• Sharon O’Shaughnessy Recognized for Distinguished Pro Bono Service to New York State Courts Access to Justice Program
    (10/04/2017)

    Murphy & McGonigle, P.C. is pleased to announce that Sharon O’Shaughnessy will receive a Certificate of Recognition for her distinguished pro bono service to the New York State Courts Access to Justice Program at an October 26, 2017 ceremony hosted by the New York State Unified Court System Office for Justice Initiatives, New York State Bar Association, and New York County Lawyers’ Association.

  • Equifax's efforts to protect customers called into question after cyberattack
    Global Investigations Review (Subscription Required) | (09/15/2017)

    Equifax's failure to fix a well-known vulnerability in its computer systems that led to a monumental breach of customer information could prompt a tough government response, lawyers say.

  • Schwab Compliance Review | Personal Trading
    Charles Schwab | (2017)

    Andy Melnick and Brian Walsh author Schwab’s Compliance Review and Personal Trading - In its February 2017 Risk Alert, the Securities and Exchange Commission (SEC) identified personal trading by investment advisor “access persons” as an area in which examination staff frequently find compliance failures. This notification to firms underscores the importance that the SEC ascribes to personal trading compliance. This white paper details the rule covering personal trading, provides practical tips for compliance, and discusses relevant enforcement cases that have resulted from noncompliance.

  • What is a Regulation SHO bona-fide market maker?
    Journal of Investment Compliance | (2017)

    What is a Regulation SHO bona-fide market maker? As discussed below, this actually is a trick question, because Regulation SHO does not contemplate that a broker-dealer would have the status of a “bona-fide market maker,” but focuses on whether a market maker is engaged in “bona-fide market making activities.”

  • Justices’ Securities Docket Could Reflect Class-Action Focus
    Securities Law Daily, Bloomberg BNA | (07/19/2017)

    James Goldfarb and Steve Crimmins comment on how Justices’ Securities Docket Could Reflect Class-Action Focus.

    Did Bank of America and JPMorgan Chase breach their state-law fiduciary and contractual obligations to mutual fund clients by not telling them about certain beneficial fee arrangements?

    The U.S. Supreme Court, which has signaled a strong interest in class securities litigation, could resolve the question during its coming term ( Holtz v. JPMorgan Bank N.A., U.S., No. 16-1536, petition filed 6/22/17; Goldberg v. Bank of America N.A., U.S., No. 16-1541, petition filed6/21/17).

  • The Scandal Over Hobby Lobby’s Purchase of 5,500 Smuggled Artifacts, Explained
    Artsy | (07/07/2017)

    Steve Feldman comments on Hobby Lobby’s purchase of smuggled artifacts.