Aug 16, 2024 SEC Scrutiny into Cash Sweep Programs: What Investment Advisers Need to Know By Michael Diver Susan Light Wayne Aaron Lindsey Smith David Luger David Goldberg +3 more... Show less In recent years, the US Securities and Exchange Commission (SEC) has initiated several probes into how advisory firms manage their cash...
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...
Jul 31, 2024 FinCEN Proposes Enhanced AML Rules By Susan Light Eli Krasnow On July 3, the Financial Crimes Enforcement Network (FinCEN) published a proposed rule (the Proposal) to strengthen and modernize...
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...
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 07, 2023 SEC Sues SolarWinds and its CISO for Fraud and Other Violations Related to Massive Data Breach By Danette Edwards On October 30, 2023, the US Securities and Exchange Commission (SEC or Commission) sued SolarWinds and its Chief Information Security...
Oct 10, 2023 Join Katten for Securing Success: Decoding SEC and Other Cybersecurity Requirements in an Intensifying Threat Environment on October 26 By Katten Events In today's digital world, public and private companies are facing a growing number of cybersecurity threats while simultaneously...
Oct 06, 2023 SEC’s Request for Interlocutory Appeal of Favorable Rulings for Ripple Labs’ Defendants Rejected Based on Well-Settled Law By Dan Davis Alex Kim On October 3, 2023, a federal court denied the Securities and Exchange Commission’s request to certify for appeal the same court’s...
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 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 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 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...