In Digital Realty Trust, Inc. v. Somers (Feb. 21, 2018), the Supreme Court held that the Dodd-Frank Act’s anti-retaliation provision provides a private cause of action only for […]
SEC Announces Largest Whistleblower Awards Ever Granted Under the Dodd-Frank Act’s Bounty Provision
On March 19, 2018, the SEC announced its largest-ever whistleblower awards, with two individuals jointly sharing a nearly $50 million award and a third individual receiving more than […]
SEC Proposes Amendments to Whistleblower Rules
On June 28, the Securities and Exchange Commission proposed amendments to the rules that the Commission adopted in 2011 establishing its whistleblower program. According to the Commission, these […]
DOJ and SEC Fraud Charges
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 […]