February 2024 - cypherpunks - lists.cpunks.org

Former LC&F Exec Fined, Banned Over Misleading Ads
by Gunnar Larson 14 Feb '24

14 Feb '24

Former LC&F Exec Fined, Banned Over Misleading Ads <https://www.law360.co.uk/financial-services-uk/articles/1797180?nl_pk=a94fc…> By Joel Poultney The Financial Conduct Authority said Tuesday that it has fined and banned a former director at London Capital & Finance PLC from working in financial services after he recklessly oversaw scores of financial promotions that left investors out of pocket. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1797180?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1797180?nl_pk=a94fc…>

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Conn. Judge Nom Blames Order Gaffe On 'Very Bad Moment'
by Gunnar Larson 14 Feb '24

14 Feb '24

Conn. Judge Nom Blames Order Gaffe On 'Very Bad Moment' <https://www.law360.com/cannabis/articles/1796717?nl_pk=c844ee6a-f80e-4e60-b…> By Ryan Harroff Connecticut lawmakers on Tuesday grilled a judge about an admonishment he received for berating a man over disobeying a nonexistent court order — a lapse the jurist attributed to a "very bad moment" — and also questioned his respect for the state high court's precedent. Read full article » <https://www.law360.com/cannabis/articles/1796717?nl_pk=c844ee6a-f80e-4e60-b…> | Save to favorites » <https://www.law360.com/cannabis/articles/1796717?nl_pk=c844ee6a-f80e-4e60-b…>

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NY AG Inks $750K Deal In College Board Data Privacy Case
by Gunnar Larson 14 Feb '24

14 Feb '24

NY AG Inks $750K Deal In College Board Data Privacy Case <https://www.law360.com/newyork/articles/1797519?nl_pk=ac5a3855-e47c-4403-be…> By Elliot Weld New York Attorney General Letitia James said her office had reached a $750,000 settlement with the College Board, the nonprofit that administers the SAT and PSAT exams, to resolve claims that the organization illegally harvested students' data and sold it to colleges and scholarship programs. Settlement attached | Read full article » <https://www.law360.com/newyork/articles/1797519?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1797519?nl_pk=ac5a3855-e47c-4403-be…>

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Wells Fargo Can't Beat Inflated Stock Option Suit
by Gunnar Larson 14 Feb '24

14 Feb '24

Wells Fargo Can't Beat Inflated Stock Option Suit <https://www.law360.com/banking/articles/1797576?nl_pk=feb6bbba-7878-4d39-be…> By Grace Elletson A Minnesota federal judge on Tuesday rejected Wells Fargo & Co.'s request to toss a proposed class action claiming the banking giant used its $40 billion employee retirement plan to buy company stock options at an inflated value to shoulder the company's 401(k) matching burden. Read full article » <https://www.law360.com/banking/articles/1797576?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1797576?nl_pk=feb6bbba-7878-4d39-be…>

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Voyager Investors Suing Mark Cuban Reach Deal With Gronk
by Gunnar Larson 14 Feb '24

14 Feb '24

Voyager Investors Suing Mark Cuban Reach Deal With Gronk <https://www.law360.com/capitalmarkets/articles/1796611?nl_pk=abe82add-2a33-…> By Alex Wittenberg Investors suing billionaire Mark Cuban over his role in promoting now-bankrupt Voyager Digital Ltd. said Tuesday they had reached a tentative agreement with former NFL star Rob Gronkowski to stay claims tied to his social media posts and appearances boosting the cryptocurrency firm. Read full article » <https://www.law360.com/capitalmarkets/articles/1796611?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1796611?nl_pk=abe82add-2a33-…>

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PR Giant Ketchum Sued Over Voyager's Celeb Crypto Promos
by Gunnar Larson 14 Feb '24

14 Feb '24

PR Giant Ketchum Sued Over Voyager's Celeb Crypto Promos <https://www.law360.com/capitalmarkets/articles/1796691?nl_pk=abe82add-2a33-…> By Aislinn Keely A class of users of bankrupt crypto lender Voyager have sued public relations company Ketchum Inc. in Florida federal court over its work organizing a Voyager event with an NBA basketball team and other promotional materials, which the users say amounted to aiding and abetting the crypto platform's sale of unregistered securities. Complaint attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1796691?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1796691?nl_pk=abe82add-2a33-…>

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Fintech Group Of The Year: Sullivan & Cromwell
by Gunnar Larson 14 Feb '24

14 Feb '24

Fintech Group Of The Year: Sullivan & Cromwell <https://www.law360.com/fintech/articles/1783676?nl_pk=d2b3e7ef-ab62-4a62-80…> By Aislinn Keely Sullivan & Cromwell LLP's fintech group led some of 2023's most headline-grabbing crypto cases, from steering the bankruptcy of FTX to defending Coinbase in a landmark securities registration suit, earning the firm a spot among Law360's 2023 Fintech Groups of the Year.

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Cuomo Says Law Firms Won't Comply With Subpoenas
by Gunnar Larson 14 Feb '24

14 Feb '24

Cuomo Says Law Firms Won't Comply With Subpoenas <https://www.law360.com/newyork/articles/1797302?nl_pk=ac5a3855-e47c-4403-be…> By Ryan Boysen Former New York Gov. Andrew Cuomo wants to force law firms Cleary Gottlieb Steen & Hamilton LLP and Vladeck Raskin & Clark PC to turn over information about the women whose sexual misconduct accusations forced him to resign, even as those women accuse Cuomo of "blatantly" weaponizing his taxpayer-funded attorneys to mount a "revenge" campaign through the courts. Letter attached | Read full article » <https://www.law360.com/newyork/articles/1797302?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1797302?nl_pk=ac5a3855-e47c-4403-be…>

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SEC's Gensler Promises 'War' On AI Fraud
by Gunnar Larson 14 Feb '24

14 Feb '24

SEC's Gensler Promises 'War' On AI Fraud <https://www.law360.com/fintech/articles/1797350?nl_pk=d2b3e7ef-ab62-4a62-80…> By Jessica Corso U.S. Securities and Exchange Commission Chair Gary Gensler told an audience of Yale Law School students on Tuesday that financial firms using so-called artificial intelligence could face the agency's wrath if they don't put proper safeguards in place to combat fraud against investors. Read full article » <https://www.law360.com/fintech/articles/1797350?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1797350?nl_pk=d2b3e7ef-ab62-4a62-80…>

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Bank Trade Chief Warns Of Rules 'Masquerading As Guidance'
by Gunnar Larson 14 Feb '24

14 Feb '24

Subject: Bank Trade Chief Warns Of Rules 'Masquerading As Guidance' Bank Trade Chief Warns Of Rules 'Masquerading As Guidance' <https://www.law360.com/banking/articles/1796882?nl_pk=feb6bbba-7878-4d39-be…> By Jon Hill The American Bankers Association's chief executive fired off a warning shot at federal regulators on Monday over their use of agency guidance, cautioning that several recent documents addressing certain bank fees and other practices are no substitute for formal rulemaking. 2 documents attached | Read full article » <https://www.law360.com/banking/articles/1796882?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1796882?nl_pk=feb6bbba-7878-4d39-be…>

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