Morrison & Foerster Discusses DOJ, CFTC Insider Trading Cases Based on Internet Search Trend Event Contracts

On May 27, 2026, the U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) filed parallel criminal and civil insider trading actions in the U.S. District Court for the Southern District of New York against Michele Spagnuolo, …

Shadow SEC Statement No. 8: Comment on SEC Proposal to Allow Companies to File Semiannual Reports on New Form 10-S in Lieu of Quarterly Form 10-Q Filings

In a statement published last September, here, we argued that the SEC should maintain its current system of mandatory quarterly reporting and not adopt President Trump’s recommendation that the United States shift to a system based on six-month filings.  …