November 25, 2024

Actions in the Federal Courts – Month in Review Newsletter – November 2024

REPUBLICAN ATTORNEYS GENERAL SIDE WITH THE CRYPTO INDUSTRY BY CHALLENING THE SEC’S AUTHORITY OVER CRYPTO TRADING: Kentucky v. SEC, No. 3:24cv69 (E.D. Ky) (filed 11-14-24) The crypto industry has some new allies…

February 08, 2024

Supreme Court Sides with Whistleblowers and Against Companies Who Seek to Hide Their Illegal Activity

WASHINGTON, D.C.— Stephen Hall, Better Markets’ Legal Director and Securities Specialist, issued the following statement in connection with the Supreme Court’s unanimous decision in Murray v. UBS Securities LLC, which held that whistleblowers need…

January 31, 2024

Kalshi’s Failed Attempt to Promote Gambling on Congressional Elections Is Now Playing out in Court

Kalshi’s Failed Attempt to Promote Gambling on Congressional Elections Is Now Playing out in Court KalshiEx LLC (Kalshi) wants to offer trading in a new derivatives contract that would allow…

November 21, 2023

DOJ’s Settlement with Binance and Its CEO Once Again Showcases Lawlessness of Crypto Industry and Grossly Deficient Punishment for White Collar Criminals

WASHINGTON, D.C.— Dennis M. Kelleher, Co-founder, President, and CEO of Better Markets issued the following statement on the settlement among the U.S. Justice Department (DOJ) and Binance and its CEO Changpeng Zhao known…

December 08, 2022

Expert Analysis in Law 360: SEC Must Improve Enforcement Quality With 3 Key Factors

The following piece ran in Law 360 on December 7, 2022 by Stephen Hall and Houston Shaner On Nov. 15, the U.S. Securities and Exchange Commission’s Division of Enforcement…

November 15, 2022

The Rise in SEC Enforcement Stats Is Welcome News, But the Numbers Alone Don’t Tell the Whole Story

WASHINGTON, D.C.—Stephen Hall, Legal Director and Securities Specialist, issued the following statement in response to the SEC’s enforcement statistics for fiscal year 2022, released today: “The numbers sound impressive.  For example,…

September 26, 2022

Better Markets Supreme Court Report Shows Decisions Affect Americans’ Wallets and Threaten Financial Protection Rules

WASHINGTON, D.C.—Stephen Hall, Legal Director and Securities Specialist, released the following statement on the publication of a new Better Markets report, The Supreme Court’s Decisions That Affect Americans’…

August 30, 2022

DOJ’s Opinion Rejecting Former FDIC Chair’s Attempted Coup and Confirming the Authority of the Majority of Directors Upholds the Rule of Law

WASHINGTON, D.C.— Dennis Kelleher, Co-Founder, President, and CEO, issued the following statement on release of the opinion of the Office of Legal Counsel at the Department of Justice regarding powers of the…

August 10, 2022

The Criminal Conviction of Two JPMorgan Chase Officers Could Be a Gamechanger Signaling the Beginning of the End to the Wall Street Crime Spree

WASHINGTON, D.C.— Dennis Kelleher, Co-Founder, President, and CEO, issued the following statement on the jury verdict convicting two JPMorgan Chase officers of criminal conduct: “Today’s jury verdict convicting two officers of JPMorgan…