The New York Department of Financial Services has proposed "first-in-the-nation" sweeping cybersecurity regulations for banks, credit unions and insurers chartered or licensed in New York. If adopted as written, compliance with the proposed regulations could prove expensive and challenging because of their comprehensiveness, accountability demands, and subjectivity, the authors, Kate McGrail and Elizabeth Del Cid, write.
M&M Defend app to help executives and companies respond to Surprise Law Enforcement Actions is now available on Google Play.
A pair of class members from the suit alleging Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and 11 other market participants rigged the credit-default swaps market asked a New York federal court to reconsider the distribution of the $1.86 billion settlement, saying the settlement administrator wrongly disallowed nearly $1.7 trillion of their transactions.
Murphy & McGonigle comments on the SEC’s recent whistleblowing activities under the Dodd-Frank Act.
Murphy & McGonigle, P.C. announced today that Andrew Melnick has joined the firm as a shareholder in its New York office. Mr. Melnick’s arrival continues the strong trend of top litigation and regulatory talent joining the financial services law firm that was founded in 2010.
An agent from the Federal Bureau of Investigation approaches a hedge fund trader as he leaves the office, wanting to ask a few questions. Nervous about saying no to an official, the trader dishes, and information he provides is later used against him.
Steven Feldman, a white collar attorney in New York, has seen too many clients caught off-guard in such situations. His solution? The Murphy & McGonigle Surprise Law Enforcement Response App.