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    • FEDERAL PREEMPTION—6th Cir.: Sixth Circuit rules Ohio, Tennessee may apply gambling laws to Kalshi sports-related trading
    • FIDUCIARY DUTIES—Del. Ch.: In-house lawyer’s claim for advancement barred by unclean hands
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    • FRAUD AND MANIPULATION—D. Del.: Plaintiffs’ failure to read defendant-provided documents deemed case dismissed
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    • FRAUD AND MANIPULATION—M.D. Fla.: CFTC charges Cash FX and affiliates with $950 million forex Ponzi pyramid scheme
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    • INVESTMENT ADVISERS—2d Cir.: Victims of fraud cannot accelerate pace of restitution payments
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    • PROXIES—Goldman Sachs receives SEC approval for proxy voting instruction program
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    • REGULATION TRACKER—Upcoming SEC and CFTC comment deadlines and effective dates
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    • SEC NEWS AND SPEECHES—Commission’s chief accountant calls on registrants to maintain rigor over private asset valuations
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    Securities Regulation Daily Wrap Up, INVESTMENT ADVISERS—2d Cir.: Victims of fraud cannot accelerate pace of restitution payments, (Sep 28, 2026)

    Law Firms Mentioned:Herrick, Feinstein LLP | Paul Batista, P.C. | Thompson Hine LLP
    Organizations Mentioned:Girobank, International, N.V. | Girobank, N.V. | IIG Global Trade Finance Fund Ltd. | IIG Structured Trade Finance Fund, Ltd.

    By Mark S. Nelson, J.D.

    The case turned on an interpretation of the Crime Victims’ Rights Act and other laws in addition to the terms of the district court’s restitution order.

    A Second Circuit panel has declined to alter the restitution payment schedule for Ma ...

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