• In response to a request from the Securities Industry and Financial Markets Association (“SIFMA”), on August 25, 2020, the Securities and Exchange Commission (“SEC”) granted conditional and temporary exemptions from the “locate” and “close-out” requirements of Rule 203(b)(2)(ii) and Rule 204(a) and (b), respectively, of Regulation SHO.   SIFMA’s request relates to intermittent suspensions of physical delivery securities processing services at the Depository Trust Company (“DTC”) that are resulting from the effects of COVID-19.  SIFMA stated that, as a result of such processing interruptions, there are likely to be delays in settlement of sales of equity securities that the seller was “deemed to own” and for which settlement is dependent on the delivery of physical certificates (referred to as “owned physical securities”). 

  • In its 10th anniversary year, Murphy & McGonigle has earned a ‘Lawyer of the Year’ honor in one of its key practices – Securities Regulation, along with nine individual honorees and two lawyers on the ‘Ones to Watch’ list in the Best Lawyers in America 2021 Edition, announced today.

  • The economic impact precipitated by COVID-19 is dealing a severe blow to the commercial real estate market. Will the COVID-19 fallout result in a wave of CMBS litigation?

  • Criminal Investigations, Crypto Exchange Accounts, and the Expectation of Privacy
    by: Daniel S. Alter | The WLF Legal Pulse | (07/21/2020)

    In his analysis of the United States Court of Appeals for the Fifth Circuit’s recent ruling, U.S. v. Gratkowski, Daniel Alter of our FinTech & Blockchain Practice questions the Court’s assertions that users of blockchain technology sacrifice their privacy in a similar manner to those utilizing traditional bank accounts.

    The article, “Criminal Investigations, Crypto Exchange Accounts, and the Expectation of Privacy,” appears in the current edition of The WLF Legal Pulse, the publication of The Washington Legal Foundation.

    Mr. Alter, who previously served as General Counsel of the New York State Department of Financial Services, concludes, “It therefore bears resembling that, in law, superficial analogies to the past can take you only just so far in governing the future.”

  • Financial services law firm Murphy & McGonigle, which recently celebrated its 10-year anniversary, announced today that it has opened a new office in San Francisco, CA.

  • Murphy & McGonigle is very pleased to mark our 10 Year Anniversary as a firm this month.