Artificial intelligence is a key topic of conversation these days. From a one-time little discussed idea, it is now being bantered around as if AI were about to take over the world at any moment. There s in fact little
Securities
Evoqua Water Technologies And Former Executive Resolve Books And Records And Internal Controls Matter
The Foreign Corrupt Practices Act has always been a law much broader than its name suggests.
Sure, the FCPA contains anti-bribery provisions which concern foreign bribery.
Sure, the FCPA’s books and records and internal controls provisions can be implicated in…
Broker-Dealer Settles FINRA Charges for Failures Relating to Use of Social Media Influencer Program
On March 18, 2024, FINRA announced that it has fined a broker-dealer $850,000 in connection with the firm’s program to pay individuals with followings on social media sites (i.e., “influencers”) to promote the firm in social media communications. This matter…
Genesis Agrees to Pay $21 Million Penalty to Settle SEC Charges
The Securities and Exchange Commission today announced that Genesis Global Capital, LLC agreed to a final judgment ordering it to pay a $21 million civil penalty and imposing a permanent injunction to settle charges that it engaged in the unregistered……
SEC, NASAA, and Georgia Secretary of State to Host Investor Roundtables at University of North Georgia and Dalton State College
The Securities and Exchange Commission today announced that it will join the North American Securities Administrators Association (NASAA), the Georgia Secretary of State, the University of North Georgia, and Dalton State College to host joint public…
The SEC’s Climate Disclosure Rules: Scope 3 Is Out—But What Is In?
Here is our lengthy Client Update on the SEC’s new climate disclosure rules. It includes some great graphics so you can understand the rules at a glance. Check it out!
The SEC Brings Another Enforcement Action On Related Party Transaction Disclosures
On March 7, 2024, the Securities and Exchange Commission (the “SEC”) announced that Skechers U.S.A. Inc. (“Skechers”) agreed to a cease-and-desist order for failing to disclose payments for the benefit of its executives and their immediate family members.
The SEC…
This Week In Securities Litigation (Week of March 18, 2024)
The Commission filed two new enforcement actions last week. One centered on a Ponzi scheme and involved 17 defendants. A second focused on an insider trading scheme. In addition, a default judgment was taken against former Coinbase manger Ishan Wahi,…
SEC Charges Two Investment Advisers with Making False and Misleading Statements About Their Use of Artificial Intelligence
The Securities and Exchange Commission today announced settled charges against two investment advisers, Delphia (USA) Inc. and Global Predictions Inc., for making false and misleading statements about their purported use of artificial intelligence (AI).…
Have…
The Bounds of Statutory Authority and the Slippery Slope
In recent remarks, Commissioner Uyeda addressing the Council of Institutional Investors outlined his concerns regarding several SEC rulemakings. The members of the Council of Institutional Investors are responsible for combined assets under management of nearly $5 trillion and include state…