Ed. note: This is a new weekly column by Elie Mystal, Managing Editor of Above the Law Redline, wrapping up the week that was in law and finance. Elie is not a practicing attorney, and anything he says that you listen to can and will be used against you. Issue #1: The $4.3 billion chat […]
Okay, so Daniel Gallagher, Michael Piwowar, Nino and his sidekick all seem to agree that insider-trading is, in fact, a crime. But what sort of crime? The SEC’s two Republicans think that it may sort of be a victimless crime, insofar as it isn’t always possible to figure out who the victims are, and insofar […]
Things aren’t going well for you when you find yourself at the receiving end of sharp words from both Supreme Court Justices Antonin Scalia and Ruth Bader Ginsberg. Well, that’s where the SEC finds itself in its effort to read a five-year statute of limitations creatively.