NYC advances proposed rules on subscription cancellations, expanding enforcement against negative option offers and outlining new disclosure and notice requirements.
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CFTC Regulatory Developments on Prediction Markets and Event Contracts
Prediction markets are electronic trading platforms where participants buy and sell interests in future event outcomes, from elections to economic indicators. Prices reflect aggregate probability, with event contracts typically offering binary yes or no outcomes.
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Outlook 2026: Financial Services Litigation
- Increasing Focus on AI — AI developments and uses and the evolving legal and regulatory landscape may bring about new litigation and enforcement risks stemming from claims of algorithmic bias,
One Big Beautiful Bill Act – Senate Proposal Would Limit Applicability of House’s 3.5% Remittance Tax on Fund Transfers Abroad
On June 16, 2025, the Senate Finance Committee released its own version of the tax provisions of H.R. 1, entitled the “One Big Beautiful Bill Act,” which the U.S. House of Representatives passed on May 22, 2025. The full U.S. Senate is expected to debate the Senate Proposal in the days ahead, where additional changes may be made.
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With an Eye Toward Modernization, FINRA Requests Comment on Its Regulatory Requirements for Members and Associated Persons
On March 12, 2025, the Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 25-04, seeking public comment on its initiative to modernize regulatory requirements for Members and Associated Persons.
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CTA UPDATE: Enforcement Remains Suspended Despite U.S. Supreme Court Granting Stay of Preliminary Injunction
On Jan. 23, 2025, the U.S. Supreme Court granted the U.S. government’s request for a stay (SCOTUS Order) of the nationwide preliminary injunction of the Corporate Transparency Act (CTA) issued
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CTA Update: Nationwide Preliminary Injunction Against CTA Reinstated
On Dec. 26, 2024, the nationwide preliminary injunction that a Texas district court issued in Texas Top Cop Shop, Inc. v. Garland against enforcement of the Corporate Transparency Act (CTA)
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Reg BI Enforcement Intensifies: SEC Fines Western International Securities for Violating Care and Compliance Obligations
On July 30, 2024, the SEC announced it had reached a settlement agreement with Western, a dually registered investment adviser and broker-dealer providing investment advice and brokerage services to retail
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5 Trends to Watch: 2024 Financial Services Litigation
- Increasing Regulatory and Enforcement Risk – As we enter an election year, and considering the government’s aggressive hiring, financial institutions can expect to see increased activity by federal and state
SEC Finalizes Cyber Rules for Public Companies: What You Need to Know
On July 26, 2023, the Securities and Exchange Commission (SEC) adopted the long-awaited final rule requiring that public companies disclose information about cybersecurity incidents within four business days of determining
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