‘Enforcement 40′ for 2017
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Thomson Reuters: 20% of finance firms considering cryptocurrency – Business Insider
A fifth of finance firms are considering getting into cryptocurrency trading within the next year, according to an industry poll by Thomson Reuters. A survey of over 400 Thomson Reuters clients found that one in five is considering getting into crypto, with the majority weighing a push into the market within the next six months. […]
FINRA Enforcement: New Direction for the Regulator – Lexology
The guidance Schroeder conveyed, if acted on, can potentially save firms and individuals a lot of stress, anxiety, money (especially in fines) and reputational damage. Does that mean there will be no more enforcement actions? Of course not. What it does mean is that the leaders of this enforcement program and of FINRA have staked […]
April 24 Webcast: The First 48 Hours — Progressive Incident Response Strategies Following a Cyber Incident
This webcast analyzes the first 48 hours following a cybersecurity incident, and lays out incident response strategies that facilitate critical decision making and enable victim companies to rapidly recover. April 24 Webcast: The First 48 Hours — Progressive Incident Response Strategies Following a Cyber Incident
Victims of Bernard Madoff’s Ponzi Scheme to Receive Millions More – The New York Times
Victims of Bernard L. Madoff, the architect of one of Wall Street’s largest frauds, will receive another $504 million, proceeds from assets that the government seized after Mr. Madoff’s financial firm collapsed a decade ago. With this distribution, the second in a series of payouts, about 21,000 victims will have received a total of more […]
$7 Billion Hasn’t Moved The Needle on Financial Crime: Gadfly – The Washington Post
The bigger picture is less encouraging. Despite a cascade of rules, regulations and record-breaking fines, that spending — an additional 5 billion pounds ($7 billion) a year in the U.K. alone — has barely moved the needle. Gauging success in this area may not be an exact science, but if catching dirty money is a […]
Forget ICOs; Security Token Offerings Are a $10 Trillion Opportunity
Security token offerings will replace initial coin offerings this year, but that’s just a sliver of their potential. One pioneer in this space estimates security token offerings (STOs) could grow to $10 trillion in just two years. It’s clear STOs will revolutionize investing as we know it and reinvigorate the cryptocurrency markets in the process. […]
April 26 Webcast: Securities Regulation of Digital Assets
Please join Alma Angotti, Gino Soave, Martine Beamon and Jai Massari for this free webcast.
Top Regulator Worries That Crypto Markets Could Be Full of Manipulation – Bloomberg
Warding off market cheaters in digital currencies is among the Securities and Exchange Commission’s major concerns as it monitors those assets, according to Brett Redfearn, head of the regulator’s Division of Trading and Markets. “We are concerned about a lot of the issues around manipulation, whether it’s spoofing, or any other forms of market manipulation […]
Do Privacy Issues Represent the Next Big D&O Liability Exposure? | The D&O Diary
For some time, observers (including me) have been discussing the extent to which the rising numbers of corporate data breaches would translate into to D&O litigation. There of course have been some data breach-related D&O lawsuits; indeed, plaintiffs’ lawyers have recently for the first time managed to secure some success with these kinds of suits […]
Labor Dept shelving enforcement of fiduciary rule after court decision
The 5th Circuit Court of Appeals ruled on March 15 that the Labor Department overstepped its authority by creating the so-called fiduciary rule, parts of which went into effect last year. In general, the rule requires advisors and brokers to put their clients’ interests before their own when advising on retirement accounts such as 401(k) […]