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GRIP Extra: Gensler and Lizárraga out at SEC, Hwang gets 18 years

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GRIP

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Other news includes Microsoft state cyberattack appeals, greenwashing claims against Canadian banks, Northvolt files for bankruptcy and Chinese firms expand California presence.

United States

Enforcement

Bill Hwang of Archegos sentenced to 18 years in prison for multibillion-dollar securities fraud, wire fraud, and market manipulation

UPS will pay $45m for improperly valuing its freight business.

SEC charges BIT Mining with FCPA violations for attempting to bribe Japanese officials to open casino.

Regulation

SEC Chair

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