In Morris v. Spectra Energy Partners (DE) GP, LP,1 the Delaware Supreme Court clarified the test for determining when former equityholders have standing to pursue post-merger direct claims for a controller’s alleged failure...more
The Enforcement Division of the Securities and Exchange Commission (Division) released its Annual Report on November 2, 2020, providing information concerning its activities over the past fiscal year and outlining key...more
11/23/2020
/ American Depository Receipts (ADRs) ,
Annual Reports ,
Coronavirus/COVID-19 ,
Disgorgement ,
Enforcement Actions ,
Enforcement Statistics ,
Infectious Diseases ,
Kokesh v SEC ,
Liu v Securities and Exchange Commission ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Steering Committees ,
Trading Suspension ,
Whistleblowers
Key Takeaways -
As stocks surge in reaction to news about COVID-19-related products and solutions, the SEC is actively working to protect investors from misleading statements, fraud, and even investment scams relating to the...more
7/13/2020
/ Biotechnology ,
Coronavirus/COVID-19 ,
Disclosure Requirements ,
Enforcement Actions ,
Investor Protection ,
Life Sciences ,
Material Misstatements ,
Popular ,
Risk Assessment ,
Risk Mitigation ,
Scams ,
Securities and Exchange Commission (SEC) ,
Vaccinations
The Enforcement Division (Division) of the Securities and Exchange Commission released its Annual Report on November 6, 2019, summarizing the year’s enforcement activity. It was a record-setting year for the Division due to...more
12/3/2019
/ Annual Reports ,
Appointments Clause ,
Asset Management ,
Civil Monetary Penalty ,
Conflicts of Interest ,
Corporate Executives ,
Cybersecurity ,
Disgorgement ,
Enforcement Actions ,
Financial Institutions ,
Initial Coin Offering (ICOs) ,
Investment Adviser ,
Investment Companies ,
Investor Protection ,
Kokesh v SEC ,
Lucia v SEC ,
Publicly-Traded Companies ,
Restitution ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Self-Reporting ,
Share Class Selection Disclosure Initiative (SCSD) ,
Statute of Limitations ,
Suspensions & Debarments ,
Whistleblowers
Over the past two years, prices for cryptocurrencies and other digital assets have experienced extreme gains and declines, while billions of dollars have been raised through Initial Coin Offerings (“ICOs”). In this dynamic...more
2/1/2019
/ Anti-Money Laundering ,
Blockchain ,
CFTC ,
Civil Monetary Penalty ,
Commodities ,
Criminal Investigations ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Disgorgement ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
Entrepreneurs ,
Financial Regulatory Agencies ,
FinCEN ,
FinHub ,
Fraud ,
Initial Coin Offering (ICOs) ,
Investors ,
Misleading Statements ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Risk Management ,
Risk Mitigation ,
Sanction Violations ,
SDN List ,
Securities and Exchange Commission (SEC) ,
Securities Tokens ,
Startups ,
State Regulators ,
Token Sales ,
U.S. Treasury ,
Unregistered Securities ,
Utility Tokens