Daily Archives: June 6, 2018, 8:51 am

SEC appoints a crypto quarterback in a key time for regulation

The U.S. Securities and Exchange Commission has picked a new leader for its emerging cryptocurrency division. Valerie Szczepanik, who already worked at the SEC, was promoted to a role that didn’t exist until this week: Associate Director of the Division of Corporation Finance and Senior Advisor for Digital Assets and Innovation. Szczepanik, who joined the agency in 1997, will “coordinate…

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Opinion: New SFO Director Appointment reflects Americanisation of UK Corporate Crime Enforcement and represents opportunity for further harmonisation – thebriberyact.com

Ms. Osofsky, a former US prosecutor, exemplifies the increasing Americanisation of corporate criminal law enforcement in the UK. From the entry into force of new laws, including the UK Bribery Act and a Deferred Prosecution Agreement regime, a tougher approach on enforcement and large penalties in recent years UK corporate criminal law has copied various elements of the US toolkit…

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FINRA Enforcement Units, Unite! | ThinkAdvisor

…But also on the minds of industry watchers is how the Financial Industry Regulatory Authority is moving along in integrating its two enforcement divisions — now aptly called “One Enforcement” by the broker-dealer self-regulator. Who’s the person to ask? Susan Schroeder, of course, who heads FINRA’s enforcement team. During a recent FINRA Unscripted podcast, she laid out where her team…

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Why Law Firms Should Never Accept Their Fees in Cryptocurrency | John Reed Stark

Law firms are increasingly accepting cryptocurrency as payment for services – this might seem innovative and forward thinking, but ironically, it is much more of a throwback. Given that the U.S. Internal Revenue Service does not yet classify cryptocurrencies as legal tender, cryptocurrency is instead “property.” This means that lawyers accepting cryptocurrency are more akin to famed lawyer (albeit fictional) Atticus…

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