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.

Murphy & McGonigle’s leading FinTech & Blockchain Practice is pleased to publish a new edition of “Who’s on the Block,” a roundup of blockchain conferences, speaking appearances, and insights into blockchain technology.

A company’s cybersecurity and data privacy compliance programs are only as good as their weakest links, which often are the company’s third-party vendors.