Tag: SEC
Crypto Task Force Chief Counsel Appointed by SEC
The U.S. Securities and Exchange Commission has appointed Mike Selig, a seasoned partner at Willkie Farr & Gallagher, as the chief counsel for the agency's new Crypto Task Force. This move marks a significant...
SEC Stops Enforcement Action Against OpenSea NFT Exchange
OpenSea, a prominent nonfungible-token marketplace exchange, recently received news that the U.S. Securities and Exchange Commission has concluded its investigation and will not pursue enforcement action regarding the alleged unregistered sale of securities. This...
Investors Accuse Acadia Healthcare of Wrongdoing: What You Need to Know
Acadia Healthcare Company Inc. is facing a securities class action lawsuit for allegedly engaging in fraudulent activities. Investors have accused the company of exaggerating patients' symptoms and unlawfully holding patients against their will to...
SEC Authority Over Cybersecurity Controls Challenged in Court
On July 18, 2024, the U.S. District Court for the Southern District of New York made a significant ruling regarding the Security and Exchange Commission's (SEC) case against SolarWinds. The SEC had accused SolarWinds...
Defendants’ Right to Jury Trial in SEC Fraud Cases: SEC v. Jarkesy
Defendants have the right to a jury trial when facing civil penalties for securities fraud, according to the Seventh Amendment. A recent ruling by the U.S. Supreme Court in SEC v. Jarkesy found that...
SEC Movement on ESG Disclosures: SEC and Investors Enhance Focus on Climate Change and...
The Administration's engagement on these issues coincides with the increased focus by investors and people on Environmental, Social and Governance ("ESG") issues. Blackrock has now followed its open letter from past year identifying climate...