Month: March 2022
Jon-Jorge Aras, Partner and Chair of Securities Litigation at Warren Law Group, secured an award and expungement for our client, a broker, who was wrongfully terminated and defamed in a malicious U5 statement. The arbitrators found that punitive and compensatory damages were appropriate given the willful misconduct of the Respondents. If you are a broker…
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Yesterday, March 28th, the SEC announced insider trading charges against three software engineers at Twilio, Inc., and their families and friends for allegedly generating over $1 million from company profits. The engineers involved in this case had exclusive access to various company databases that contained information regarding the company’s revenue. In an internal messaging chat, one…
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Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) are developing crypto’s first bipartisan bill surrounding regulatory guidelines. The debate between which government regulatory agency, the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC), will control cryptocurrency has been hot in all things blockchain-related. Previous bills regarding regulatory frameworks have been split…
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The SEC recently charged a school district in Texas and its former CFO, Carla Merka, with fraud in a $20 million bond sale. This investigation is especially notable because not only were the two main parties involved charged but Merka’s auditor, Shelby Lackey, was also charged with fraud. Lackey “failed to obtain sufficient appropriate audit…
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Several US lawmakers have called for the SEC to implement more progressive policies surrounding the cryptocurrency markets. These Representatives have taken to Twitter to express their frustration with the SEC’s method behind obtaining information from cryptocurrency and blockchain companies. Christopher Warren, Managing Partner at Warren Law Group states, “This call for a more innovative approach to…
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The SEC is probing several major accounting firms and questioning whether these firms consulting activities and non-audit services undermine their ability to “conduct independent reviews of public companies’ financials.” This investigation comes when the SEC is trying to implement new policies surrounding financial-market gatekeepers. While these firms are a necessary and integral piece of the…
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In a series of deleted tweets from the morning of March 14th, Elon Musk stated that he will not be selling his shares of Bitcoin, Ethereum, or Dogecoin despite the drastic plummet of the crypto market. Nonetheless, Musk’s tweets sparked a 10% increase in Dogecoin but quickly dropped just hours after its peak. It is ironic that…
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Warren Law Group (WLG) is very pleased to announce the promotion of David Rosenfield to Partner at the firm. David has become the Chair of WLG’s White Collar Defense and Investigations Practice and will collaborate with the firm’s securities and regulatory groups. David will also practice civil and commercial litigation. David is a knowledgeable, practical,…
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At Warren Law Group, we prioritize staying in the know with regard to all things finance. Therefore, we are proud to announce that effective March 11, 2022, we will accept cryptocurrencies, Bitcoin and Ethereum as payment methods. Please email info@warren.law or call (866) WLGROUP with questions or inquiries.
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