Capital Markets

  • December 15, 2025

    Texas, Toronto Stock Exchanges End Trademark Dispute

    The Texas Stock Exchange has buried the hatchet with the Toronto Stock Exchange and ended its suit seeking a court finding that the two exchanges' logos are dissimilar. 

  • December 15, 2025

    Judge Exits ESOP Suit Against BDO, Citing His Wife's Tie

    A Massachusetts federal judge recused himself from a proposed class action alleging that accounting giant BDO USA and company executives sold stock at an inflated price to an employee stock ownership plan in a $1.3 billion deal, citing his wife's financial interest in a company involved in the case.

  • December 12, 2025

    30 Years On, PSLRA Debates Still Rage In Securities Cases

    Thirty years ago this month, Congress overrode a presidential veto to enact a law that changed the landscape of shareholder class action lawsuits. How the Private Securities Litigation Reform Act will continue to change that landscape remains a live issue as courts continue to wrestle with the question of how investors can prove that they've been injured by alleged corporate malfeasance.

  • December 12, 2025

    SEC, Ex-Advisers Settle Unregistered Securities Sales Claims

    The U.S. Securities and Exchange Commission has reached a settlement with a pair of former investment advisers it accused of participating in a fraudulent scheme to sell unregistered oil and gas securities, according to a motion filed on Friday.

  • December 12, 2025

    CFTC Drops 'Outdated' Crypto Guidance On Actual Delivery

    The Commodity Futures Trading Commission has withdrawn what it called "outdated" guidance on the actual delivery of cryptocurrency, to be more in line with recommendations from the President's Working Group on Digital Asset Markets, and has issued no-action letters to several prediction market platforms.

  • December 12, 2025

    Starbucks Defends Ex-CFO In Investors' 'Triple Shot' Suit

    Starbucks Corp. is fighting shareholders' effort to reinstate claims against its former chief financial officer in a lawsuit they brought over the company's "Triple Shot" reinvention plan, arguing that a judge in Seattle correctly dismissed claims against the onetime executive. 

  • December 12, 2025

    OCC Conditionally Grants 5 Crypto-Focused Trust Charters

    The Office of the Comptroller of the Currency on Friday gave five crypto-focused firms a preliminary nod to operate as national trust banks, clearing the way for crypto to integrate further into the banking system despite pushback from banking lobbyists.

  • December 12, 2025

    Crypto Industry Balks At Citadel Securities' Call For Regs

    Cryptocurrency advocates pushed back Friday against Citadel Securities' request that the U.S. Securities and Exchange Commission more closely monitor decentralized trading platforms, contending that placing the industry under the same strictures as traditional exchanges would "undermine" innovation.

  • December 12, 2025

    Oppenheimer Fined $1.2M In SEC Muni Bond Disclosure Case

    Oppenheimer & Co. Inc. has agreed to pay the U.S. Securities and Exchange Commission $1.2 million for allegedly skirting municipal bond disclosure requirements, the regulator announced Friday.

  • December 12, 2025

    Bogus AI Hedge Fund Chief Finalizes $4.1M SEC Deal

    A self-styled hedge fund CEO who pled guilty to scamming investors with claims that his firm used artificial intelligence for its high-frequency trading strategy has finalized a parallel $4.1 million settlement with the U.S. Securities and Exchange Commission, though the debts would be considered satisfied by his criminal restitution, a Brooklyn federal judge said Friday.

  • December 12, 2025

    Chancery Lets Nextdoor Argue De-SPAC Suit Filed Too Late

    The Delaware Chancery Court on Friday let Nextdoor Inc. and related defendants argue that investors waited too long to sue over the company's de-SPAC merger, while pausing discovery as the court considers motions that could end the case.

  • December 12, 2025

    Nasdaq Seeks Power To Block IPOs Over Manipulation Risks

    Nasdaq proposed a rule change on Friday that would give the exchange new discretion to block initial public offerings even when companies meet all quantitative listing requirements, citing concerns that certain stocks could be vulnerable to manipulation once they begin trading.

  • December 12, 2025

    4 Big ERISA Litigation Developments From 2025's 2nd Half

    The Eleventh Circuit signaled it may be willing to change its precedent to make it easier for federal benefits lawsuits to get to the courthouse door, while the Second Circuit shut down a challenge to a union pension plan's private equity investment emphasis. Here's a look back at these and two other significant Employee Retirement Income Security Act litigation developments from the latter half of 2025 that benefits attorneys should have on their radar.

  • December 12, 2025

    Fenwick, Latham Lead Robo-Adviser Wealthfront's $485M IPO

    Digital wealth management firm Wealthfront made its public debut on the Nasdaq Friday after raising $485 million in its initial public offering, a move that comes after the venture-backed company filed confidential plans to go public this summer.

  • December 12, 2025

    Higgs Fletcher Forms White Collar, Regs Enforcement Team

    San Diego-based law firm Higgs Fletcher & Mack LLP has launched a white collar crime and regulatory enforcement defense practice group, citing heightened regulatory scrutiny in the financial and healthcare sectors and rising enforcement risks for licensed professionals and institutions.

  • December 11, 2025

    FSOC To Tack Toward Deregulation For Growth, Bessent Says

    U.S. Treasury Secretary Scott Bessent said Thursday that the Financial Stability Oversight Council will pivot toward a focus on promoting economic growth through deregulation, charting a new course for the panel that mirrors shifts underway at its member agencies.

  • December 11, 2025

    House Passes Bill To Rev Up Investment, Biz Opportunities

    The U.S. House of Representatives on Thursday passed bipartisan legislation that would revamp securities law by making it easier for entrepreneurs and small businesses to access capital and by expanding investment opportunities in private markets.

  • December 11, 2025

    Gemini To Offer Prediction Markets With CFTC License

    Winklevoss-led crypto firm Gemini plans to soon offer prediction markets to customers now that it's won a designated contract market license from the U.S. Commodity Futures Trading Commission.

  • December 11, 2025

    Fla. Judge OKs Ch. 11 Plan For $1.7B Miami High-Rise Plot

    A Florida bankruptcy judge has confirmed the Chapter 11 plan for the owners of a prized piece of land proposed for a high-rise construction along the skyline of downtown Miami that could be worth more than $1 billion once redeveloped.

  • December 11, 2025

    SEC Gets Amended $32M Win In Real Estate Fraud Suit

    A Florida federal judge on Dec. 11 granted the U.S. Securities and Exchange Commission's bid for an amended $32 million default judgment against three companies owned by two French half-brothers accused of misappropriating $40 million from investors in a real estate investment fraud scheme, and entered a final judgment against one of the brothers.

  • December 11, 2025

    SEC Must Provide Names To Compliance Chief In Fraud Suit

    An Illinois federal judge on Thursday ordered the U.S. Securities and Exchange Commission to comply with a chief compliance officer's request for the names of agency staffers familiar with his whistleblower claims as he defends allegations that he played a role in a purportedly fraudulent stock offering by a "sham" energy company.

  • December 11, 2025

    SEC Gives DTCC Nod To Offer Tokenization Service

    The U.S. Securities and Exchange Commission on Thursday issued a no-action letter clearing the way for The Depository Trust & Clearing Corp. to launch a service tokenizing certain securities.

  • December 11, 2025

    Chancery OKs $13M Concord SPAC Deal, Delays Fee Ruling

    Delaware Vice Chancellor Paul A. Fioravanti Jr. on Thursday approved a $13.08 million settlement resolving claims that Concord Acquisition Corp.'s insiders tried to divert a $20 million breakup fee to themselves after the SPAC's failed merger with cryptocurrency company Circle, but he deferred ruling on attorney fees until plaintiffs supply additional time records.

  • December 11, 2025

    Del. Court Mulls Mootness Fee Options In Bolt Suit Settlement

    A Delaware vice chancellor indicated Thursday that he was leaning toward awarding 10% to 15% of the benefit secured by attorneys who battled for cancellation of $37.5 million in Bolt Financial Group stock used by company controller Ryan Breslow to secure a later defaulted-upon personal loan.

  • December 11, 2025

    Fed Terminates 3 Actions Against Credit Suisse, JPMorgan

    The Federal Reserve said Thursday that it has terminated a trio of enforcement actions against Credit Suisse Group AG and JPMorgan Chase & Co., lifting consent orders that were tied to alleged illicit finance practices and trade surveillance failures.

Expert Analysis

  • Where Crypto Mixing Enforcement Is Headed From Here

    Author Photo

    Recent developments involving crypto mixers, particularly the Tornado Cash verdict, demonstrate that the Justice Department's shift away from regulation by prosecution does not mean total immunity, rather reflecting an approach that prioritizes both innovation and accountability, says David Tarras at Tarras Defense.

  • Why Foreign Cos. Should Prep For Increased SEC Oversight

    Author Photo

    With the recent trading suspensions of 10 foreign-based issuers listed on the Nasdaq, an enforcement action against a U.K. security-based swap dealer and the announcement of a cross-border task force, it's clear that the U.S. Securities and Exchange Commission will expand oversight on foreign companies participating in the U.S. capital markets, says Tejal Shah at Cooley.

  • How Nasdaq, SEC Proposals May Transform Listing Standards

    Author Photo

    Both Nasdaq and the U.S. Securities and Exchange Commission have increasingly focused their recent regulatory efforts on small and foreign issuers, particularly those from China, reflecting an intention to strengthen the overall quality of companies accessing U.S. markets, but also potentially introducing a chilling effect on certain issuers, say attorneys at Norton Rose.

  • Series

    Building With Lego Makes Me A Better Lawyer

    Author Photo

    Building with Lego has taught me to follow directions and adapt to unexpected challenges, and in pairing discipline with imagination, allows me to stay grounded while finding new ways to make complex deals come together, says Paul Levin at Venable.

  • How Banks Can Safely Handle Payments For Gambling Biz

    Author Photo

    As the betting market continues to expand, it's crucial for banks and fintechs to track historical developments in wagering and ongoing prediction markets litigation that can factor into a risk analysis for payment processing with respect to gambling operators, says Laura D'Angelo at Jones Walker.

  • SEC Focused On Fraud As Actions Markedly Declined In 2025

    Author Photo

    The U.S. Securities and Exchange Commission's enforcement activity in its fiscal year 2025 was its lowest in 10 years, reflecting not only a significant decline in the commission's workforce, but also Chairman Paul Atkins' stated focus on fraud and individual wrongdoing and a new approach to crypto regulation, say attorneys at Covington.

  • Series

    Law School's Missed Lessons: Networking 101

    Author Photo

    Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

    Author Photo

    State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

  • A Look At State AGs' Focus On Earned Wage Products

    Author Photo

    Earned wage products have emerged as a rapidly growing segment of the consumer finance market, but recent state enforcement actions against MoneyLion, DailyPay and EarnIn will likely have an effect on whether such products can continue operating under current business models, say attorneys at Quinn Emanuel.

  • Digital Asset Treasury Trend Signals Wider Crypto Embrace

    Author Photo

    While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.

  • Series

    The Biz Court Digest: How It Works In Massachusetts

    Author Photo

    Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

  • How The SEC May Overhaul Its Order Protection Rule

    Author Photo

    Attorneys at Skadden trace the evolution of the controversial Rule 611 of Regulation National Market System, examine the current debate surrounding its effectiveness, and consider how the U.S. Securities and Exchange Commission's emerging Project Crypto initiative could reshape Regulation NMS for a tokenized, on-chain market environment.

  • Why Appellees Should Write Their Answering Brief First

    Author Photo

    Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.

  • Questions To Ask Your Client When Fraud Taints Financing

    Author Photo

    As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.

  • Series

    Mindfulness Meditation Makes Me A Better Lawyer

    Author Photo

    Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Capital Markets archive.