged with wire fraud and money laundering. The U.S. Attorney’s Office in Baltimore announced the arrests Wednesday and unsealed a 14-count indictment handed down last week charging Kevin B. Merrill, of Towson, and Jay B. Ledford and […]
OSHA whistleblower policy a ‘game changer’ for corporate America
New guidelines released by the Occupational Safety and Health Administration are a “game changer” for how corporate America will handle whistleblowers in the workplace, a national employment law firm says. Under the new rules, the federal agency responsible for enforcing whistleblower laws will not approve settlements between employers and employees that include provisions restricting future [[...]
Joel Morse: Do you want to be an angel investor?
The new crowdfunding rules that the Securities and Exchange Commission has enacted will introduce a new investment framework for private investors of modest means. By way of background, in 2012 the SEC passed a law (called the JOBS Act) that allowed startup businesses to utilize equity crowdfunding platforms to raise money by selling common […]
SEC proposes making brokers reveal where client orders go
Brokers may have to dish up more information on where they’re sending their client orders. The U.S. Securities and Exchange Commission is proposing rules that for the first time would force brokers to provide standard data on where they send institutional clients’ orders to be completed. The rules, which the SEC agreed to propose at […]
SEC considers SAC victims’ fund
The U.S. Securities and Exchange Commission is considering establishing a victims’ fund with the $602 million that SAC Capital Advisors LP paid to settle an insider-trading case brought by regulators.