On October 4, U.S. Attorney for the Central District of California Martin Estrada announced the formation of a new task force, the Corporate and Securities Fraud Strike Force....more
10/13/2023
/ Bank Secrecy Act ,
California ,
Financial Markets ,
Financial Services Industry ,
Insider Trading ,
Money Laundering ,
Securities Fraud ,
Securities Regulation ,
Securities Transactions ,
Securities Violations ,
State and Local Government ,
Tax Evasion ,
Trading Platforms
Overview On December 14, 2022, the Securities and Exchange Commission (SEC) adopted amendments and certain enhanced disclosure requirements related to Rule 10b5-1 trading plans. The new amendments include...more
On September 21, the Securities and Exchange Commission (SEC) announced charges against Cheetah Mobile, Inc.’s CEO and former president for insider trading, even though the questionable trades occurred under a 10b5-1 trading...more
In what the Manhattan federal prosecutors have touted as the first-ever guilty plea in an insider trading case involving cryptocurrency, the brother of a former Coinbase Global, Inc. (Coinbase) product manager pled guilty to...more
The Securities & Exchange Commission (SEC) is experimenting with a new theory of liability that potentially expands the bounds of the insider trading laws. Specifically, the SEC is requesting that a California court deem the...more
The Securities and Exchange Commission (SEC) has advised that it will actively pursue COVID-19 related insider trading and antifraud violations in light of the unique opportunities the pandemic has created for individuals and...more
Many corporate executives rely on Rule 10b5-1 plans to buy or sell shares of their company’s stock without having to worry about violating insider trading laws, even when the trades take place when the executive possesses...more