Sarah Heaton Concannon

First-chair trial lawyer /Securities & SEC Expert / @QuinnEmanuel Partner & Co-Chair SEC Enforcement / Hedge Funds / Crypto / BSA / China / Accounting & Audit

[Sarah Heaton Concannon @SHConcannon]

@strowhiro

[Sarah Heaton Concannon @SHConcannon]

@JWVerret @GaryGensler Witnessed the moment.

[Sarah Heaton Concannon @SHConcannon]

@legalytical Free access; ability to run one paid search and then search within for hours even within paid access; really outstanding Boolean search capabilities.

[Sarah Heaton Concannon @SHConcannon]

Many congratulations to my former colleague, Jaime Santos, who will be making her Supreme Court debut. Looking forward to seeing #appellatetwitter turn out in support. https://t.co/Ssrn59I6sl

[Sarah Heaton Concannon @SHConcannon]

Excellent arguments under major questions doctrine, fair notice, and failure to plead an investment contract in connection with secondary market transaction set forth in motion to dismiss the SEC's action against crypto platform Bittrex advanced by my Qui…https://t.co/OaQ4vYwhki

[Sarah Heaton Concannon @SHConcannon]

Important and timely motion by https://t.co/phLAwYTHNZ calling #SEC out on its misleading press releases: “The SEC’s press release is misleading, contains statements that the SEC knows to be unsupported by evidence, and is inconsi…https://t.co/Nvr3v1yH6q https://t.co/QGWUMgp8Vo

[Sarah Heaton Concannon @SHConcannon]

This is not the way this is supposed to work:

“We don’t need more digital currency… we already have digital currency, it’s called the U.S. dollar .... We have not seen, over the centuries, that economies and the public need more…https://t.co/arLiAAFM8A https://t.co/BPD6DvdUm4

[Sarah Heaton Concannon @SHConcannon]

I smell a FOIA request. And some appeals and EAJA actions. https://t.co/FDSOzXeEIp

[Sarah Heaton Concannon @SHConcannon]

But why, exactly? https://t.co/TQkysPn1tv

[Sarah Heaton Concannon @SHConcannon]

Anyone else growing weary of the SEC's "cop on the beat" refrain? It's inapposite for too many reasons to list here, and wholly ignores that the SEC's charge is not to protect the retail investor against all possible harm at any c…https://t.co/1sERuTDj69 https://t.co/Wc0XwN66aZ

[Sarah Heaton Concannon @SHConcannon]

Remember just 15 months ago when the Securities and Exchange Commission quietly sought to bring crypto within the ambit of Reg ATS through Rule 3b-16?

They're not being quiet about it any longer. The existential threat this pos…https://t.co/cxomLdZ9yC https://t.co/Y66i0mQkV8

[Sarah Heaton Concannon @SHConcannon]

These are interesting times in which we find ourselves. DOJ antitrust just - perhaps diplomatically and in flowery political speech, but unambiguously - shot down the SEC's sweeping market structure rule proposals. https://t.co/iat7stHDWX

[Sarah Heaton Concannon @SHConcannon]

The word "Kafkaesque" gets thrown around too often, but it is particularly apt here. https://t.co/RV5IL5gA7i

[Sarah Heaton Concannon @SHConcannon]

https://t.co/iltpzDBD0M

[Sarah Heaton Concannon @SHConcannon]

Chilling (from POLITICO):

SEC Chairman Gary Gensler on who he trusts in the #crypto industry: "What's your next question?" https://t.co/LJq57Has5K

[Sarah Heaton Concannon @SHConcannon]

Very saddened to hear of the passing of my former partner, Paul Nemser. Paul was an outstanding mentor, advocate, person, and dinner companion while traveling for depos on my 30th. He will be missed by us all. https://t.co/pFni0VEwhQ

[Sarah Heaton Concannon @SHConcannon]

Feel the need to say something about today's Activision Section 13a-15(a) $35M SEC settlement, but I'm knee deep in trial preparation, so I'll let Commissioner Peirce do it for me:

"The Commission’s Order contorts the securities…https://t.co/aGjsr4P2Pe https://t.co/81gpcMZfw7

[Sarah Heaton Concannon @SHConcannon]

Simona Mola and Cornerstone Research's cryptocurrency recaps are always a highly informative read. Not surprisingly, the Gensler SEC is executing on its plan to bring more enforcement investigations and litigations in this space.…https://t.co/C7yep0A1fv https://t.co/eReR2pRRmq

[Sarah Heaton Concannon @SHConcannon]

"In the offer or sale" wonks -- Important dissent by Commissioners Peirce and Uyeda:

"Section 17(a)(2) is not broad enough to include statements that have nothing to do with the selling process. Here, Bloomberg’s statements to its…https://t.co/0AsOOttsRy https://t.co/iSLxydHH2b

[Sarah Heaton Concannon @SHConcannon]

@Jaime_ASantos I was going more existential. So joys. Alternatively, dogs. Which are the same thing.