Elliott Z. Stein @NYCStein Twitter profile

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Elliott Z. Stein

3 years

I only post my Wordle score when I get the perfect middle finger formation. Wordle 245 5/6 ⬜⬜🟩⬜⬜ ⬜⬜🟩⬜⬜ ⬜⬜🟩⬜⬜ ⬜🟨🟩🟨⬜ 🟩🟩🟩🟩🟩

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Last Seen Profiles

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Elliott Z. Stein

@NYCStein

2 years

Lol at this sign in courthouse bathroom.

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Elliott Z. Stein

@NYCStein

9 months

I went into SEC v. Coinbase hearing thinking $COIN would, on this motion, win dismissal of SEC's primary claims (concerning trading) but maybe not staking and broker claims. I left thinking COIN would win full dismissal. Snippet below and full note here:

Elliott Z. Stein

@NYCStein

9 months

Greetings from federal court in Lower Manhattan! Today's episode: @coinbase motion to toss the @SECGov suit. Should be a great (4hr long!) argument, with top lawyering, a fascinating/unsettled legal q, & Judge Failla - sharp as a knife & a sense of humor drier than the Sahara.

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Elliott Z. Stein

@NYCStein

5 years

I'm not sure I've ever seen a judge *direct* a lawyer to remain on vacation.

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Elliott Z. Stein

@NYCStein

5 years

Looks like a pretty cool exhibit that @IBM is setting up in the WTC Oculus to commemorate #Apollo50 #MoonLanding50 .

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Elliott Z. Stein

@NYCStein

10 months

Great paragraph highlighted in yellow below in a letter by a 90-year old lawyer hoping the court decides his client's case before his "lifetime warranty" expires. For context, class certification written arguments ended in Nov. *2019* and that motion is still pending. 🤯

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Elliott Z. Stein

@NYCStein

11 months

As seen at Newark Airport. @JSeyff - what does this mean for spot Bitcoin ETF approval?

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Elliott Z. Stein

@NYCStein

9 months

@DeFiSurfer808 I put by end of 2Q as an outer limit, but this judge is extremely efficient so could be much sooner than that.

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Elliott Z. Stein

@NYCStein

9 months

Just an incredible ⁦ @BloombergTV ⁩ moment as ⁦ @RomaineBostick ⁩ and ⁦ @scarletfu ⁩ break news of the ⁦ @SECGov ⁩ approving a spot bitcoin etf right in the middle of ⁦ @DennisKelleher ⁩ arguing against it.

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Elliott Z. Stein

@NYCStein

3 years

ICYMI for those interested in $FNMA $FMCC sweep litigation, the 5th Circuit in Collins v. Yellen has tentatively scheduled en banc oral argument the week of Jan. 17. This is the case remanded from SCOTUS in June. Our note available on @TheTerminal here:

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Elliott Z. Stein

@NYCStein

6 years

Riveting en banc oral arguments in the 5th Circuit today in one of the many $FNMA $FMCC shareholder suits challenging the sweep of profits to @USTreasury . Look for my updates on @TheTerminal .

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Elliott Z. Stein

@NYCStein

5 years

Up and at them bright and early at the Court of Federal Claims for oral arguments in $fnma $fmcc shareholder lawsuits challenging the net worth sweep of profits to the @USTreasury .

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Elliott Z. Stein

@NYCStein

5 years

Well, the 5th Circuit's $FNMA $FMCC opinion today was as riveting as oral arguments were. Here's the link: If you've never read a @JusticeWillett opinion before, they're always a treat no matter which side you're on.

Elliott Z. Stein

@NYCStein

6 years

Riveting en banc oral arguments in the 5th Circuit today in one of the many $FNMA $FMCC shareholder suits challenging the sweep of profits to @USTreasury . Look for my updates on @TheTerminal .

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Elliott Z. Stein

@NYCStein

2 years

I don't think I've ever seen a district court judge talk about a SCOTUS ruling in this way. At least not in a written opinion. (This is from the trial court judge in Bhatti v. FHFA, discussing SCOTUS's ruling in Collins). $FNMA $FMCC

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Elliott Z. Stein

@NYCStein

6 years

Good morning from the Third Circuit Court of Appeals in Philadelphia! Here for one of the many $FNMA $FMCC shareholder suits against @FHFA and @USTreasury . Excited to see a 2-time #SCOTUS almost-nominee (Judge Hardiman) on the panel.

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Elliott Z. Stein

@NYCStein

4 years

Since he’s in the news tonight, here’s a pic I took of Judge Gleeson in 2015 at a NY Council of Defense Lawyers luncheon honoring Gerald Shargel. If I recall correctly, Gleeson roasted Shargel with a hilarious parody sung to the tune of Leonard Cohen’s “Suzanne.”

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Elliott Z. Stein

@NYCStein

5 years

Looking forward to listening to this $FNMA $FMCC litigation update from one of the shareholders’ lawyers.

Investors Unite

@_InvestorsUnite

5 years

Join us at 10:15am ET on Friday for a teleconference with @timpagliara and David Thompson: Investors Unite Legal Update for GSE Shareholders

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Elliott Z. Stein

@NYCStein

2 years

View from the courthouse cafeteria as I watch Fannie and Freddie shareholders' profit sweep trial against @FHFA , @FreddieMac , and @FannieMae . If you're a subscriber of @TheTerminal , you can read my latest take here:

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Elliott Z. Stein

@NYCStein

7 years

Non-bank-litigation news: @adamlambert just promoted a rock opera that my brother @JoelHenryStein co-wrote! Check it out if you're in NYC!

ADAM LAMBERT

@adamlambert

7 years

Happy Opening to @KreegerDoug and @DemiseRockOpera at @NYMF ! Sad to miss it! . #thedemiserockopera #demiserockopera

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Elliott Z. Stein

@NYCStein

9 months

Greetings from federal court in Lower Manhattan! Today's episode: @coinbase motion to toss the @SECGov suit. Should be a great (4hr long!) argument, with top lawyering, a fascinating/unsettled legal q, & Judge Failla - sharp as a knife & a sense of humor drier than the Sahara.

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Elliott Z. Stein

@NYCStein

1 year

As @JSeyff and I say in this article, the mandate the DC Cir issues tmrw in the @Grayscale v. @SECGov GBTC case is just a procedural formality. It effectuates the Aug. 29 opinion but won't change it substantively. The mandate just ends the DC Circuit's jurisdiction over the case.

Bloomberg

@business

1 year

Those closely following the quest for an ETF that would hold Bitcoin have Friday circled on their calendars

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Elliott Z. Stein

@NYCStein

5 years

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Elliott Z. Stein

@NYCStein

1 year

For those following @Grayscale v. @SECGov and wondering what the mandate will look like that's expected today, here you go. This was from a case challenging CLO risk retention rules, but the mandate today should look basically the same except for names and dates obviously.

Elliott Z. Stein

@NYCStein

1 year

As @JSeyff and I say in this article, the mandate the DC Cir issues tmrw in the @Grayscale v. @SECGov GBTC case is just a procedural formality. It effectuates the Aug. 29 opinion but won't change it substantively. The mandate just ends the DC Circuit's jurisdiction over the case.

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Elliott Z. Stein

@NYCStein

3 years

Feeling pretty good about what I said about Collins v. Yellen (the $FNMA $FMCC sweep case) after SCOTUS oral argument in December.

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Elliott Z. Stein

@NYCStein

9 months

@MaxJSteinberg I'd put it this way: the standard to survive this motion favors the SEC since the court has to accept the pleadings as true and draw inferences in SEC's favor. Coinbase took that standard head-on, and had compelling arguments for why the complaint falls short as a matter of law.

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Elliott Z. Stein

@NYCStein

6 years

Great opening lines from concurring opinion in today’s 8th Circuit decision affirming dismissal of one of the many percolating shareholder lawsuits challenging @FHFA ’s “Net Worth Sweep” of $FNMA $FMCC profits to @USTreasury .

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Elliott Z. Stein

@NYCStein

9 months

HUGE shout-out to my colleagues @JSeyff & @EricBalchunas for absolutely crushing the spot #Bitcoin coverage, correctly predicting for months this outcome, down to the friggin day! And major props to @CraigSalm & Don Verrilli for executing the legal strategy that led to approval.

James Seyffart

@JSeyff

9 months

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Elliott Z. Stein

@NYCStein

1 year

In addition, I wonder if the SEC wants to avoid a trial where facts could come out that maybe jeopardize the SEC’s win on institutional sales.

_gabrielShapir0

@lex_node

1 year

below is likely the correct read of the Ripple dismissal--instead of the bull signal it might appear, it's really the SEC wanting to appeal the "programmatic sales" and 'service grants' holdings immediately nice job by @kkirkbos reading between the lines here

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Elliott Z. Stein

@NYCStein

5 years

Question for #AppellateTwitter ( @RMFifthCircuit @smmarotta ): The timing of y'day's @USTreasury report and today's 5th Cir opinion seems too coincidental. Is there some sort of back-channel conversation between govt agencies and the court to discuss timing in cases of such import?

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Elliott Z. Stein

@NYCStein

1 year

No DC Circuit opinions today.

James Seyffart

@JSeyff

1 year

Everyone wondering if the $GBTC decision will come today (me included obviously), Matt did some great work here. There's still 25 cases that haven't been decided yet. $GBTC case was argued in March. h/t @NYCStein

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Elliott Z. Stein

@NYCStein

10 months

@fedjudges Here's the full first page of the letter, which includes the lawyer's name.

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Elliott Z. Stein

@NYCStein

1 year

That feeling when you're in court for an @SECGov v. @coinbase hearing, sitting 2 rows behind the phalanx of SEC lawyers, and the @SECGov v. @Ripple decision drops...

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Elliott Z. Stein

@NYCStein

6 years

My update on yesterday's 5th Circuit en banc $FNMA $FMCC argument is available on @TheTerminal here:

Elliott Z. Stein

@NYCStein

6 years

Riveting en banc oral arguments in the 5th Circuit today in one of the many $FNMA $FMCC shareholder suits challenging the sweep of profits to @USTreasury . Look for my updates on @TheTerminal .

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Elliott Z. Stein

@NYCStein

1 year

Lots of ways to slice DC Circuit opinion data, but this from @mattschett is a good one. cc everyone waiting for the @Grayscale v. @SECGov decision on $GBTC.

Matt Schettenhelm

@mattschett

1 year

With the D.C. Circuit finishing its term, I count 25 cases that are still undecided (plus 2 cases from the term before). The court has decided 87% (168/193) of this term's cases, and usually gets over 92% by Sept. The numbers by month of argument:

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Elliott Z. Stein

@NYCStein

1 year

If SCOTUS justices don’t start delivering their opinions from the bench in this format, what are we even doing here?

16 years of song a day

@songadaymann

1 year

Gary Gensler just keeps losing. bid on the NFT of this song:

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Elliott Z. Stein

@NYCStein

2 years

And let me just add that I think the jury forewoman has exquisite penmanship!

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Elliott Z. Stein

@NYCStein

2 years

Had a great time talking to @laurashin about the @Grayscale v. @SECGov argument. Can finally say I'm a long-time listener and now first-time caller!

Laura Shin

@laurashin

2 years

Why reject #bitcoin spot ETFs when $BTC futures ETFs get the 🟢 light? That’s the question at the heart of Grayscale v. SEC. @Bloomberg Sr. Litigation Analyst @NYCStein watched a court hearing this week and shared who he thinks will

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Elliott Z. Stein

@NYCStein

6 years

Oral arguments are often illuminating. After March oral arguments, it seemed to me a 5th Circuit panel would uphold the GSE net worth sweep but find the @FHFA unconstitutionally structured, as the court held y'day. What I wrote in May below. Opinion here:

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Elliott Z. Stein

@NYCStein

1 year

This happens to be my favorite Dylan line in his entire catalogue. The imagery in the first line is just so striking. And the last line is a great way to live in general.

Bob Dylan Page

@Bob41Dylan

1 year

"Yes, to dance beneath the diamond sky With one hand waving free Silhouetted by the sea Circled by the circus sands With all memory and fate Driven deep beneath the waves Let me forget about today until tomorrow."

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Elliott Z. Stein

@NYCStein

1 year

@JSeyff @SGJohnsson @nathandeanDC No @Grayscale v. @SECGov opinion today folks. Next possibility: Tuesday, same bat time-ish.

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Elliott Z. Stein

@NYCStein

5 years

Fascinating. Unlike the @CFPB , which last week changed its position to argue that the 1-director for-cause removal restriction is unconstitutional, the @FHFA is sticking with its (most recent) view that it's fine, despite losing that fight in the 5th Circuit.

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Elliott Z. Stein

@NYCStein

5 years

Good morning from the U.S. Supreme Court! Today's episode: Is the @CFPB ’s structure (one director who can only be fired for-cause) unconstitutional? @TheTerminal subscribers can access our #BloombergIntelligence pre-argument analysis of the case here:

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Elliott Z. Stein

@NYCStein

7 years

A great one gone. Gus Newman, brilliant lawyer, true mensch. Was lucky to work closely w/ him early in my law career

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Elliott Z. Stein

@NYCStein

6 years

Statue of Liberty, 12/29/18

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Elliott Z. Stein

@NYCStein

5 years

@reporterev Interesting - no mention of 5th Circuit ruling in Collins re the FHFA, which so far is the only circuit court decision supporting what is now the CFPB's position. Also, I remain somewhat perplexed that J. Kavanaugh probably doesn't have to recuse, despite his role in PHH v. CFPB.

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Elliott Z. Stein

@NYCStein

6 years

I assume it's a typo but the lawsuit against Ripple alleging the sale of unregistered securities is seeking "the remedy of recession." A recession would be a pretty drastic remedy.

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Elliott Z. Stein

@NYCStein

9 months

You can read my @BBGIntelligence preview research note on @TheTerminal here (subscription required): . The TL;DR is in the image below.

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Elliott Z. Stein

@NYCStein

8 months

I could not be prouder of my daughter on her bat mitzvah yesterday, and of my friends and family for not dropping me as I bodysurfed during the hora.

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Elliott Z. Stein

@NYCStein

2 years

Inter-generational family walk in the Delaware Water Gap. I probably could’ve hiked my socks a little higher.

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Elliott Z. Stein

@NYCStein

1 year

FWIW, one of the opinions the DC Circuit issued today was argued the same day (March 7) as @Grayscale v. @SECGov over bid to convert $GBTC to an ETF.

Elliott Z. Stein

@NYCStein

2 years

Pro Tip for those waiting for the court ruling in @Grayscale v. @SECGov over bid to convert $GBTC to an ETF: The DC Circuit issues opinions on Tuesdays and Fridays at 11am. So in a few weeks, we can all plan to refresh this page feverishly at those times.

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Elliott Z. Stein

@NYCStein

3 years

Pic I took of Bob Dylan at the reopening of the @capitoltheatre , Sept. 4, 2012. Happy 80th bday, @bobdylan !

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Elliott Z. Stein

@NYCStein

1 year

Any day a colleague gets "adulting" into a headline is sure to be a great day. Kudos, @mikemcglone11 and @JSeyff !!!

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Elliott Z. Stein

@NYCStein

6 years

Oh hi @RealTracyMorgan

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Elliott Z. Stein

@NYCStein

1 year

I seem to be in the minority, perhaps even alone, in thinking that SCOTUS will still rule against the CFPB on the funding issue. Check out my headline in red versus other headlines in green (sorry for the sloppy highlighting).

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Elliott Z. Stein

@NYCStein

5 years

On the constitutionality of the for-cause provision, we flagged what a ruling like today's would mean for similar cases involving @CFPBDirector and the possibility of @realDonaldTrump firing Jerome Powell.

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Elliott Z. Stein

@NYCStein

1 year

Nothing to see here. Just me and ⁦ @nathandeanDC ⁩ twinning with our ⁦ @BBGIntelligence ⁩ vests before separate tv hits.

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Elliott Z. Stein

@NYCStein

1 year

@dabner @EricBalchunas @JSeyff @JSeyff and I were talking yday about how if the @SECGov really wants to be vindictive, they could approve the other applications, and drag out the process with @Grayscale .

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Elliott Z. Stein

@NYCStein

5 years

Paying my respects

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Elliott Z. Stein

@NYCStein

5 years

Six years ago today, I saw Dave Grohl in a parking lot outside LA, and he couldn’t have been kinder, resulting in this picture together.

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Elliott Z. Stein

@NYCStein

1 year

I've seen a lot of commentary about Kavanaugh's comments that Congress could change the funding tomorrow and that Seila fixed the "independence" issue, but he also agreed with Francisco's point that Dodd-Frank "flipped the baseline" for appropriations determinations.

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Elliott Z. Stein

@NYCStein

2 years

Life is funny. My dad is almost 84. I’ve known him my whole life and more than half of his. But it was only this weekend during a getaway to the Poconos that I learned he’s a friggin POOL SHARK! Here he is shooting left-handed just to show off.

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Elliott Z. Stein

@NYCStein

9 months

Got our dog 4 years ago today and not gonna lie I’m pretty impressed with her passion for watching baseball, learning to tell time, playing trivial pursuit, and reading.

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Elliott Z. Stein

@NYCStein

9 months

@SGJohnsson Thanks Scott. Appreciate that. I truly don't care who wins or loses. Simply love watching really good lawyers and judges wrestle with really interesting legal issues.

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Elliott Z. Stein

@NYCStein

2 years

The potential hung jury in the @FannieMae @FreddieMac shareholder trial is consistent with our view that the shareholders were unlikely to win, and GSEs were unlikely to pay the billions sought. Below is what we wrote on 10/31. (Many thx @bykatiebuehler for excellent coverage!).

Katie Buehler

@bykatiebuehler

2 years

The DC jury in @FannieMae & @FreddieMac shareholders’ suit against the @FHFA has submitted a note to the court saying it might not be able to agree on a verdict. The note states the 8-person jury is split 50/50 with very strong feelings on both sides.

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Elliott Z. Stein

@NYCStein

1 year

Big ruling from Massachusetts' Supreme Court (see article below or opinion here ). Consistent with our expectation (see image below). Next up, SCOTUS?

Allie Reed

@alliereed

1 year

Breaking: Robinhood Markets Inc. failed in its attempt to block a Massachusetts fiduciary rule that thrust duties of care and loyalty on broker-dealers, the Supreme Judicial Court said Friday.

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Elliott Z. Stein

@NYCStein

1 year

The @Grayscale v. @SECGov decision on $GBTC wait continues...see you Friday!

Elliott Z. Stein

@NYCStein

1 year

@JSeyff @SGJohnsson @nathandeanDC No @Grayscale v. @SECGov opinion today folks. Next possibility: Tuesday, same bat time-ish.

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Elliott Z. Stein

@NYCStein

4 years

The Bloomberg open floor plan has prepared me well for my current WFH + remote school cacophony: One daughter playing trumpet in 4th grade band class + one daughter playing clarinet in 6th grade band class + me listening on speaker phone to JPML hearing. 🤪

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Elliott Z. Stein

@NYCStein

2 years

By far the best thing I've read on the Credit Suisse AT1 situation - - and I'm not just saying that because it appears my mom paid the author to say this 👇

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Elliott Z. Stein

@NYCStein

6 years

This headline really speaks to me. (h/t @nathandeanDC )

Hey Elliott, Guinness Is Good for You

The activist shareholder has landed on Pernod for a foray into the drinks industry. While there’s some merit to the choice, Diageo offers more value.

www.bloomberg.com

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Elliott Z. Stein

@NYCStein

1 year

Definitely a close call and I suppose reasonable minds can differ on which way the Court goes on this. I'm just not convinced that Kavanaugh, Barrett or Thomas will rule for the CFPB based on the questions they asked. More of what I wrote here:

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Elliott Z. Stein

@NYCStein

3 years

Oh so close.

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Elliott Z. Stein

@NYCStein

2 years

Pro Tip for those waiting for the court ruling in @Grayscale v. @SECGov over bid to convert $GBTC to an ETF: The DC Circuit issues opinions on Tuesdays and Fridays at 11am. So in a few weeks, we can all plan to refresh this page feverishly at those times.

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Elliott Z. Stein

@NYCStein

9 months

Update: 👇

Elliott Z. Stein

@NYCStein

9 months

Just an incredible ⁦ @BloombergTV ⁩ moment as ⁦ @RomaineBostick ⁩ and ⁦ @scarletfu ⁩ break news of the ⁦ @SECGov ⁩ approving a spot bitcoin etf right in the middle of ⁦ @DennisKelleher ⁩ arguing against it.

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Elliott Z. Stein

@NYCStein

2 years

Let’s get lit!

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Elliott Z. Stein

@NYCStein

2 years

The @CFPB is wasting no time asking SCOTUS for review of the 5th Circuit panel ruling that held its funding structure unconstitutional. Skipped en banc petition, which makes sense. Filed cert petition less than a month after the panel ruling.

Elliott Z. Stein

@NYCStein

2 years

Taking a victory lap on this tweet of mine from May 9 in light of today's 5th Circuit decision holding the CFPB funding structure unconstitutional. And just two days ago we wrote about several court rulings, including this CFPB one, we expect will limit Biden's #finreg agenda.

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Elliott Z. Stein

@NYCStein

1 year

Also worth re-reading this fn (h/t @reporterev ) from Kavanaugh's dissent in the PHH en banc decision when he was on the DC Circuit. Seems that the funding issue troubled him when layered on top of the removal restriction, but doesn't quite reveal how he'll rule on it post-Seila.

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Elliott Z. Stein

@NYCStein

1 year

Taking a victory lap for this headline I wrote 2 weeks ago...

Businessweek

@BW

1 year

JPMorgan reaches settlements with former executive Jes Staley and the US Virgin Islands over ties to Jeffrey Epstein

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Elliott Z. Stein

@NYCStein

1 year

I like to say that life is a game of inches. This essay captures that idea and then some. A really wonderful read 👇

Yair Rosenberg

@Yair_Rosenberg

1 year

I wrote a pretty personal piece about a moment that changed my life, and which is also the reason you're reading this (or anything else by me) today. I hope you'll give it a few minutes of your time:

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Elliott Z. Stein

@NYCStein

2 years

@JSeyff @N1ckl5 @Grayscale I agree with @JSeyff . I don't see how SEC reverses futures-based approvals they've already ordered.

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Elliott Z. Stein

@NYCStein

6 months

JFYI did not feel the earthquake in Florida.

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Elliott Z. Stein

@NYCStein

6 years

A question I'm often asked by European clients is: "What does the U.S. government do with all the bank fines it collects?" I suspect this article will trigger that question even more.

Trump wants to use a big banking settlement to help build his border wall

The White House is targeting a windfall from an international banking scandal to help pay for the border wall, according to an administration official.

www.cnbc.com

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Elliott Z. Stein

@NYCStein

1 year

Defendants have until Aug 16 to respond. Reminder that both Judge Torres and then the 2nd Circuit have to allow an interlocutory appeal before it can actually happen.

Eleanor Terrett

@EleanorTerrett

1 year

🚨BREAKING: The @SECGov has filed a letter of intent to request an interlocutory appeal to Judge Torres’s July 13th summary judgment in the @SECGov vs. @Ripple case. Full letter below and story developing. 👇🏼

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Elliott Z. Stein

@NYCStein

6 months

My updated note is available on @TheTerminal now: TL;DR = I still think Coinbase wins, especially on the secondary market issue, which I think will go to the Supreme Court and end with a narrowing of the Howey test.

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Elliott Z. Stein

@NYCStein

2 years

While I was listening to the 3.5 hour (!!) SCOTUS argument on @POTUS ’s student loan forgiveness plan, my kids did me a solid and shoveled the driveway and cleaned off the car. W00t w00t!!!

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Elliott Z. Stein

@NYCStein

1 year

Love visiting DC for work, especially on a stunningly gorgeous day like today and having unexpected downtime in the early evening to run from site to site. Definitely took this city for granted living next door in Northern Va. from 5th-12th grade.

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Elliott Z. Stein

@NYCStein

6 years

I feel like adding “Verbal” before “Attack” might’ve been a good idea here.

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Elliott Z. Stein

@NYCStein

1 year

In the wake of the SEC v. Ripple ruling, I'm feeling good about this headline I wrote back in early June.

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Elliott Z. Stein

@NYCStein

2 years

True story: I met Leslie Nielsen the day I graduated from high school (that’s me on the right) and he could not have been a nicer guy. Happy birthday in heaven good sir.

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Elliott Z. Stein

@NYCStein

11 months

Hello Bloomberg holiday tree!

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Elliott Z. Stein

@NYCStein

2 years

Super compelling discussion of the future of crypto policy in the US with @nathandeanDC , @HesterPeirce and @giancarloMKTS at today’s #BloombergIntelligence thematic investing conference.

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Elliott Z. Stein

@NYCStein

9 years

ICYMI, $FNMA $FMCC investor appeal bolstered by discovery, via @Bloomberg Intelligence. http://t.co/R4Z0bjmYqB

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Elliott Z. Stein

@NYCStein

8 months

I hate listening to myself but thoroughly enjoyed chatting with @JacobRobinsonJD on his podcast about the SEC v Coinbase case and some other things both professional and personal. Thank you, Jacob!

Jacob Robinson

@JacobRobinsonJD

8 months

Why does @NYCStein give Coinbase a 70% chance to win dismissal? What happened at the hearing to give him this confidence? Full episode includes everything you should know from the Coinbase hearing last week👇

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Elliott Z. Stein

@NYCStein

3 years

Good court win for Robinhood and others, winning dismissal of antitrust claims related to meme-stock trading limits in Jan. We said as early as Feb. 2 (see pics) that these suits were weak. And we reiterated our view on the antitrust claims in Aug., even after plaintiffs amended.

Bloomberg

@business

3 years

Citadel and Robinhood won dismissal of a proposed class action by retail investors who accused the firms of colluding during January’s meme-stock frenzy

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Elliott Z. Stein

@NYCStein

6 years

Funny moment in today's hearing in Ambac v. Countrywide, et al., as Justice Bransten pronounced the law firm of Williams & Connolly as "Williams & Canoli." She sounded totally sincere, but there's no way she doesn't know the proper pronunciation, right?

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Elliott Z. Stein

@NYCStein

8 months

I've said it before and I'll say it again, I love that SEC Commissioner Peirce actively tries to meet with folks wherever she goes. More (all?) public servants should do this.

Hester Peirce

@HesterPeirce

8 months

I plan to be in Denver on 2/29 and 3/1. If you want to meet with me, please email CommissionerPeirce @sec .gov with Denver in the subject line and a brief description of what you'd like to talk about.

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Elliott Z. Stein

@NYCStein

9 months

@TroyMurs @DeFiSurfer808 Well she left the bench without a ruling. ; ) My timeline of by end of 2Q allows for a 1Q ruling, which is possible.

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Elliott Z. Stein

@NYCStein

6 years

On this 80th anniversary of #kristallnacht , I’m thinking of my Mom’s parents, who lived in Germany at the time. Decades later they wrote down their memories of what they experienced. Here’s a translation of some of what my grandfather wrote.

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Elliott Z. Stein

@NYCStein

3 years

Celebrated my 8-year Grohlaversary yesterday (when I saw him in a parking lot in LA and he obliged me with this selfie; he couldn’t have been nicer).

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Elliott Z. Stein

@NYCStein

6 years

Pro-tip: Follow my colleague @mattschett if you're not already doing so. As far as I know, he was the first to tweet out this little nugget yesterday that was an additional clue that SCOTUS pick was Kavanaugh.

Matt Schettenhelm

@mattschett

6 years

Might D.C. Circuit's release of this decision today -- as opposed to usual practice of Tues/Fri -- have to do with a certain judge on the panel, and fact that it may need be to re-argued if he's not voting after today? #SCOTUS

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Elliott Z. Stein

@NYCStein

1 year

Below is the intro paragraph. Full note available on @TheTerminal of course.

Larry Tabb

@ltabb

1 year

@NYCStein wrote a great piece today on @TheTerminal looking at the SEC @VirtuFinancial financial impact. Said it was pretty limited, given statute of limitations, no proof data was actually accessed, adequate policies/proc, and self reporting/fixing of problem - prob <$25m

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