SEC's 1st Crowdfunding Enforcement Turns Heat On Portals
New York partner Eliza Sporn Fromberg was featured in a Law360 article discussing the potential impact of the SEC's first enforcement action on crowdfunding portals.
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Securities investigations and enforcement actions by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), U.S. Department of Justice, and other federal and state regulatory agencies continue unabated.
Lawyers on the White Collar Defense and Investigations team, often working with experienced colleagues in the firm's Corporate and Business Law group, have counseled numerous clients in connection with securities investigations and actions. We have represented companies and individuals in connection with all aspects of securities law enforcement, from litigation to complex investigations to preventive compliance. Some matters in this area include the following:
We have an established track record of convincing regulators to close investigations without taking action against our clients. We have persuaded SEC and SRO staff to reverse preliminary recommendations of enforcement action. We have assisted clients in reaching favorable settlements with regulators to avoid the risks of litigation and adverse publicity, and where settlement is not desirable, clients benefit from our considerable trial and appeals experience.
White Collar attorneys John Vukelj, Sarah Krissoff and Gregory R. Bruno authored an article for the New York Law Journal titled, "Stock Trading Plan Rule Amendments Augur Changes to Securities Fraud Litigation."
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Judge Christopher Droney (ret.) and Matthew Austin co-authored the article, "The Investigation and Enforcement Landscape Under the Garland Department of Justice," for the New York Law Journal.
Judge Christopher Droney presented a webinar, "Perspectives on Practicing in the Age of COVID-19" for the Holy Cross Lawyers Association (HCLA).
Clifford Nichols wrote an article, "When Addressing Cybersecurity and Data Breach, Don't Forget eDiscovery," for New Jersey Law Journal. The article is about how companies should consider eDiscovery and litigation response issues when making policy or infrastructure changes to address cybersecurity and data breach risks.
New York partner Eliza Sporn Fromberg was featured in a Law360 article discussing the potential impact of the SEC's first enforcement action on crowdfunding portals.
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Washington Legal Foundation quotes Day Pitney's White Collar Roundup in its recent article, "SEC Takes a Crack at Expanding Misappropriation Theory to 'Shadow' Insider Trading."
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Stan Twardy was quoted in the New York Times article, "Top Aid in Review of Russia Inquiry Resigns From Justice Dept."