Murphy & McGonigle, the financial services and regulatory law firm, announced today that Thomas A. Ferrigno, a former Chief Counsel in the Securities and Exchange Commission’s Division of Enforcement, has joined the firm as a Shareholder.

Joseph Facciponti and Steven Feldman from Murphy & McGonigle’s Cybersecurity, Cybercrime & Incident Response Practice will be featured speakers at a July 17 event featuring technology and legal experts, “How Can Companies Integrate Cybersecurity in Their Business Operations?”

Matthew Comstock of our FinTech & Blockchain Practice and a former Branch Chief of the SEC’s Division of Trading and Markets, provides an analysis of the Joint Statement issued this week by FINRA and the SEC regarding broker-dealer custody of digital asset securities in a blog post from our Blockchain Law Center. 

Shareholder Stephen Crimmins testified on Wednesday, June 19th before the U.S. House of Representatives Financial Services Committee. The session focused on draft bills impacting the Securities and Exchange Commission’s enforcement program. Steve additionally commented on related legislation that would adopt a framework for cryptocurrency regulation.

As exemplified by their coordinated spoofing takedown last year, the CFTC and DOJ continue to be aggressive in their pursuit of rooting out spoofing and disruptive trading activity by individuals and the companies that employ them.

On June 5, 2019, the SEC adopted Regulation Best Interest (“Reg. BI”), which not only required the disclosure of interest, but also imposed a standard of conduct on broker-dealers (“BDs”) when making a recommendation to a retail customer of any securities transaction or investment strategy.