• Judge Invites CFTC to Comment on SEC Enforcement Action
    Securities Regulation Daily | (02/13/2020)

    In an unusual development, Judge P. Kevin Castel of the US District Court for the Southern District of New York issued an order in an enforcement action brought by the Securities and Exchange Commission (SEC) inviting the General Counsel of the Commodity Futures Trading Commission (CFTC) to express views on the issues presently before the Court.

  • With the country seemingly having survived its most recent Presidential impeachment process, what is not commonly appreciated is the outsized role that Presidents involved directly or indirectly in impeachment proceedings have had on commodities regulation. 

  • OCIE and FINRA have announced that cybersecurity will, again, be at the top of their examination priorities for 2020. On top of that, cyberattacks and data privacy scandals are among the most potentially costly and harmful risks facing businesses and financial institutions today. With that in mind, Joseph Facciponti and Katherine McGrail of our Cybersecurity Team have authored “10 Practical Steps to Protect Your Firm from Cyber Threats.”

  • There are two recent, noteworthy actions from the Financial Industry Regulatory Authority, Inc. (FINRA) regarding Rule 5250 and Rule 4530 that should be noted by market makers and other broker-dealers.

  • Daniel Payne of Murphy & McGonigle’s FinTech & Blockchain Practice will be a featured speaker in a Practising Law Institute One-Hour Briefing entitled, “Trends in Blockchain Litigation.”

  • The Empire State featured the most active region for blockchain litigation – the Southern District of New York – according to the new Blockchain Litigation Year in Review Report, released today by financial services law firm Murphy & McGonigle.