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Takeaways for In-House Counsel from the SEC’s “Shadow Insider Trading” Trial

JD Supra: Mergers

Securities and Exchange Commission (SEC) takes the position that the insider trading laws apply where an insider uses material non-public information about his or her own company to trade securities of another company, such as a competitor or peer company in the same. By: Morrison & Foerster LLP

Trading 187
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Coinbase’s digital finance trading head returns to State Street as automation, analytics and platform services lead

The TRADE

Previously, he served as State Street’s global head of algorithmic trading, securities finance. Before joining State Street, Delikaris spent a decade at Goldman Sachs in a variety of roles including vice president, securities lending/credit-repo trading and associate, mortgage trader.

Finance 105
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FIS acquires post-trade platform Torstone Technology

The TRADE

Torstone is a global SaaS platform for post-trade securities and derivatives processing technology, originally built by and for a global investment bank. The fintech was founded in 2011 with originator and CEO Brian Collings still chief executive and chairman today.

Trading 111
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Bank of England and FCA to launch joint Digital Securities Sandbox

The TRADE

“The intention of the Bank and the FCA is that financial market participants, such as companies that use capital markets to raise finance, or participants in financial markets who trade securities, should be able to interact with the firms inside the DSS as normal while benefitting from the new technology,” the pair said in a statement.

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People Moves Monday: Weekly round up

The TRADE

Previously, he served as State Street’s global head of algorithmic trading, securities finance. Before joining State Street, Delikaris spent a decade at Goldman Sachs in a variety of roles including vice president, securities lending/credit-repo trading and associate, mortgage trader.

Trading 64
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SPAC Trend Gives Rise to Securities Enforcement and Litigation Risks

Cooley M&A

The combined company benefits from the target’s operations and the liquidity of the SPAC’s publicly traded securities. This combination is commonly referred to as the initial business combination or the de-SPAC transaction. If a deal does not materialize, the money held in trust is returned to SPAC shareholders.

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The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?

The TRADE

“If adopted, [Regulation Best Execution] would help ensure that brokers have policies and procedures in place to uphold one of their most important obligations: to seek best execution when trading securities, whether equities, fixed income, options, crypto security tokens, or other securities,” says Gary Gensler, chair of the SEC. “I believe a best (..)