Members of Murphy & McGonigle’s Commodities, Futures & Derivatives Practice will have prominent speaking roles at the upcoming FIA Law & Compliance Division virtual conference.

This article addresses the question of how the Supreme Court’s recent decision in Liu v. SEC may affect the ability of the Securities and Exchange Commission to obtain disgorgement in enforcement actions alleging violations of Rule 105 of Regulation M.

The economic shutdown precipitated by COVID-19 is dealing a severe blow to the commercial real estate market.

In response to a request from the Securities Industry and Financial Markets Association (“SIFMA”), on August 25, 2020, the Securities and Exchange Commission (“SEC”) granted conditional and temporary exemptions from the “locate” and “close-out” requirements of Rule 203(b)(2)(ii) and Rule 204(a) and (b), respectively, of Regulation SHO.   SIFMA’s request relates to intermittent suspensions of physical delivery securities processing services at the Depository Trust Company (“DTC”) that are resulting from the effects of COVID-19.  SIFMA stated that, as a result of such processing interruptions, there are likely to be delays in settlement of sales of equity securities that the seller was “deemed to own” and for which settlement is dependent on the delivery of physical certificates (referred to as “owned physical securities”). 

In its 10th anniversary year, Murphy & McGonigle has earned a ‘Lawyer of the Year’ honor in one of its key practices – Securities Regulation, along with nine individual honorees and two lawyers on the ‘Ones to Watch’ list in the Best Lawyers in America 2021 Edition, announced today.

The economic impact precipitated by COVID-19 is dealing a severe blow to the commercial real estate market. Will the COVID-19 fallout result in a wave of CMBS litigation?