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Attorney General instructs DOJ to investigate, eliminate, and penalize illegal DEI programs

Upon her swearing in on February 5, 2025, Attorney General Pam Bondi issued a series of memoranda to all Department of Justice employees, including a memorandum entitled “Ending Illegal DEI and DEIA Discrimination and...more

Shifting SEC priorities: A new era of enforcement under the Trump administration

On January 20, 2025, President-elect Donald Trump will assume office, ushering in significant changes across U.S. federal agencies, including the Securities and Exchange Commission (“SEC”). With the exit of SEC Chairman Gary...more

Cryptocurrency mining company BIT Mining Ltd. (500.com) settles FCPA enforcement actions with DOJ and SEC in Japan bribery scheme

Cryptocurrency mining company BIT Mining Ltd. has agreed to pay a combined penalty of US$10 million to the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) for engaging in a scheme to bribe...more

SEC brings Regulation FD enforcement action for selective disclosure via social media

On September 26, the SEC announced that it had charged public company DraftKings Inc. with violating Regulation FD, or “Fair Disclosure,” under the Exchange Act. The SEC alleged that the company selectively disclosed...more

SEC issues proposal to amend rules to incentivise whistleblowers

On February 10, 2022, the Securities and Exchange Commission (SEC) proposed amendments to Exchange Act Rules 21F-3 and 6, which govern the implementation of its whistleblower program. These amendments increase the SEC’s...more

SEC alleges FD violation for selective disclosure to analysts aimed at reducing consensus revenue estimate

The SEC recently filed a civil suit in federal district court against AT&T, Inc. charging the company with violating Regulation FD in 2016 by selectively disclosing nonpublic financial estimates and results to sell-side...more

Individual prosecutions under the FCPA – more trials and more caselaw

This month’s analysis looks at individual prosecutions under the Foreign Corrupt Practices Act (FCPA). Prosecutions have markedly increased over the last five years, and this will better define local, regional, and...more

Status Quo? Supreme Court to Decide SEC's Disgorgement Authority

This week, on March 3, 2020, the Supreme Court heard oral arguments in Liu v. SEC to determine whether the SEC has authority to seek disgorgement of ill-gotten gains in federal court. ...more

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