"Constantinescu's counsel, Matthew A. Ford of Ford O'Brien Landy LLP, meanwhile, said the government's theory that his client was liable since he did not to disclose private stock sales on social media "never made any sense." "We would be surprised if the government...
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Gabriela Ruiz To Present At Conference In São Paulo
Ford O'Brien Landy LLP is pleased to announce that we are sponsoring the Asset Recovery Americas conference in São Paulo, Brazil, where attorney Gabriela M. Ruiz will present on asset recovery and enforcement tools for cross-border matters.
Federal investigators announce fraud charges related to $150 million in profits
When there are allegations of misconduct by those involved in the financial industry or the business world, it may take months, if not years, for prosecutors to move on the information they have, as building a case takes a lot of time. As a result, it is often...
SEC pursues first-ever insider trading case based on Rule 10b5-1
The Securities and Exchange Commission (SEC) creates and enforces rules intended to protect the economic stability of the United States and the legitimacy of many domestic markets. Oftentimes, the SEC creates new rules with the intention of benefiting the domestic...
Former Coinbase product manager pleads guilty to insider trading
Executives and others privy to non-public business information can face insider trading allegations when their personal investments reflect the misuse of their industry knowledge. Insider trading cases often involve someone capitalizing on an upcoming business merger,...
A Russian billionaire who hacked insider information stands trial
As you know, every business and corporation has private information that details past, present and potentially future dealings, all of which had or may have an effect on current economic trends. The disclosure of sensitive private information can potentially hurt a...
With bigger budget, SEC signals widening crackdown on crypto industry
Signs are pointing to a long and strategic effort to regulate what has been called the "Wild West" of the crypto market. Congress has approved a bigger budget for the Securities and Exchange Commission (SEC), and Gary Gensler, chair of the SEC, recently said of the...
SEC claims crypto lender and crypto exchange sold unregistered securities
The Securities and Exchange Commission (SEC) has accused Genesis, a cryptocurrency lender, and Gemini, a crypto exchange, of failing to register a product as a securities offering. The product, called Earn, was touted as providing yields of up to 8%. Earn was...
SEC announces charges in alleged $295 million crypto Ponzi scheme
In a recent complaint, the Securities and Exchange Commission (SEC) announced charges against four individuals allegedly involved in a cryptocurrency Ponzi scheme that took in money from more than 100,000 investors worldwide. The individuals are charged in connection...
Kim Kardashian settles crypto case with SEC
The Securities and Exchange Commission is keeping up with Kim Kardashian after she allegedly violated a provision of federal securities laws when she failed to disclose a $250,000 payment received from EthereumMax (EMAX) for touting a crypto asset. What happened? The...