Weekly Roundup 10/13/22 (FASB accounting rules update, Warren's letter to Texas, Howey's orange groves) (EP.361)
On The Brink with Castle Island
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Crypto Trading Platforms
Dominic Gahran: This is from a long time ago where they did not have a full blown compliance program in place. They weren't screening their customers for where they were from, he says. The liability here was through the roof, and so if you read the complaint, I forget the exact number, but it's potential fines in the billions, which is basically a death penalty. He says we'll see more of this for sure.
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