The accounting fraud case against Dewey & LeBoeuf management led by CEO Steven Davis has instances remarkably similar to government lawsuits against shuttered firms Enron and WorldCom, DealBook said.
The US Securities and Exchange Commission would be the latest financial regulator aside from the Commodity Futures Trading Commission, who had recently probed into the potential manipulation of exchange-traded funds and options pricing via benchmark currencies manipulation, according to two unidentified sources.
An aide of the Senate Homeland Security and Governmental Affairs Committee said that a report on Bitcoin's potential regulation will be released in late spring. Supporters and regulators of the virtual currency had said that the identity revelation of the Bitcoin founder has no contribution to the regulation efforts of authorities on the Bitcoin industry, Politico has said.
Non-profit groups the Electronic Privacy Information Centre and the Centre for Digital Democracy had insisted in a complaint filed with the US Federal Trade Commission that Facebook should come up with a measure to ensure the user data of WhatsApp will not be exploited for advertising purposes prior to its $19 billion merger.
