Former Hertz Chairman and CEO Mark Frissora agreed to repay the car rental company nearly $2 million in incentive-based compensation stemming from charges that he facilitated fraudulent financial statements. The charges – related to a Securities and Exchange...
securities law
Under Armour receives Wells notice amid SEC probe
In July, the U.S. Securities and Exchange Commission (SEC) sent Wells notices to Under Armour and two of its executives. The notices of possible enforcement action are part of a probe into the activewear company's accounting practices, which the SEC claims may have...
SEC issues notice seeking forensic tools for monitoring blockchains
The U.S. Securities and Exchange Commission (SEC) is looking for forensic tools to more closely monitor the crypto industry, particularly with regard to blockchain smart contracts. The regulator issued a notice on July 30, requesting solicitations from companies that...
11 Class Actions Claim Crypto-Asset Exchanges Violated Securities Laws
Enthusiasm for Bitcoin has factored largely in many decisions to invest in the cryptocurrency market. But according to 11 class actions filed on April 3 in the Southern District of New York, four crypto-asset exchanges and seven digital token issuers took advantage of...
SEC wins injunction against Telegram’s new cryptocurrency
In a landmark digital currency ruling, a US District Judge in Manhattan has issued a preliminary injunction against Telegram. The Securities and Exchange Commission (SEC) initiated the lawsuit against Telegram in an attempt to bar the launch of the Company's Open...
NFL Player Faces 25 Years In Prison For Insider Trading
The National Football League (NFL) has dealt with many negative headlines over the years when it comes to the behavior of players, coaches, and executives. Unfortunately, incidents involving allegations of domestic violence, drunk driving, and substance abuse have...
Getting Started With Cryptocurrency: 4 Things To Know
With years or even decades of trading and advising experience under your belt, you have no issue sifting through bears, bulls, and the fluctuations of the stock market. As cryptocurrency works to dip its toes into the mainstream, you are not alone if terms like...
