The Virginia Council on Women received essay submissions this year from 500 young women – high school juniors and seniors – and doubled the number of entries from a year ago. Five winners to the contest were named, and each was awarded a $10,000 scholarship.
Oral arguments in U.S. v. Zaslavskiy presented a federal judge with the question of whether an initial coin offering is governed by the securities laws.
Murphy & McGonigle earned distinctive recognition in the newly published 2018 Chambers USA: Guide to America’s Leading Lawyers. The Firm’s leading Financial Services Regulation: Broker Dealer (Compliance & Enforcement) Practice secured a Nationwide ranking and was called “a who’s who of regulatory might, particularly in the enforcement area.” Another client commented, “They’ve done a great job assembling some great talent.”
On November 22, 2017, the Division of Enforcement (“Division”) of the Commodity Futures Trading Commission (“CFTC”) released its annual enforcement results, announcing that it had filed 49 enforcement actions for Fiscal Year 2017. Despite the unexpected decrease to the CFTC’s budget, the agency’s enforcement program is on pace to markedly improve upon the number of filings made during Fiscal Year 2017. Since announcing the results, the Division has filed 29 actions thus far in Fiscal Year 2018.
How a company handles an internal investigation of a potentially serious matter can make a significant difference in convincing a regulator to back off from bringing an enforcement action or seeking a big penalty. In-house counsel have a crucial role to play in making strategic decisions concerning the scope of the investigation, handling whistleblowers, protecting attorney-client privilege for the company, interacting with regulators, and deciding whether to hire outside counsel.