SEC Charges Audit Firm with Fraud for "Wholesale Failures," "Falsely Documented Work"

Plus the increasing risk to public companies over AI disclosures.

This newsletter is off today, back on Monday

Lawsuit by Citadel and Allies Tries to Paint Consolidated Audit Trail as "Dystopian Nightmare"

Plus Terraform Labs says its limited activities in U.S. make proposed $5.3 billion fine unjustified.

Binance's CZ Sentenced to Four Months in Prison

Plus a busy day in the "People" section of this newsletter.

Sentencing Day is Here for Binance's CZ, Betting Markets Predict Sentence Under 6 Months

Plus it looks like #TwitterSitterForever.

SEC Brings Settled Action for Insider Trading Ahead of TravelCenters Acquisition

Plus "incensed" audit firms push back against proposed PCAOB rule expanding their role.

Ethereum Developer Receives Wells Notice, Sues SEC for "Unlawful Seizure of Authority"

Plus the SEC's increased scrutiny of private equity and hedge funds over messaging apps.

SEC Charges Hedge Fund Manager with Lying to Investors

Plus "Bitcoin Sign Guy" sells his original sign for over $1 million.

DOJ Recommends 36-Month Sentence for Former Binance CEO

Plus the SEC seeks $5.3 Billion from Terraform Labs and Do Kwon

Two SEC Lawyers Resign in Fallout from DEBT Box Case

Plus please join us for a webcast today on “Impact Litigation Against SEC Overreach” (1 pm ET)

SEC Charges Founder of AI-Start Up With Fraudulent Misrepresentations

Plus "Code is Law" takes a hit.

Trader Convicted in First Crypto Market Manipulation Case

Plus the SEC charges Icaro Media with $22 million offering fraud.