DOJ Announces First Declination Under Department-Wide Corporate Enforcement Policy

Plus SEC Enforcement is hiring again.

Microsoft Hit With Securities Class Action for Overstating AI Prospects and Success

Plus "Shadow AI" triggers SEC Form 8-K filing for unauthorized AI use.

Decades of Data Show Downward Trend in Insider Trading Cases

Plus more on the pick to be the next U.S. Attorney for the SDNY.

Bond Trader Ken Leech Pleads Guilty to Obstruction of SEC Investigation

Plus Pres. Trump selects James McDonald as next U.S. Attorney for the SDNY.

Pres. Trump to Nominate Former SEC Chairman Jay Clayton as Director of National Intelligence

Plus Citigroup to rollout tokenized shares of private companies.

Sen. Warren Asks SEC to Delay SpaceX IPO to Allow for Further Scrutiny

Plus the CFTC proposes detailed rules on what should be permitted on prediction markets.

Kalshi to Require Users to Disclose Their Employer in High-Risk Markets

Plus four steps defense counsel can take following the Supreme Court's decision in Sripetch.

Looming Challenge for Prediction Markets: Policing Insider Trading in Elections

Plus the SEC and CFTC will not be moving in together after all.

DOJ, SEC Charge Former Investment Analyst With Insider Trading in at Least 12 Healthcare Companies

Plus an error with the verdict form that Andrew Left argues merits a mistrial in his criminal conviction.

Supreme Court Affirms SEC Disgorgement Power Even Without Showing of Pecuniary Loss to Investors

Plus CFTC follows SEC in ending "no admit, no deny" rule.

This newsletter is off today, back on Friday.

CFTC Investigating Former Rep. George Santos for Insider Trading on Kalshi

Plus Milbank and McDermott lead a new increase in Big Law associate salaries.