Securities

  • December 16, 2025

    Fed Ends Goldman 1MDB, Metropolitan Card Consent Orders

    The Federal Reserve announced Tuesday it has lifted consent orders against Goldman Sachs and Metropolitan Commercial Bank, closing matters tied to Goldman's purported role in the 1MDB scandal and Metropolitan's oversight of a prepaid-card program that government agencies alleged was fraud-ridden.

  • December 16, 2025

    Online Gun Co. Settles SEC Probe Over Sanctioned Ex-Exec

    The U.S. Securities and Exchange Commission has inked a nonmonetary penalty settlement with the corporate owner of an online firearm retailer and separately sued three of its former executives over allegations that the company allowed an SEC-sanctioned accountant to work as an executive officer in violation of his industry ban.

  • December 16, 2025

    SafeMoon CEO Seeks No Prison Time For Looting Conviction

    The convicted former CEO of cryptocurrency company SafeMoon has asked a New York federal judge to spare him a prison sentence, pointing to mental health struggles related to his military service and childhood experiences.

  • December 16, 2025

    FDIC Floats Application Process For Stablecoin Issuance

    The Federal Deposit Insurance Corp. on Tuesday took its first major step towards implementing the federal stablecoin law known as the Genius Act when it moved forward with plans for an application process by which insured depository institutions can seek to issue stable-value tokens.

  • December 16, 2025

    Dems Press DOJ On Concerns It's Favoring AG's Atty Brother

    A group of Democratic lawmakers on Tuesday asked the U.S. Department of Justice to explain why it keeps intervening in or dismissing cases that involve clients represented by U.S. Attorney General Pam Bondi's brother, saying the decisions "raise serious questions about whether impartiality has been compromised."

  • December 16, 2025

    2nd Circ. Tosses Ex-CFTC Atty's Religious Bias Case

    The Second Circuit on Tuesday threw out a religious bias claim brought by a former U.S. Commodity Futures Trading Commission attorney, reasoning that he hadn't shown how he had been harmed by a temporary order at an agency he no longer works for.

  • December 16, 2025

    SEC Says No New 'Scalping' Trial For Penny Stock Trader

    A penny stock trader found liable for a $2.5 million fraud scheme known as scalping should not get a new trial, the U.S. Securities and Exchange Commission said, arguing that the trader's complaints about the verdict form came too late.

  • December 16, 2025

    No Jail For Controller Who Assisted Feds In FTE Fraud Case

    A Manhattan federal judge allowed a former financial controller for FTE Networks to avoid prison Tuesday for participating in a $13 million revenue fraud at the Florida telecom, crediting the "reluctant conspirator" for an extensive, five-year course of cooperation.

  • December 16, 2025

    B. Riley Must Face Investor Suit Over Alleged Fraud Losses

    A California federal judge has allowed to move forward a proposed investor class action accusing B. Riley Financial Inc. of failing to disclose risks related to its dealings with Brian Kahn, an investment manager who recently pled guilty to securities fraud, though some company executives were allowed to escape the suit.

  • December 16, 2025

    CFTC Drops Spoofing Case Against Texas Energy Trader

    The Commodity Futures Trading Commission has agreed to drop a lawsuit claiming a Houston-based energy trading firm manipulated the crude oil market, an outcome the firm hailed as "full and definitive vindication" on Monday.

  • December 16, 2025

    Investors Sue French YouTuber In Del. Over Alleged Fraud

    An international group of investors has sued a French YouTuber in the Delaware Chancery Court, accusing him of running what they call a yearslong scheme that used false promises of high, "fully passive" returns and a purported ownership "buffer" to induce millions of euros in investments that were later diluted, diverted and concealed.

  • December 15, 2025

    Senate Banking Committee Pushes Crypto Markup To 2026

    The Senate Banking Committee anticipates marking up a crypto market structure proposal in the new year as bipartisan negotiations on the bill continue, a spokesperson for committee chairman Tim Scott, R.-S.C, said Monday.

  • December 15, 2025

    Starbucks Investors Get Claims Against Ex-CFO Revived

    A federal judge in Seattle has reinstated claims against Starbucks' former chief financial officer in a suit accusing the coffee giant's leaders of misleading shareholders about its struggling plan to reinvent itself, saying the investors plausibly allege the ex-executive was a controlling person under the securities laws.

  • December 15, 2025

    PCAOB Challenger Tells DC Circ. He Should Stay Anonymous

    An anonymous accountant challenging the constitutionality of the Public Company Accounting Oversight Board has told the D.C. Circuit he should be allowed to proceed in district court as a John Doe plaintiff, aiming to reverse a ruling that he cannot continue to litigate the suit pseudonymously.

  • December 15, 2025

    Trustee Sues SafeMoon Leaders Over Alleged Fraud Scheme

    The liquidating trustee for cryptocurrency asset company SafeMoon has filed a lawsuit in Utah bankruptcy court accusing former top executives of looting tens of millions of dollars from "liquidity pools" and ultimately doing at least $100 million in damage to the company.

  • December 15, 2025

    Danske Bank Exits DOJ Probation Under $2B AML Deal

    Danske Bank announced Monday that it has finished a three-year corporate probation imposed by the U.S. Department of Justice as part of a $2 billion settlement over allegations the Danish lender misled U.S. banks about its anti-money laundering controls for high-risk customers in Estonia.

  • December 15, 2025

    DouYu Investors Get Final OK For $2.25M Settlement

    Investors in Chinese livestreaming platform DouYu International Holdings Ltd. have gotten final approval for their $2.25 million deal ending claims the company took risky measures to gin up user engagement, causing share prices to fall after Chinese authorities cracked down on the company over gambling and pornography on the platform.

  • December 15, 2025

    Cooley Adds Crypto-Focused Atty From Waymaker

    A fintech litigator whose clients have included Mango Markets trader Avraham Eisenberg and Tornado Cash co-founder Roman Storm is heading to Cooley LLP after 12 years at Waymaker LLP, Cooley announced Monday.

  • December 15, 2025

    SEC Settles With Digital Ad Co. Accused Of $2.8M Fraud

    The U.S. Securities and Exchange Commission said Monday that the founder of a purported social media advertising company will pay $125,000 to end the agency's claims they misled potential investors about the company's revenue and growth prospects.

  • December 15, 2025

    Catching Up With Delaware's Chancery Court

    Litigation in Delaware's Court of Chancery sprawled from a dispute over control of banana plantations along Africa's Congo River to a fight over the late musician Prince's estate last week. Along the way, a court ruling rejected a motion for a quick decision favoring Blue Bell Creameries director and officer calls for liability releases in a tainted ice cream saga that dates to 2015.

  • December 15, 2025

    Texas, Toronto Stock Exchanges End Trademark Dispute

    The Texas Stock Exchange has buried the hatchet with the Toronto Stock Exchange and ended its suit seeking a court finding that the two exchanges' logos are dissimilar. 

  • December 15, 2025

    Sen. Tim Scott's Ex-Chief Of Staff Joins Holland & Hart

    Holland & Hart LLP has tapped the former chief of staff for Sen. Tim Scott, R-S.C., to serve as a senior director of federal affairs in the firm's Washington, D.C., office, according to a Monday announcement.

  • December 12, 2025

    30 Years On, PSLRA Debates Still Rage In Securities Cases

    Thirty years ago this month, Congress overrode a presidential veto to enact a law that changed the landscape of shareholder class action lawsuits. How the Private Securities Litigation Reform Act will continue to change that landscape remains a live issue as courts continue to wrestle with the question of how investors can prove that they've been injured by alleged corporate malfeasance.

  • December 12, 2025

    SEC, Ex-Advisers Settle Unregistered Securities Sales Claims

    The U.S. Securities and Exchange Commission has reached a settlement with a pair of former investment advisers it accused of participating in a fraudulent scheme to sell unregistered oil and gas securities, according to a motion filed on Friday.

  • December 12, 2025

    CFTC Drops 'Outdated' Crypto Guidance On Actual Delivery

    The Commodity Futures Trading Commission has withdrawn what it called "outdated" guidance on the actual delivery of cryptocurrency, to be more in line with recommendations from the President's Working Group on Digital Asset Markets, and has issued no-action letters to several prediction market platforms.

Expert Analysis

  • Stablecoin Committee Promotes Uniformity But May Fall Short

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    While the Genius Act's establishment of the Stablecoin Certification Review Committee will provide private stablecoin issuers with more consistent standards, fragmentation remains due to the disparate regulatory approaches taken by different states, say attorneys at Morgan Lewis.

  • Agentic AI Puts A New Twist On Attorney Ethics Obligations

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    As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.

  • Resilience Planning Is New Key To Corporate Sustainability

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    While the current wave of deregulation may reduce government enforcement related to climate issues, businesses still need to evaluate how climate volatility may affect their operations and create new legal risks — making the apolitical concept of resilience increasingly important for companies, says J. Michael Showalter at ArentFox Schiff.

  • Parsing Trump Admin's First 6 Months Of SEC Enforcement

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    The U.S. Securities and Exchange Commission's enforcement results for the first six months of the Trump administration show substantially fewer new enforcement actions compared to the same period under the previous administration, but indicate a clear focus on traditional fraud schemes affecting retail investors, say attorneys at King & Spalding.

  • FDA Transparency Plans Raise Investor Disclosure Red Flags

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    The U.S. Food and Drug Administration’s recently announced intent to publish complete response letters for unapproved drugs and devices implicates certain investor disclosure requirements under securities laws, making it necessary for life sciences and biotech companies to adopt robust controls going forward, say attorneys at Arnold & Porter.

  • Series

    Being A Professional Wrestler Makes Me A Better Lawyer

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    Pursuing my childhood dream of being a professional wrestler has taught me important legal career lessons about communication, adaptability, oral advocacy and professionalism, says Christopher Freiberg at Midwest Disability.

  • SEC Rulemaking Radar: The Debut Of Atkins' 'New Day'

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    The U.S. Securities and Exchange Commission's regulatory flex agenda, published last week, demonstrates a clear return to appropriately tailored and mission-focused rulemaking, with potential new rules applicable to brokers, exchanges and trading, among others, say attorneys at Goodwin.

  • Series

    Law School's Missed Lessons: Adapting To The Age Of AI

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    Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.

  • Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning

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    A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.

  • A Changing Playbook For Fighting Records Requests In Del.

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    The Delaware Supreme Court's recent decision in Wong v. Amazon, reversing the denial of an inspection demand brought by a stockholder, serves as a stark warning to corporations challenging books and records requests, making clear that companies cannot defeat such demands solely by attacking the scope of their stated purpose, say attorneys at Duane Morris.

  • What To Expect As Trump's 401(k) Order Materializes

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    Following the Trump administration’s recent executive order on 401(k) plan investments in alternative assets like cryptocurrencies and real estate, the U.S. Department of Labor and the U.S. Securities and Exchange Commission will need to answer several outstanding questions before any regulatory changes are implemented, say attorneys at Cleary.

  • Demystifying The Civil Procedure Rules Amendment Process

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    Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.

  • 'Solicit' Ruling Offers Proxy Advisers Compliance Relief

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    The D.C. Circuit recently found that proxy voting advice does not fall under the legal definition of "solicitation," significantly narrowing the U.S. Securities and Exchange Commission's regulatory power over such advisers, offering stability to the proxy advisory industry and providing temporary relief from new compliance burdens, say attorneys at Sheppard Mullin.

  • Evaluating The SEC's Rising Whistleblower Denial Rate

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    The rising trend of U.S. Securities and Exchange Commission whistleblower award claim denials represents a departure from the SEC's previous track record and may reflect a more conservative approach to whistleblower award determinations under the current administration, say attorneys at Troutman Pepper.

  • State Crypto Regs Diverge As Federal Framework Dawns

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    Following the Genius Act's passage, states like California, New York and Wyoming are racing to set new standards for crypto governance, creating both opportunity and risk for digital asset firms as innovation flourishes in some jurisdictions while costly friction emerges in others, say attorneys at Sheppard Mullin.

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