ABA Journal

Securities Law

1364 ABA Journal Securities Law articles.

Commodity Futures Trading Commission to meet regarding cryptocurrency

The U.S. Commodity Futures Trading Commission is scheduled to hold two meetings this month regarding the future of cryptocurrency derivatives trading.

“Undoubtedly, virtual currency and virtual currency derivatives present both…

Ex-BigLaw partner who represented Shkreli faces possible 20-year sentence

A former income partner at Katten Muchin Rosenman faces a sentence of up to 20 years in prison when he is sentenced for his role in a securities fraud scheme…

New SEC cyber unit makes first filing, and it’s over a cryptocurrency sale

On Friday, the Securities and Exchange Commission filed and obtained an emergency action against PlexCorps, a Canadian company promoting an initial coin offering, or ICO.

In the filing

US regulator to allow bitcoin futures trading for the first time

Updated: The U.S. Commodity Futures Trading Commission will allow futures trading of bitcoin.

In a press release issued Friday, the derivatives regulator cleared the way for the Chicago Mercantile…

Former BigLaw partner pleads guilty to insider trading

A former Foley & Lardner partner has pleaded guilty to insider trading for using information from the law firm’s computer network to make stock trades.

Walter “Chet” Little of Apollo…

Research scientist pleads guilty to using information from wife’s legal work for insider trading

A research scientist pleaded guilty to securities fraud Monday for trading on information about a corporate acquisition that he had learned about through his wife’s legal work at Linklaters.


SEC alleges general counsel aided Ponzi scheme, approved misleading ads

The Securities and Exchange Commission is alleging that a corporate general counsel participated in a Ponzi scheme that targeted naïve investors in ads that sometimes ran on the Rush Limbaugh Show.

Equifax is reportedly reviewing actions of its top lawyer, who oversaw security and stock sales

Equifax’s board of directors is reportedly scrutinizing the actions of the company’s chief legal officer, John Kelley, because of two of his duties—overseeing security and approving stock sales by executives.

Oops! WilmerHale email to reporter reveals apparent SEC probe into PepsiCo GC’s departure

Updated: A misaddressed email from WilmerHale informed a Wall Street Journal reporter that the Securities and Exchange Commission was investigating the departure of PepsiCo’s general counsel.

SEC discloses hackers accessed EDGAR system and may have traded on the information

The Securities and Exchange Commission disclosed on Wednesday evening that its EDGAR corporate filing system was hacked in 2016.

The hack of nonpublic information “may have provided the basis for…

Automation guides Lexis Practice Advisor search of SEC docs

Using data mining and search term analytics, LexisNexis has made it easier to search through Securities and Exchange Commission filings.

A revamp of the Lexis Practice Advisor website launched…

As initial coin offerings grow, so do cryptocurrency scams

Cybercriminals are finding new opportunities in blockchain investment scams.

Chainalysis, a New York-based firm that makes software to protect against cryptocurrency money laundering, released numbers this week saying that…

Securities class action filings reach high point; are weaker cases being brought?

The number of securities class action filings this year has reached the highest point since the information was first tracked in 1996.

In the first six months of the year,…

‘Pharma Bro’ Martin Shkreli convicted of securities fraud in mixed verdict

Drug company CEO Martin Shkreli--the self-described "Pharma Bro"--said he was “delighted in many ways” after he was convicted Friday on three of eight counts in a securities fraud trial he called a "witch hunt."

Jury selection in Shkreli fraud trial follows trend of favoring the uninformed

Jury selection in the fraud trial of former drug company CEO Martin Shkreli followed what has become more of a trend: Lawyers are seeking jurors who uninformed as well…

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