Jury Returns Split Verdict in Rare Securities Class Action Trial Against Elon Musk

Plus Musk's "legal realism" leads to unusual settlement discussions with the SEC.

SEC Enforcement Director Resigns, Permanent Successor to be Announced in "Coming Weeks"

Plus the SDNY tells Sam Bankman-Fried to stop having his mom call the court.

SEC Announces Dismissal of Case Against Founder of Crypto Social Network BitClout

Plus drama/"palpable vibe shift" at the ABA White Collar Crime Institute.

CFTC Issues First Guidance on Prediction Market Manipulation

Plus do your insider trading policies cover the prediction markets?

Court Orders SEC to Produce Documents on How Off-Channel Communications Fines Were Determined

Plus Exxon moving from Delaware to Texas?

SEC Chair Atkins Pledges Harmony with CFTC, Says "Era of Duplicative Enforcement Actions" is Over

Plus a federal judge rules that Kalshi is subject to Ohio sports betting law.

Court Dismisses Terror Financing Lawsuit Against Binance, Zhao

Plus Cushman & Wakefield gets sued because its 401(k) plans don’t include ESG funds.

SEC and CFTC Moving in Together?

Plus Russ Ryan says the Supreme Court may have put an end to FINRA’s regulatory immunity.

This newsletter is off today, back on Monday.

Elon Musk Takes Stand in Securities Class Action Trial, Says Key Tweet "May Not be My Wisest"

Plus a securities class action about ties to Jeffrey Epstein.

SEC Brought 68% Fewer Accounting and Auditing Actions in 2025

Plus should Congress intervene in the prediction markets turf war between states and the CFTC?

SEC Announces Dismissal of Action Against Former CFO of View, Inc.

Plus another section for the syllabus of “The Law of Elon Musk.”