Tag Archives: Financial Regulation and Compliance

Prioritize Monitoring Financial Contracts

Many counterparties are dealing with the impact of market volatility, unprecedented margin calls and the combined  effects on their financial contracts, many of which are active master agreements executed years ago. It is important to check for terms like, “may” verses “shall”, applicable notice requirements and cure periods associated with default triggers and finally, the broad … Continue Reading

Qualifying Assets Under Investment Company Act Section 3(c)(5)(C) Mortgage Exemption

On Aug. 15, 2019, the staff of the Division of Investment Management at the U.S. Securities and Exchange Commission (the “Staff”) issued a significant no-action letter. The letter clarifies the treatment of certain assets held by an entity seeking to rely upon Section 3(c)(5)(C) to be exempt from registration as an investment company under the Investment … Continue Reading

FinCEN Issues Guidance on Application of Regulations to Certain Business Models Involving Convertible Virtual Currencies

On May 9, 2019, the Financial Crimes Enforcement Network of the U.S. Department of the Treasury (FinCEN) issued “interpretive guidance” addressing how FinCEN’s money services business (MSB) regulations apply to a variety of business models that use convertible virtual currency (CVC) (2019 FinCEN Guidance). This is the first significant guidance FinCEN has issued regarding the … Continue Reading

Greenberg Traurig to Sponsor ACI’s 24th National Conference on Consumer Finance Class Actions & Litigation

Greenberg Traurig, LLP is proud to sponsor and participate in the American Conference Institute’s (ACI) upcoming National Conference on Consumer Finance Class Actions & Litigation, to be held Jan. 26-27, 2015, at The Viceroy, Miami, Florida. Greenberg Traurig Shareholder Paul Ferak will speak on the conference panel titled, “Supreme Court Review:  The Blockbuster 2015-2016 Term … Continue Reading

DOJ’s Recent Memo Reshapes Government Investigations

Through her Sept. 9, 2015, Memorandum entitled “Individual Accountability for Corporate Wrongdoing,” the Deputy Attorney General of the United States, Sally Quillian Yates, issued clear marching orders to civil and criminal prosecutors that will surely shape current and future Wall Street prosecutions. The stated purpose of the memo, to improve “effective enforcement of the civil … Continue Reading