JONES DAY TALKS®: CFTC and DOJ Target Derivatives Trading Across Industries
FERC: A Discussion on its Mission, Market Manipulation Investigations, and Common Violations
A “short attack” is a campaign in which a short seller publishes a critical report about a target company in order to profit from the ensuing decline in the company’s share price....more
This is the third in our 2026 Year in Preview series examining important trends in white collar law and investigations in the coming year. 2025 saw fundamental shifts in securities enforcement priorities in the first year of...more
Two recent FCA fines demonstrate the FCA’s willingness to hold senior executives of listed companies to account, including for market disclosures. The FCA will rely on a low bar to hold them 'knowingly concerned', pursue...more
Prediction markets—once a niche for political mavens and crypto enthusiasts—are gaining traction as platforms become regulated entities and gamified tools attract a broader audience....more
In an update earlier last year, we highlighted the ongoing legal developments in connection with key cases surrounding the London InterBank Offered Rate (LIBOR) manipulation scandal with respect to a pending United Kingdom...more
Hong Kong’s regulators are active, coordinated, and increasingly expectations‑driven. Businesses should be prepared for assertive use of statutory powers, higher standards on governance and documentation, and closer scrutiny...more
On December 22, 2025, the U.S. Securities and Exchange Commission (SEC) filed a complaint against several defendants for their roles in market manipulation schemes involving two pharmaceutical companies, Olema...more
On January 15, 2026, the United States Court of Appeals for the Seventh Circuit affirmed the dismissal of two actions brought by an investment advisor and an investment company asserting claims under the Commodity Exchange...more
On January 9, 2026, the Supreme Court granted certiorari in Sripetch v. Securities & Exchange Commission, a case that could reshape the SEC’s authority to seek disgorgement—a central tool in securities enforcement....more
I don’t know about you, but the transition from one year to the next always feels like a good time to declutter. I’ve spent the past few weeks doing that, and now I’m focusing on not accumulating junk in the first place....more
In this issue of our monthly Securities Enforcement Roundup, we highlight top securities enforcement developments from December 2025. ...more
Effective December 19, 2025, Nasdaq Rule IM-5101-3 introduces a risk-based framework permitting Nasdaq to deny initial listings based on perceived susceptibility to manipulation, including risks arising from third-party...more
Aerospace and Defense Contractor Resolves False Claims Act Allegations for $1.5 Million - On January 5, the US Department of Justice (DOJ) announced that Teledyne RISI Inc., also known as Teledyne Electronic Safety Products,...more
The European Commission (EC) has launched a consultation on a draft act amending the Delegated Regulation (EU) 2016/522 under the Market Abuse Regulation (MAR). The amendment delivers on two separate actions. The first is the...more
Here’s the intro from this entry on Cooley’s “Securities Litigation + Enforcement” blog penned by Luke Cadigan, Tejal Shah, Elizabeth Skey, Samanta Kirby and Bingxin Wu: “When Paul Atkins became the new chairman of the...more
On December 19, 2025, the U.S. Securities and Exchange Commission (“SEC”) published a notice to solicit comments on the proposal to provide Nasdaq with limited discretion to deny initial listings even when applicants meet all...more
When Paul Atkins became the new chairman of the Securities and Exchange Commission (SEC) in April 2025, the market expected enforcement actions against public companies to decrease....more
SERC’ling Up is your resource for staying ahead in today’s fast-evolving financial landscape. This newsletter delivers perspectives on the latest enforcement trends, regulatory updates and high-stakes developments affecting...more
ASIC has announced its enforcement priorities for 2026, with protecting small businesses, superannuation members, and improving market integrity remaining key objectives. However, new areas of focus have emerged:...more
On November 24, 2025, the U.S. District Court for the Middle District of North Carolina denied American Efficient LLC’s (American Efficient) preliminary injunction seeking to halt FERC’s civil enforcement proceedings for...more
It has been approximately one (1) month since the Financial Industry Regulatory Authority (FINRA) has launched a targeted review of broker-dealer activity in small-capitalization offerings involving foreign...more
On Thursday October 23, 2025, the Financial Industry Regulatory Authority (FINRA) announced a targeted sweep aimed at small-capitalized (“small-cap”) exchange-listed issuers1 with ties to business operations in foreign...more
According to NERA, a leading consulting and expert firm, the share of foreign-based companies listed on U.S. stock exchanges has risen steadily in the last decade, from 17.4% in 2016 to 26.9% in 2025. As noted in our...more
Additionally, on September 26, 2025, SEC Chair Paul S. Atkins announced that the Commission will once again simultaneously evaluate settlement offers in SEC enforcement actions and requests for SEC waivers from automatic...more
As recently as September 2025, the financial industry saw a number of Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and foreign regulators bring enforcement actions related to...more