The recent and sudden failures of Silicon Valley Bank and Signature Bank, and the threat of other bank failures, have led to intense public focus on what caused these banks to run into trouble, who is to blame, and what...more
4/10/2023
/ Banking Regulators ,
Banks ,
Board of Directors ,
Corporate Officers ,
Depository Institutions ,
Enforcement ,
Fiduciary Duty ,
Financial Institutions ,
Indemnification Clauses ,
Mismanagement ,
Personal Liability ,
Risk Management ,
Silicon Valley
The Securities and Exchange Commission (SEC) finally provided some good news, and guidance, regarding permissible token sales. On June 14, 2018, William Hinman, Director of the SEC Division of Corporation Finance, speaking at...more
On December 15, 2017, Massachusetts Secretary of State William Galvin announced that his office’s Securities Division (“MSD”) would begin “aggressive policing” of cryptocurrency sales in Massachusetts. The MSD regulates the...more
On June 5, 2017, the United States Supreme Court ruled unanimously in Kokesh v. Securities and Exchange Commission that disgorgement in an SEC case is subject to the five-year statute of limitations for civil monetary...more
A federal judge in Manhattan recently granted a preliminary injunction against the Securities and Exchange Commission in the latest of a series of rulings raising issues with the SEC’s use of in-house proceedings before its...more