House Passes Dedicated Insider Trading Bill

On May 18, the U.S. House of Representatives passed H.R.2655, the Insider Trading Prohibition Act.  If passed by the Senate, the legislation would be the first dedicated legislation to combat insider trading.  For decades, the Department of Justice and Securities and...

SEC Awards Whistleblower $18 Million

The Securities and Exchange Commission (SEC) recently announced that it had awarded $22 million to two whistleblowers, with one of those individuals receiving an $18 million award. The two individuals provided the SEC with information concerning the same...

Gensler Sworn in as SEC Chairman

On April 17, Gary Gensler was sworn in as Chair of the Securities and Exchange Commission (SEC).  After being nominated by President Biden on February 3, 2021, Gensler was confirmed by the Senate in a 53-to-45 vote on April 14. Gensler is a non-attorney, and will be...