Aug 15, 2024 Crypto Compliance in Focus: FINRA Unveils Key Insights on Member Firms’ Digital Asset Activities By Susan Light James Brady Alex Kim The Financial Industry Regulatory Authority (FINRA) released a comprehensive update on its insights into its member firms’ involvement in...
Aug 09, 2024 (mis)Conduct, Money & Reputation: A Look at Equifax, CrowdStrike & Cybersecurity By Katten Muchin Rosenman LLP Cybersecurity continues to dominate headlines, concern investors and have substantial and very real implications for asset and wealth...
Aug 01, 2024 ABA Weighs in on Generative AI Use in Legal Practice By Michael Justus Alex Kim The American Bar Association’s (ABA) Standing Committee on Ethics and Professional Responsibility issued Formal Opinion 512, attempting...
Jul 03, 2024 U.S. Supreme Court Overturns Chevron – Impact on Health Care and Life Sciences By Kenya Scott Woodruff Ramana Rameswaran Erica Youngerman On June 28, 2024, the U.S. Supreme Court (the “Court”) issued a decision in Loper Bright Enterprises v. Raimondo and Relentless, Inc. v....
Jul 01, 2024 A Timely Reminder from CME Market Regulation of the Broad Reach of the Duty to Supervise By Stephen Morris The CME has issued a revised Market Regulation Advisory Notice on Supervisory Responsibilities for Employees and Agents that includes a...
May 14, 2024 Proposed Regulations May Mitigate Certain US Tax Reporting Obligations for Some US Taxpayers By Zachary Arons It is quite common for high-net-worth individuals to have income streams from multiple countries. For example, an individual may have an...
Apr 23, 2024 Whistleblower Rewards Program Update: DOJ Explains and Expands Pilot Program for Voluntary Disclosures By Ryan Meyer Ryan Dean On April 15, the Department of Justice (DOJ) publicly released a memorandum fleshing out its previously announced corporate whistleblower...
Apr 15, 2024 Senate Budget Committee Calls for More IRS Criminal Referrals to the DOJ By Ryan Dean According to Law360, the Senate Budget Committee recently held a hearing regarding offshore tax evasion where senators made clear that,...
Mar 14, 2024 EU Leading the Way With Passing of the Artificial Intelligence Act By Sarah Simpson Larry Wong As if implementing rules to make USB-C ports mandatory for electronic devices was not enough, yesterday the European Union approved the...
Feb 26, 2024 Ensuring Everything Is Above Board: CFTC Proposes Simplified Rules for SEF and DCM Governance, Independence and Mitigating Conflicts of Interest By Nicholas Gervasi Carl Kennedy Seeking to ensure that designated contract markets (DCMs) and swap execution facilities (SEFs) adequately incorporate an independent...
Feb 12, 2024 Katten Fact Sheet for Certain Firms That Must Become FINRA Members By Susan Light As background, the SEC adopted amendments to Rule 15b9-1 of the Securities Exchange Act of 1934 (SEA Rule 15b9-1) that require a...
Jan 04, 2024 Neither a Borrower Nor a Lender Be! By Susan Light FINRA filed a rule amendment with the SEC on January 2 to propose amending FINRA Rule 3240, Borrowing From or Lending to Customers...
Nov 22, 2023 FINRA Acts to Update its Advertising Rule By Susan Light The Financial Industry Regulatory Authority filed a proposed rule change with the Securities and Exchange Commission on November 13,...
Nov 01, 2023 OIG Issues Favorable Advisory Opinion for Certain Physician Employee Bonuses By Erica Youngerman On October 13, 2023, the U.S. Department of Health and Human Services Office of Inspector General (“OIG”) posted Advisory Opinion No....
Sep 28, 2023 FinCEN Announces Extension to CTA Reporting Deadlines By Kevin Keen The U.S. Corporate Transparency Act (CTA) is the first comprehensive ultimate beneficial owner (UBO) and controlling persons reporting...
Sep 06, 2023 CMS Calls for Novel Federal Staffing Standards in Nursing Homes By Nikita Yogeshwarun The Centers for Medicare & Medicaid Services (CMS) issued a proposal on September 1 calling for the first national minimum staffing...