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Jan 10, 2025 | 
reuters.com | Alexander Drylewski |Daniel William Michael |Shaud Tavakoli
Alexander C. Drylewski, Daniel Michael and Shaud G. Tavakoli of Skadden, Arps, Slate, Meagher & Flom LLP discuss lawsuits against the Securities and Exchange Commission concerning the purchase and sale of crypto assets and a potential shift in enforcement activity with a change in administration.
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May 22, 2024 | 
lexology.com | Anita Bandy |Arthur Bookout |James Carroll |Christopher Clark |Eben P. Colby |Abigail Davis | +27 more
Key PointsOn April 12, 2024, the U.S. Supreme Court unanimously reversed and vacated the Second Circuit’s decision in Macquarie Infrastructure Corp. v. Moab Partners LP.
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Mar 1, 2024 | 
lexblog.com | Daniel William Michael |David Simon |Merin Cherian
Last year, the U.S. Securities and Exchange Commission (SEC) proposed ambitious rules relating to artificial intelligence (AI) that have drawn significant commentary and criticism. While it is unlikely that any changes in the law are imminent, other initiatives by the SEC indicate that it is not content to wait for those changes before addressing AI-related problems and risks that it perceives.
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Feb 27, 2024 | 
jdsupra.com | Merin Cherian |Daniel William Michael |David Simon
Last year, the U.S. Securities and Exchange Commission (SEC) proposed ambitious rules relating to artificial intelligence (AI) that have drawn significant commentary and criticism. While it is unlikely that any changes in the law are imminent, other initiatives by the SEC indicate that it is not content to wait for those changes before addressing AI-related problems and risks that it perceives.
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Feb 20, 2024 | 
law360.com | Daniel William Michael |David Simon |Merin Cherian
ADVERTISEMENT Don't want ads? Subscribe or login now. By Daniel Michael, David Simon and Merin Cherian (February 20, 2024, 5:55 PM EST) -- Last year, the U.S. Securities and Exchange Commission proposed ambitious rules relating to artificial intelligence that have drawn significant commentary and criticism....
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Oct 30, 2023 | 
lexology.com | Anita Bandy |Jack DiCanio |Alessio Evangelista |Steven Glaser |Andrew Good |Steve Kwok | +6 more
In a speech on October 24, 2023, the director of the Securities and Exchange Commission’s (SEC’s) Enforcement Division, Gurbir Grewal, described the scenarios in which the commission would bring an enforcement action against a compliance officer.
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Sep 26, 2023 | 
lexblog.com | Alexander Drylewski |Stuart D. Levi |David Meister |Daniel William Michael
On September 7, 2023, the Commodity Futures Trading Commission (CFTC) issued three enforcement settlement orders against developers of decentralized finance (DeFi) protocols.1 The orders charge Opyn, Inc., Deridex, Inc., and ZeroEx, Inc.
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Jun 14, 2023 | 
jdsupra.com | David Meister |Daniel William Michael |Chad E. Silverman
On June 7, 2023, the Securities and Exchange Commission (SEC) adopted two new rules to address misconduct in the security-based swaps market. The first rule prohibits fraud, manipulation and deception in connection with effecting or entering security-based swap transactions. Notably, this rule contains a specific prohibition against attempting to manipulate the prices or valuations of security-based swaps, including related payments and deliveries.
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Mar 14, 2023 | 
jdsupra.com | Alexander Drylewski |Stuart D. Levi |Daniel William Michael
On March 9, 2023, the New York State Attorney General’s Office (NYAG) filed a lawsuit charging crypto trading platform KuCoin for “failing to register as a securities and commodities broker-dealer and falsely representing itself as an exchange.”1 In establishing that KuCoin is a market intermediary for securities, NYAG notably alleges that the Ether (ETH) traded on the platform is a security.
