The New York Attorney General’s Office has sued Coinseed, Inc., a start-up virtual currency trading platform, and its CEO and its former CFO under New York State’s Martin Act in Manhattan State Supreme Court.

Sharon O’Shaughnessy, a member of the White Collar Defense Investigations & Compliance Counseling Practice, has been selected to the Leadership Council on Legal Diversity (LCLD) 2021 Fellows Program.

Financial services law firm Murphy & McGonigle today announced the launch of an improved version of its M&M Defend app, a smart phone application that guides individuals, businesses and in-house counsel with instantaneous information during legal crisis situations.

A new President and Congress brings new enforcement, regulatory and legislative priorities. Murphy & McGonigle’s team of experienced former federal prosecutors and regulatory enforcement attorneys will use their government and private sector experience to predict the new administration’s approach to financial crime enforcement and regulation in the Feb. 23 CLE program, "The New Administration: What Changes to White Collar Investigations and Prosecutions Should Businesses and Individuals Expect from the Biden Administration." Topics will include anti-bribery and corruption, anti-money laundering, securities and commodities fraud, healthcare fraud, the False Claims Act, and the fintech sector. CLE Credit is available.

To RSVP or for more information, click here.

This Update reports on recent developments concerning Executive Order 13959 addressing transactions in the securities of companies designated as Communist Chinese military companies ("CCMC").   Specifically, we discuss the issuance by the Office of Foreign Assets Control ("OFAC") of General License No. 1A and related Frequently Asked Questions ("FAQ"s).

President Biden recently appointed Gary Gensler as Chair  of  the  SEC,  and  we  expect  that  the  newly  Democratic-controlled Senate will confirm his appointment. 

We previously issued a Client Memorandum concerning the impact of certain U.S. Government actions that will affect the markets for securities of certain Chinese issuers.   In this Update, we focus on recent developments concerning Executive Order 13959 addressing transactions in the securities of companies designated as Communist Chinese military companies.