• Murphy & McGonigle Partner, Lionel André, was elected to the D.C. Bar Health Law Section Steering Committee. Mr. André will serve a three-year term on the Steering Committee, starting on July 1, 2017. "It is an honor for me to join the Steering Committee for the Health Law Section of the D.C. Bar," André said.

  • Tech companies band together to fight secrecy orders on warrants for user data
    Global Investigations Review (Subscription Required) | (07/04/2017)

    Some of the world’s largest technology companies have backed a Facebook case against a gagging order that prevents it from alerting its customers of a US law enforcement warrant for their data.

  • The U.S. Office of the Comptroller of the Currency (“OCC”) is the federal agency responsible for chartering national banks. This past March, after a year-long public dialogue with various sectors of the financial services industry regarding “Responsible Innovation in the Federal Banking System,” the OCC “determined that it is in the public interest to consider applications for a special purpose national bank . . . charter from financial technology companies that engage in banking activities.” This innovation is intended to create “a national bank that engages in a limited range of banking activities, including one of the core banking functions, but does not take deposits and is not insured by the Federal Deposit Insurance Corporation.” The agency therefore “anticipates that [chartered fintech firms] likely will elect to demonstrate that they are engaged in paying checks or lending money.”

  • SEC Alleges Anti-Money Laundering Violations at Utah Broker
    Bloomberg BNA (Subscription Required) | (06/05/2017)

    A Utah broker-dealer failed to report suspicious transactions to federal regulators, the Securities and Exchange Commission said June 5 ( SEC v. Alpine Securities Corp. , S.D.N.Y., 7:17-cv-04179, 6/5/17 ).

  • Murphy & McGonigle, P.C., a leading provider of legal services to the financial services industry, is pleased to announce that Chambers and Partners has recognized the firm in the category of Nationwide Financial Services Regulation Broker-Dealer – Compliance and Enforcement in Chambers USA 2017.