09/12/2021
SEC sues Rivetz over Cayman-based US$18 million token sale
The token sale between July and September 2017 raised the equivalent of US$18 million from investors
Legal, Regulation & Compliance
09/10/2021
The Proposed Overregulation of Family Offices
Is it just a game of political “Whack-A-Mole”?
09/10/2021
Wells Fargo Issues Statement on OCC Enforcement Action, Expiration of CFPB Consent Order
Developments represent both progress and work left to do on complex, longstanding issues
09/09/2021
SEC & CFTC Enforcement Update
Three of the CFTC’s four actions concerned commodity pool fraud.
09/08/2021
Marketing, Advertising Top 2021 Concern for Firms’ Compliance Officers
Most firms report effective business continuity plans related to COVID-19
09/08/2021
Getting Ready for Expanded Rollover Disclosure Requirements
Answers to questions regarding rollovers.
09/07/2021
Accidental Americans fundraise for latest US legal action
In a bid to force American embassies to resume processing citizenship renunciation requests
09/03/2021
UK prioritises US data transfers agreement
The government’s plans in relation to bolstering international data transfers also include the formation of a new International Data Transfers Expert Council.
09/02/2021
DLA Piper advises Citigroup Global Markets and Cowen and Company
DLA Piper's global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked secu
09/02/2021
Federal Agencies Set Out Guidance for Fintech Partnerships
FDIC, Fed and OCC published updated guidance on fintech work for community banks
09/02/2021
France fines U.S. bank JP Morgan $29.6 mln in tax fraud settlement
Prosecutors said BitConnect ran a "textbook Ponzi scheme" by paying earlier investors with new investor money.
09/01/2021
Regulators warn Wells Fargo of new possible sanctions
The bank has sought more time to resolve the issues raised by the consent orders, according to Bloomberg.
09/01/2021
Morgan Stanley raises pay for institutional securities analysts
Those workers’ base pay increased to at least $100,000, from around $85,000, starting this month.
08/31/2021
Morgan Stanley Utah Broker Agrees to Stop Contacting Ex-Clients at J.P. Morgan Private Bank
The previously unreported injunction was finalized May 27 and marks at least the second time J.P. Morgan has taken a former banker or team to court amid over a dozen departures in the past year.
08/31/2021
SEC Charges Eight Firms for Cybersecurity Shortfalls
According to the commission, the firms' faulty cyber policies and procedures didn't protect private client information after third parties fraudulently took over company email accounts.
08/31/2021
2021 Mid-Year Securities Litigation Update
According to Cornerstone Research, both the number of new filings and the average approved settlement amount in securities class actions decreased relative to the same period last year and historically.
08/31/2021
SEC to Monitor Illicit Activity on DeFi Platforms
Agency Contracts With Blockchain Firm AnChain.AI; Experts Weigh In
08/31/2021
Madoff Victims Get Second Crack at Citigroup’s $343 Million
Picard claimed Citi failed to act on red flags concerning Madoff, but a bankruptcy court dismissed the suit, finding the trustee had not shown the bank acted with “willful blindness” to possible fraud.
08/31/2021
Power & renewables M&A soars on back of green policies
The power and renewables industry is positioned for a sustained period of strong deal activity as the US focuses on hitting net zero carbon emissions by 2050
08/30/2021
SEC Fines Florida RIA $1.6M
The settlement order against J.W. Cole Advisors is another in a line of actions brought against firms that failed to disclose the conflicts during the commission’s Share Class Selection Disclosure Initiative.