U.S. authorities have accused a North Carolina man of conning Napster out of a massive ownership stake by falsely pledging $3.36 billion he never had. An indictment by […]
The Past is Prologue – Availability of SEC Registration for Canadian Covered Bonds | Mayer Brown Free Writings + Perspectives
In 2012, the SEC Staff granted no action relief to Royal Bank of Canada to register covered bonds on a Registration Statement on Form F-3. Even though covered […]
SEC Brings Additional Enforcement Actions Based on Separation Agreements that Allegedly Violated the SEC’s Whistleblower Protection Rules
September 10, 2024 Update. The SEC continues to announce settlements of charges against companies that it alleges interfere with whistleblower rights under SEC Rule 21F-17(a). On September 9, 2024, […]
Fifth Circuit Vacates SEC Approval of Nasdaq’s Board Diversity Rules
On December 11, 2024, the Court of Appeals for the Fifth Circuit, sitting en banc, struck down Nasdaq rules requiring listed companies to report certain board of director […]
SEC Offers ‘Narrow’ Clarity on Crypto Staking
The U.S. Securities and Exchange Commission’s Division of Corporation Finance clarified its view on Thursday evening that certain proof-of-stake blockchain protocol “staking” activities are not securities transactions within […]
Leaner SEC Workforce Won’t Weaken Market Oversight, Atkins Says
The U.S. Securities and Exchange Commission will need to fill openings left by hundreds of recent staff departures, SEC Chair Paul Atkins told Congress on Tuesday while insisting […]
SEC Alleges Unicoin Misled Thousands in $100 Million Fraudulent Crypto Securities Offering
The U.S. Securities and Exchange Commission announced Tuesday evening that it has civilly charged New York City-based Unicoin Inc. and three of its top executives for allegedly making […]
Shifting Crypto and Cyber Priorities In SEC Enforcement
At the end of each fiscal year, the U.S. Securities and Exchange Commission (SEC) issues its annual enforcement report. Within the report the SEC publishes its enforcement statistics […]
SEC Inspector General Releases Report Clearing Simpson Thacher Senior Adviser of Ethics Charges
A former U.S. Securities and Exchange Commission official did not violate ethics rules by declaring at a 2018 summit that the native token of Ethereum, a company linked […]
SEC Nominee Vows Deregulation as Democratic Senator Questions His Record
Paul Atkins, President Donald Trump’s nominee for chair of the U.S. Securities and Exchange Commission, promised to usher in deregulation at the agency and said bringing regulatory clarity […]