Daniel M. Hawke

Oct 11, 2024 | law360.com | Daniel M. Hawke

By Daniel Hawke (October 11, 2024, 4:43 PM EDT) -- At 2:40 p.m. on May 6, 2010, the "flash crash" occurred. Within minutes, the Dow Jones Industrial Average plummeted almost 9%, causing some securities to trade at pennies on the dollar and triggering losses of over $1 trillion before rebounding. The flash crash was the largest and fastest market decline in U.S. history, shaking investor and public confidence and putting pressure on regulators to determine and explain what happened....

Oct 11, 2024 | law360.co.uk | Daniel M. Hawke

By Daniel Hawke (October 11, 2024, 4:43 PM EDT) -- At 2:40 p.m. on May 6, 2010, the "flash crash" occurred. Within minutes, the Dow Jones Industrial Average plummeted almost 9%, causing some securities to trade at pennies on the dollar and triggering losses of over $1 trillion before rebounding. The flash crash was the largest and fastest market decline in U.S. history, shaking investor and public confidence and putting pressure on regulators to determine and explain what happened....

Aug 29, 2024 | mondaq.com | Veronica E. Callahan |Daniel M. Hawke

The U.S. Supreme Court's recent 6‑3 ruling in SEC v. Jarkesy eliminated the SEC's ability to use contested administrative proceedings to seek civil monetary penalties for anti-fraud violations of the securities laws. However, Jarkesy is only one of several landmark rulings handed down by the U.S. Supreme Court this term. Most notably, the Court's ruling in Loper Bright Enterprises v.

Jul 4, 2024 | mondaq.com | Veronica E. Callahan |John Elwood |Daniel M. Hawke |Arthur Luk

In a term packed with landmark rulings, the U.S. Supreme Court held that the Seventh Amendment to the U.S. Constitution entitles a defendant to a jury trial when the U.S. Securities and Exchange Commission (the SEC or the Commission) charges securities fraud and seeks civil penalties pursuant to Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, or Section 206 of the Investment Advisers Act of 1940. See Securities & Exchange Commission v.

Jul 2, 2024 | arnoldporter.com | Veronica E. Callahan |John Elwood |Daniel M. Hawke |Arthur Luk

IntroductionIn a term packed with landmark rulings, the U.S. Supreme Court held that the Seventh Amendment to the U.S. Constitution entitles a defendant to a jury trial when the U.S. Securities and Exchange Commission (the SEC or the Commission) charges securities fraud and seeks civil penalties pursuant to Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, or Section 206 of the Investment Advisers Act of 1940.