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1 month ago | 
news.bloomberglaw.com | Evan Weinberger |Ben Miller |Robert Iafolla
Federal financial regulators are giving their employees prewritten bullet-point responses to an email from the Trump administration asking federal workers to describe what job duties they performed in the last week. The FDIC and OCC sent notices to their workers Monday advising them to respond with generalized bullet points, according to emails obtained by Bloomberg Law.
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2 months ago | 
news.bloombergtax.com | Andrew Ramonas |Ben Miller
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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2 months ago | 
news.bloomberglaw.com | Andrew Ramonas |Ben Miller
The government efficiency unit backed by Elon Musk is turning its attention to the SEC as the Trump administration purges federal workers and revamps agencies’ priorities. Hundreds of the Securities and Exchange Commission’s 5,000 employees may quickly face termination, if the SEC follows the Department of Government Efficiency playbook and dismisses recent hires, who have fewer job protections than longer-time employees. The Consumer Financial Protection Bureau and Federal Deposit Insurance Corp.
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2 months ago | 
news.bloomberglaw.com | Ben Miller |Austin R. Ramsey
A Biden-era Labor Department rule permitting sustainable 401(k) investing was upheld by a Texas federal judge, a loss for red-state attorneys general whose challenge to the regulation had been sent back to the district court by the Fifth Circuit.
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2 months ago | 
news.bloombergtax.com | Ben Miller |Jeff Harrington
The Trump administration’s attacks on companies pursuing environmental, social, and governance goals are contributing to a rise in “greenhushing”—where businesses are accused of downplaying their ESG initiatives.
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Jan 24, 2025 | 
news.bloomberglaw.com | Evan Weinberger |Ben Miller
Federal banking and securities regulators, including several intended to operate independently from the White House, are starting to delete references to internal diversity and inclusion offices from their websites following executive orders from President Donald Trump.
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Jan 15, 2025 | 
news.bloomberglaw.com | Ben Miller
The SEC’s days of policing the cryptocurrency industry without formal rules are waning after a federal appeals court instructed the agency to provide a better rationale for rejecting Coinbase Global Inc.’s request for crypto-specific rulemaking. The cryptocurrency exchange on Jan.
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Jan 14, 2025 | 
news.bloomberglaw.com | Ben Miller
A federal judge sentencing Ozy Media founder Carlos Watson to prison last month for lying to big-name funders about his now-defunct media startup said the “quantum of dishonesty in this case was exceptional.” But what Watson might do next concerned the judge even more.
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Jan 7, 2025 | 
news.bloomberglaw.com | Ben Miller
Alta Mesa Resources Inc. and investors proposed a $126.3 million settlement to settle fraud claims related to the now-defunct oil and gas company’s blank-check merger and subsequent collapse. Investors who sued Alta Mesa and other companies involved in taking the energy outfit public were among the many jilted shareholders who brought fraud claims to recover losses after similar SPAC mergers, which peaked in popularity 2020 and 2021 and left a high volume of litigation in their wake.
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Jan 7, 2025 | 
news.bloombergtax.com | Ben Miller
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
