Coinbase Joins the Fortune 500

Good morning from Washington, D.C.! This week we are sharing videos of the panels from Securities Enforcement Forum West 2022 (May 12, 2022 in Palo Alto, California).

First up today: "Whistleblower Update – The Impact on Corporations and SEC Enforcement" featuring Hardy Callcott, Sidley Austin; Kristin Flinn, Berkeley Research Group; Sean Prosser, Mintz Levin; and Katharine Zoladz, SEC. 

In this panel, Kristin Flinn observed that "when you are opening an internal investigation or if there is a suspected whistleblower, cast a wide net” because whistleblower claims often lead to the discovery of internal control failures.

The panel also discussed In the Matter of David Hansen, in which the SEC fined a CIO $100,000 for interfering with an employee’s ability to communicate with the SEC.

Next was a very timely panel on "Cryptocurrency Regulation, Enforcement and Litigation." This panel featured Peter Altman, Akin Gump; Steven Buchholz, SEC; Michael Dicke, Fenwick & West; Robert Letson, Cornerstone Research; and Matthew Solomon, Cleary Gottlieb.

The panel looked at some of the most significant and surprising developments and cases in the digital asset space in the last year.  It also broke down SEC Enforcement's recent significant investment and focus on its Crypto Assets and Cyber Unit.

People

Russ Ryan has joined the New Civil Liberties Alliance, a nonprofit civil rights group founded to "protect constitutional freedoms from violations by the Administrative State." Ryan was previously a partner at King & Spalding, and a former senior enforcement official with the SEC and FINRA.

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