Francis G.X. Pileggi, Esq.’s Post

Our 2023 Crypto Round Up is here! We take a deep dive into the notable cases and enforcement actions that shaped the crypto securities landscape in 2023. From landmark decisions to controversial regulatory policy, we reflect on a pivotal year in crypto enforcement. Read more here: https://ow.ly/GaWy50QrnwP #digitalassets #cryptoregulation #fintech #yearinreview

I enjoyed working on this piece in the New York Law Journal on white-collar and regulatory enforcement trends to watch in the rest of 2024. The article discusses the potential for enforcement activity in light of (i) DOJ and CFTC efforts to further incentivize and protect whistleblowers, (ii) SEC and DOJ's recent success in employing novel theories of insider trading enforcement, (iii) the additional resources DOJ has devoted to sanctions and export control cases, and (vi) the SEC's focus on so-called "AI washing." #securitiesenforcement #commoditiesenforcement #triallawyers #whitecollarcrime

In a recent Law360 article regarding its interview of SEC Enforcement Director, “ 📣 [Gurbir] Grewal said that when firms facing enforcement actions haven’t voluntarily alerted the SEC to the misconduct at hand, it’s more difficult for the Division of Enforcement to recommend a no-penalty resolution to the commission, which ultimately decides whether to bring an enforcement action.” This underscores the importance of transparency and proactive communication in the face of potential enforcement actions. Discover more here: https://lnkd.in/ddfazE9h #SEC #Enforcement #Transparency #CorporateGovernance

🚨Client Alert: The Supreme Court of the U.S. has ruled that the U.S. Securities and Exchange Commission cannot use in-house administrative courts to pursue civil penalties for #securitiesfraud because defendants have the right to a jury trial. Read more in this alert from Cozen O'Connor's Securities Litigation & SEC Enforcement Chair Joseph Dever and Alexander Cohen via the link in the comments. #supremecourt #legalnews #SEC #cozenoconnor

SEC Held to Have Again Violated APA in an Arbitrary and Capricious Manner "Why did the court invalidate the rules? The order today followed the court’s earlier determination, on October 31, 2023, that the SEC acted arbitrarily and capriciously, in violation of the APA, by failing to respond to comments in the rule-making process and by failing to conduct the proper cost-benefit analysis that the APA requires. Referring to the thirty-day period ending on November 30, 2023, which the SEC unsuccessfully sought to extend, the court vacated the rule and stated: 'That thirty-day period has come and gone. The SEC claims to have ‘worked diligently to ascertain the steps necessary to comply with the Court’s remand order.’ Yet the agency has nothing to show for its efforts. It returns to this court empty-handed, admitting that it ‘was not able to 'correct the defects in the rule' within 30 days.’ The rule remains no less flawed—and no less unlawful—than it was on October 31, 2023.'" https://lnkd.in/eXN-3idC #sec #seccompliance #securitieslaw #stockrepurchases #APA #administrativelaw #garygensler #crypto

*FREE ARTICLE* Interested in the inner workings of the multibillion-dollar litigation funding industry? Recent legislative movements in the United States shed light on growing concerns surrounding transparency and foreign influence within this sector. As states like Florida push for greater disclosure of financial backers behind lawsuits, questions arise about the impact on national security and the integrity of the justice system. Read the article to learn more about the evolving dynamics of litigation finance and its regulatory landscape. https://ow.ly/Cit850RsGHQ #LitigationFunding #LegalIndustry #Regulation #NationalSecurity #LegalNews

Feeling cheated or taken advantage of? You're not alone. Stonegate Law is here to fight for your rights and help you recover what you've lost. We specialize in: ✅ Timeshare Fraud ✅Misleading Sales Tactics ✅Predatory Financial Terms ✅Solar Panel Scams 🌐https://lnkd.in/eVATBGFn 📞(918) 203-6401 #stonegatelaw #consumerprotection #timesharefraud #misleadingsales #predatorylending #solarpanelscam #lawfirm #newjerseyattorney #newjerseylawyer

Explainer-What is the US SEC's in-house court under Supreme Court review?   The U.S. Supreme Court is due to rule in coming days on whether to curtail the Securities and Exchange Commission's use of in-house judges to adjudicate enforcement actions, with potentially big implications for other agencies.   The court last year decided to take up the Biden administration's appeal of a lower court's ruling that deemed the SEC's in-house tribunal proceedings unconstitutional.   https://lnkd.in/e-QweZXP   #CroneLawGroup #InternationalLawFirm #SecuritiesLaw #CorporateFinance #LegalExpertise #CapitalMarkets #MergersAndAcquisitions The Crone Law Group, P.C.

As highlighted in our prior Advisory, the Supreme Court's holding in Jarkesy stripped the SEC of its ability to seek civil penalties for securities fraud in administrative proceedings. Please join us for a webinar on Tuesday, July 23 at noon ET, where members of our Securities Enforcement & Litigation practice will discuss the implications for the SEC’s enforcement program and for other civil penalty statutory regimes likely to face challenges. Register now! #SCOTUS #SEC #capitalmarkets #LegalUpdate #webinar #securitieslaw #administrativelaw #enforcement #regulatory

In a lawsuit, what defines a reasonable settlement? Read my blog post about this topic: https://lnkd.in/gtCwBfsA #bartlesvillelawblog