The CFTC’s proposed minimum capital requirements for SDs and MSPs have met with criticism from industry on a variety of points. These include the use of initial margin, reliance on notional amounts, effect on smaller SDs, inconsistency with the SEC’s proposed capital rule, duplicative reviews for internal capital models, and reporting requirements.
Nine lawyers from Murphy & McGonigle and 10 practice areas have been recognized for excellence in the 2019 Best Lawyers in America edition, announced today by Best Lawyers.
If you have complied with the New York Department of Financial Services (“NY DFS”) requirements to date, your cybersecurity program is already in place and the foundations are laid for compliance with the September first obligations. On or before September 1, 2018, NY DFS Covered Entities subject to Part 500 must be in compliance with sections 500.06, 500.08, 500.13, 500.14(a), and 500.15. This article provides interpretation and analysis of what these requirements mean in practice.
Former CFTC Senior Trial Attorney and Murphy & McGonigle partner Katherine Cooper contends that if certain modifications are made to the Commodity Futures Trading Commission’s controversial proposed new minimum capital requirements for SDs and MSPs.
In this week's Inside Track, we look at GCs who are stockpiling cryptocurrency in case of a hacker ransom. Then, we're sharing the story of one GC who has faced a whole lot of trouble around the European Union's General Data Protection Regulation and examining Uber's latest in-house legal hire.
Financial services and regulatory law firm Murphy & McGonigle announced today that Michelle N. Bradford, an Assistant United States Attorney in the District of Columbia’s Criminal Division, has joined the firm as a shareholder. Ms. Bradford will reside in the Washington, D.C. office and be part of the White Collar Defense, Investigations & Compliance Counseling and the Securities & Complex Commercial Litigation practices.