Jul 31, 2023 DTCC Announces Wind Down of Global Markets Entity Identifier Business By Carolyn Jackson Neil Robson Nathaniel Lalone Christopher Collins Ciara McBrien +2 more... Show less On 27 July 2023, Depository Trust & Clearing Corporation (“DTCC”) announced its decision to exit the Global Markets Entity Identifier...
Jul 27, 2023 SEC Adopts Rules on Cybersecurity Risk Management, Strategy, Governance and Incident Disclosure by Public Companies By Trisha Sircar Richard Marshall Danette Edwards On July 26, 2023, the Securities and Exchange Commission (SEC) adopted rules requiring registrants to disclose material cybersecurity...
Jul 27, 2023 SEC Proposes Rules for IAs/BDs Regarding Digital Engagement Practices (Gamification) and Proposes Amendments Regarding 'Robo-Adviser' Registration By Adam Bolter On July 26, the Securities and Exchange Commission (SEC) voted 3-2 in favor of proposing new rules and amendments designed to address...
Jul 26, 2023 Recent DC Circuit Court of Appeals Case Brings FINRA to the Forefront of the SRO State Actor Controversy By Susan Light Peter Wilson Richard Marshall Carl Kennedy Dan Davis James Brady +3 more... Show less A recent DC Circuit Court of Appeals challenge to a FINRA enforcement action brings into question whether FINRA should be held...
Jul 26, 2023 New York Times Publishes Editorial on 'Fixing Sanctions' By Jacques Semmelman On July 23, the New York Times published a full-page editorial titled “Fixing Sanctions.” A major theme is that U.S. sanctions laws...
Jul 19, 2023 District Court Denies Nestle's Motion to Dismiss False Advertising Class Action Based on Alleged Child Labor in Cocoa Supply Chain By Chris Cole Late last week, the United States District Court for the Southern District of California denied a motion to dismiss a putative class...
Jul 18, 2023 Greater Obstacles for Section 11 Plaintiffs Given Recent US Supreme Court Ruling on 'Slack Technologies v. Pirani' By Danette Edwards Brandon Bucio On June 1, 2023, the US Supreme Court held in a unanimous decision in Slack Technologies LLC v. Pirani that Section 11 of the Securities...
Jul 18, 2023 Generative AI - What Now (for Legal Professionals)? By Matthew Dunne Recently, I had the privilege of moderating a panel on Generative AI through the University of Chicago’s Master of Applied Data Science...
Jul 18, 2023 Ripple Court to SEC: In the Words of Yogi Berra, "The Future Ain’t What It Used to Be" By Dan Davis As the great American philosopher and baseball legend Yogi Berra once said, "The future ain't what it used to be." Yogi was prescient (as...
Jul 17, 2023 SEC Sends Ominous Warning to CISOs and Cybersecurity Professionals With Wells Notice Concerning SolarWinds Breach By Trisha Sircar Danette Edwards On June 23, 2023, SolarWinds disclosed in its most recent Form 8-K filing that “certain current and former executive officers and...
Jul 17, 2023 Law Commission Publishes Recommendations for Digital Assets Reform By Neil Robson Carolyn Jackson Nathaniel Lalone Christopher Collins Ciara McBrien +2 more... Show less On 28 June 2023, the UK’s Law Commission (“Commission”) published its final report (“Report”) setting out its recommendations to UK...
Jul 14, 2023 CMS Initiative to Enhance Primary Care Services By Tracie Bedeaux On June 8, the Centers for Medicare & Medicaid Services (CMS) announced a new primary care model – the Making Care Primary (MCP) Model –...
Jul 13, 2023 OFAC Issues 'Hostages and Wrongful Detention Sanctions Regulations' By Jacques Semmelman On July 11, 2023, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) issued Hostages and Wrongful Detention Sanctions...
Jul 13, 2023 "Aspirational" claims: an alternative to greenhushing? By Chris Cole Major media and consultants are noting the increasing trend towards corporate “greenhushing,” that is, adopting a “radio-silence approach...
Jul 13, 2023 European Commission Adopts Rules on Securitisation Risk Retention By Christopher Collins Nathaniel Lalone Peter Englund On 7 July 2023, the European Commission (“EC”) approved the text of a delegated regulation supplementing the EU Securitisation Regulation...
Jul 12, 2023 HM Treasury Shakes Up the Future of Short Selling in the UK By Christopher Collins Neil Robson On 11 July 2023, HM Treasury issued two publications on the future of the UK’s short-selling regime. The first publication was the UK...