03/24/2022
Increased Crackdown on Citizenship and Residency by Investment Programs
A breakdown of three recent major developments.
Legal, Regulation & Compliance
03/24/2022
New SEC Climate Disclosure Rule a Major Step Forward
New rule a game-changer for reducing investor climate financial risk and costs
03/24/2022
Number of AML fines up, penalty totals down in 2021
The 55 fines issued in 2021 is the highest amount observed by Kroll since 2016, which is as far as its data dates back.
03/23/2022
Jonathan Gafni named as one of 2022’s Top Advisors by Foreign Investment Watch
Recognized as a leading global CFIUS lawyer for the third consecutive year
03/22/2022
5 instant reactions from KPMG on SEC proposed rules
ESG engagement has been driven by investor demand and CEOs seeking to gain an ESG advantage in the marketplace with talent and customers.
03/20/2022
US Enacts LIBOR Transition Law
The law directs the Board of Governors of the Federal Reserve to issue regulations to carry out its mandate within 180 days.
03/17/2022
US Enacts LIBOR Transition Law
The LIBOR Act also includes language that modifies benchmark spread adjustments applicable to consumer loans for a one-year period.
03/16/2022
Cyber Incident Reporting for Critical Infrastructure Act Signed Into US Law as Part of Omnibus Appropriations Legislation
The legislation also provides a suit dismissal provision associated with the new reporting requirements.
03/11/2022
SEC Proposes Amendments That Would Place New Cybersecurity Reporting and Disclosure Requirements on Public Companies
The comment period for this proposal is open to the public until the later of May 9, 2022, or 30 days after publication in the Federal Register.
03/11/2022
IG Wealth Management Announces Product Changes to Strengthen Performance and Deliver Enhanced Value to Clients
The proposed changes are expected take effect as of the close of business on or about May 20, 2022
03/10/2022
DOJ Accuses Former Trump Fundraiser of $6.8 Million Ponzi Scheme
North Carolina–based David W. Schamens was charged in federal court with wire fraud, securities fraud, and money laundering and could face decades in prison; the SEC also filed charges against him this week.
03/10/2022
Conyers advises IHS Markit
Directors Niel Jones and Edward Rance of Conyers Bermuda worked on the matter, supported by associates Karoline Tauschke and Jacari Brimmer-Landy.
03/09/2022
New York Chapter of Global M&A Association Appoints Advisory Board Leadership
"I am personally excited to have Bryan Cummings lead ACG New York as President,"
03/09/2022
Truist Financial announces CEO change
Rogers has served as CEO of Truist since September 2021, when he transitioned from the role of president and chief operating officer.
03/09/2022
CFP Board Suspends Ex-Fidelity FA Over Sexual Assault Charges
Anthony Fallahi’s registration with Fidelity ended in January.
03/08/2022
Citi plans 900 hires for commercial bank over next three years
The move comes at a time when the Wall Street institution has been cutting down its international footprint by exiting non-core markets.
03/08/2022
JPMorgan Fails In TRO Bid Against Wells Fargo Broker
The bank’s brokerage had sought the TRO and an injunction against Taulant Cela, a 15-year industry veteran who logged nine years at JPMorgan
03/04/2022
Harneys advises Citigroup Global Markets and J.P. Morgan Securities
The Harneys team was led by BVI Managing Partner Tanya Cassie-Parker
03/02/2022
SEC Reporting Changes: Accelerated Settlement Cycles
These changes are “designed to protect investors, reduce risk, and increase operational efficiency.
02/25/2022
US charges Infinity Q founder with billion-dollar valuation fraud
The indictment alleges that the Infinity Q founder mismarked the securities