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.
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.
A comprehensive summary of the regulatory framework applicable to cryptocurrency as it relates to securities issuance and trading, commodity derivatives law issues, federal and state banking laws, litigation, and cybersecurity.
Elizabeth Lan Davis, a Chief Trial Attorney for the Commodity Futures Trading Commission, Division of Enforcement, is joining leading financial services and regulatory law firm Murphy & McGonigle. Ms. Davis, who is the latest in a number of high profile lawyers to join the Firm in the past two months, will further strengthen Murphy & McGonigle’s highly regarded Securities Regulation and Securities Litigation practices. She will be based in the Washington, D.C. office.
On March 7, 2018, the Securities and Exchange Commission’s Enforcement Division and its Trading & Markets Division issued a joint “Statement on Potentially Unlawful Online Platforms for Trading Digital Assets.” The release appeared to be the strongest signal yet of a broadening of the SEC’s enforcement and regulatory interest beyond its focus over the last year on the need for certain coin offerings to be registered or to qualify for an exemption as private placements.