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In a unanimous decision, the Supreme Court held in AMG Capital Management, LLC v. FTC that the FTC does not have authority to seek disgorgement or restitution under Section 13(b) of the F...
On April 8, 2021, the Ninth Circuit issued a decision affirming the dismissal of a putative securities fraud class action against an investment bank accused of fraudulently attempting to ...
Citing the “harmful foreign activities of the Government of the Russian Federation,” on April 15, 2021 President Biden issued Executive Order 14024, which broadly authorizes sanctions...
The Securities and Exchange Commission’s (SEC) Division of Examinations (the Staff) recently issued a risk alert reminding broker-dealers (firms) of their obligations under anti-money l...
This week, the staff of the SEC issued a statement expressing a view that, despite the widespread practice to the contrary, most warrants issued in connection with a SPAC transaction shou...
The U.S. federal banking agencies have issued an interagency statement addressing industry questions on model risk management and AML compliance. Specifically, the statement clarifies th...
On April 2nd, the SEC approved NYSE rule changes that will relax current requirements to obtain shareholder approval prior to certain equity issuances. The changes will facilitate capital...
On April 5, 2021, the U.S. Supreme Court issued a long-awaited decision in Google LLC v. Oracle America, Inc., holding that Google’s copying of certain portions of Oracle’s Java SE AP...
The Financial Crimes Enforcement Network of the U.S. Department of the Treasury has begun a rulemaking to implement the beneficial ownership reporting provisions of the new Corporate Tran...
A recent guilty conviction, after a jury trial, shows how complex and fraught the zigzag path to marijuana legalization is in the payments space. At a time when the federal government has...