Topics

11th Circuit

11th Circuit Answers When Would-Be ‘Customers’ May Bring a FINRA Arbitration Against FINRA Members and Associated Persons FDCPA – 11TH Circuit: Kinlock v. Wells Fargo Bank – Post-Foreclosure Offers of Financial Assistance to Defaulted Borrower Not Violative of FDCPA/Florida Consumer Collection Protection Act

2d Circuit

Are Syndicated Term Loans Securities Under Reves v. Ernst & Young? 2nd Circuit Solicits SEC Views SCOTUS to Resolve Circuit Split Over Dodd-Frank Whistleblowers

account freezing order

Prove It or Lose It! Part III: A Step Too Far? Account Freezing Orders & Account Forfeiture Orders in the UK

annuity

Illinois Supreme Court Rules Annuities Are Not Securities Under Illinois Securities Act

anti-bribery

UK Review of the Bribery Act 2010 – Committee Concludes New Guidance Needed

Anti-Money Laundering

FinCEN Postpones Effective Date of Investment Adviser AML Rule and Announces Intent to Revisit Its Scope One Big Beautiful Bill Act - Senate Proposal Would Limit Applicability of House’s 3.5% Remittance Tax on Fund Transfers Abroad Charges Dropped Against Early Cryptocurrency Exchange Operator

Appointed Representatives Regime

Principals in the Spotlight as UK’s FCA Consults on Changes to Appointed Representatives Regime

Arbitration

Outlook 2026: Financial Services Litigation 5 Trends to Watch: 2025 Financial Services Litigation 5 Trends to Watch: 2024 Financial Services Litigation

banking

Federal and State Efforts Intensify Focus on ‘Debanking’Non-Bank Lending in the Spotlight – Does the System of Calculating Regulatory Capital Require Revisiting?Florida Office of Financial Regulation Seeks to Amend and Expand Scope of De-Banking Rules

Banking Regulators

Federal and State Efforts Intensify Focus on ‘Debanking’Federal Reserve and FDIC Withdraw Crypto-Asset Guidance for Banks; OCC Issues Clarification for Banks Supreme Court Hears Oral Argument on Constitutionality of CFPB’s Funding

Bankruptcy

Are Syndicated Term Loans Securities Under Reves v. Ernst & Young? 2nd Circuit Solicits SEC Views The 2023 Banking Crisis: Updated Questions & Answers for Insured and Uninsured Depositors, Other Affected Parties The 2023 Banking Contagion: Questions & Answers for Insured and Uninsured Depositors, Other Affected Parties

Banks

Federal and State Efforts Intensify Focus on ‘Debanking’UK FCA Expands the Reach of COCON and Consults on Non-Financial Misconduct One Big Beautiful Bill Act - Senate Proposal Would Limit Applicability of House’s 3.5% Remittance Tax on Fund Transfers Abroad

BitLicense

The OCC and SEC’s FinHub Issue Guidance on Fiat-Backed Stablecoin Reserves New York State Department of Financial Services Proposes Framework for a Conditional BitLicense New York State Releases Final BitLicense Regulation

Blockchain

SEC Clarifies Status of Crypto Assets Under Federal Securities Laws, Signals Potential Exemptive and Safe Harbor Framework SEC Approves In-Kind Creations and Redemptions for Crypto ETPs One Big Beautiful Bill Act - Senate Proposal Would Limit Applicability of House’s 3.5% Remittance Tax on Fund Transfers Abroad

Blockchain Technology Task Force

Crypto Exchange Bittrex Settles $53 Million in Fines with Treasury Department for Sanctions, Anti-Money-Laundering Violations Florida Gov. Signs Bill that Defines ‘Virtual Currency’ and Eases Licensing Restrictions on Certain Virtual Currency Transactions in the State FinCEN Proposes to Extend Recordkeeping, Reporting, and Identity Verification Requirements to Certain Virtual Currency and Digital Asset Transactions

Brokers

Path Cleared for Registered Representative-Owned PSEs To Receive Transaction-Based Compensation Nov. 2 EVENT | Selecting an EB-5 Investment Project Proposed Legislation Would Create a Tiered Exemption from Broker Registration

California

California DPFI Suspends Implementation, Enforcement of State’s New Investor Law California DFPI Issues Formal Rulemaking for Digital Financial Asset Regulation Effective April 14: FinCEN GTO Requires MSBs Along US Southwest Border to Report Transactions in Currency of More than $200

Capital Markets

SEC Clarifies Status of Crypto Assets Under Federal Securities Laws, Signals Potential Exemptive and Safe Harbor Framework SEC Issues Extension for Compliance with Section 16(a)Florida Amends Securities and Investor Protection Act: Key Changes to Private Placement, Institutional Investor Exemptions

CFPB

CFPB Withdraws ‘Fine Print’ Rule CFPB Proposes to Narrow Risk-Based Supervision CFPB Reopens Its Open Banking Rule for Comment

CFTC

Prediction Markets: A CFTC Enforcement Update CFTC Regulatory Developments on Prediction Markets and Event Contracts CFTC Issues Enforcement Advisory on Benefits of Self-Reporting, Cooperation, and Remediation

Class Action Litigation

Financial Services Insights | Summer 2020 Tyson Foods, Inc. v. Bouaphakeo: Supreme Court Upholds Use of Statistical Evidence in Class Actions

Client Alert

Federal and State Efforts Intensify Focus on ‘Debanking’Non-Bank Lending in the Spotlight – Does the System of Calculating Regulatory Capital Require Revisiting?Florida Office of Financial Regulation Seeks to Amend and Expand Scope of De-Banking Rules

Commodities

CFTC Issues Enforcement Advisory on Benefits of Self-Reporting, Cooperation, and Remediation CFTC Cancels and Replaces Proposed Regulation AT CFTC Proposes Expanding Exemption for Non-U.S. Commodity Pool Operators

Compliance

Path Cleared for Registered Representative-Owned PSEs To Receive Transaction-Based Compensation UK FCA Expands the Reach of COCON and Consults on Non-Financial Misconduct US Treasury Extends Recordkeeping Requirement for Economic Sanctions Compliance to 10 Years

Consumer Financial Services

CFPB Withdraws ‘Fine Print’ Rule Florida Office of Financial Regulation Seeks to Amend and Expand Scope of De-Banking Rules FTC Alleges Fintech Cleo AI Deceived Consumers

Consumer Lending

CFPB Plans Personal Lender Oversight, Funds Access Rules CFPB Launches Public Inquiry into Rising Mortgage Closing Costs and ‘Junk Fees’Small Business Lenders: CFPB Issues Final Rule on Small Business Lending

convertible virtual currency

Florida Gov. Signs Bill that Defines ‘Virtual Currency’ and Eases Licensing Restrictions on Certain Virtual Currency Transactions in the State FinCEN Proposes to Extend Recordkeeping, Reporting, and Identity Verification Requirements to Certain Virtual Currency and Digital Asset Transactions SEC Issues No-Action Letter Facilitating the Secondary Trading of Digital Assets

coronavirus

CFPB Metrics Report Shows Increased Scrutiny of Borrower Access to Servicers, Information, and Loss Mitigation Opportunities Paycheck Protection Program – Expected Impact of ‘Second Draw’ Loans Financial Services Insights | Summer 2020

Corporate Governance

Corporate Transparency Act: Compliance Deadline Approaching for FinCEN’s Beneficial Ownership Information Reporting Requirements SEC Proposes Exemption from Registration for Finders COVID-19 Pandemic: Banking & Finance ‘Phase 2’ Measures in Italy

cryptocurrency

Outlook 2026: Financial Services Litigation SEC Approves In-Kind Creations and Redemptions for Crypto ETPs Federal Banking Regulators Issue Guidance on Risk Management for Crypto-Asset Safekeeping Activities

Cyberattack

SEC Clarifies Confusion Concerning Cybersecurity Incident Reporting

Cybersecurity

NYDFS Final Cybersecurity Rules – MFA, Asset Inventory, and Third-Party Risk SEC Files Actions Against 4 Public Companies for Negligent Cybersecurity Disclosures SEC Clarifies Confusion Concerning Cybersecurity Incident Reporting

Debt

CFPB Begins Scrutinizing Companies Using ‘Buy Now, Pay Later’ Credit

Debt relief

Financial Services Insights | Summer 2020 Congress Passes the PPP Flexibility Act FCC Proposes Rules to Limit the Use of Robocalls to Collect Debts Owed to or Guaranteed by the United States

Digital Assests

Federal Reserve and FDIC Withdraw Crypto-Asset Guidance for Banks; OCC Issues Clarification for Banks California DFPI Issues Formal Rulemaking for Digital Financial Asset Regulation FinCEN Proposes Rule to Address Money Laundering and Terrorist Financing Risks Associated with CVC Mixing

Digital Assets

SEC Approves In-Kind Creations and Redemptions for Crypto ETPs SEC Staff Clarifies Stance on Crypto Mining SEC Clarifies Stance: Most Meme Coins Not Subject to Securities Regulation

digital wallets

CFPB’s Final Rule Enhancing Oversight of Large Digital Payment App Providers Goes into Effect Jan. 9 – Are You Ready?CFPB Unveils Plan to Supervise Big Tech Digital Wallet and Payment App Providers

Dodd-Frank

2024 Update: Best-Practice Compliance Policies for Real Estate Fund Managers (Part Two of Two)2024 Update: Best-Practice Compliance Policies for Real Estate Fund Managers (Part One of Two)CFPB Issues ‘Fast Facts’ for Proposed Personal Financial Data Rights Rule

Due Diligence

Federal Reserve and FDIC Withdraw Crypto-Asset Guidance for Banks; OCC Issues Clarification for Banks FinCEN Finalizes Customer Due Diligence Rule Due Diligence Outsourcing: Traps for the Unwary

Earned Wage Access Services

California DFPI Finalizes New Earned Wage Access Regulations Montana Attorney General Confirms Certain Earned Wage Access Products Are Not Loans Maryland Office of Financial Regulation Provides Guidance on Earned Wage Access Products

EB-5

SEC Disgorgement Lives to See Another Day After Supreme Court’s Liu v. SEC Ruling Not Every Broker-Dealer is an EB-5 Broker-Dealer SEC Charges Attorneys Across the Country for Acting as Unlicensed Securities Brokers

economic sanctions

US Treasury Extends Recordkeeping Requirement for Economic Sanctions Compliance to 10 Years Expansive New Bank Secrecy Act, Sanctions Whistleblower Program: Department of Commerce Insights Crypto Exchange Bittrex Settles $53 Million in Fines with Treasury Department for Sanctions, Anti-Money-Laundering Violations

EU's Bank Recovery and Resolution Directive

Derivatives Update: What You Should Know As We Enter 2017 Article 55 BRRD Can Impact Your Company

European Union

LIBOR Transition Newsletter – Issue 1 LIBOR and “No-Deal” Brexit EU Proposes New Rules to Manage Leverage and Derivative Exposure for Funds – Are Asset Managers Ready?

Events

Nov. 2 EVENT | Selecting an EB-5 Investment Project Webinar – Aug. 20: LIBOR Phaseout - Preparing for the Beginning of the End Greenberg Traurig’s Nanette Aguirre to Speak at Florida Alternative Investment Association Global Macro Perspective 2018

Exchange-Traded Funds (ETFs)

5 Trends to Watch: 2025 Futures & Derivatives SEC Proposes Rule Changes to Mutual Fund and Exchange Traded Fund Disclosures SEC Passes Long-Awaited New Rule 6c-11 to Modernize Regulation of ETFs

Exempt offerings

SEC Issues Concept Release to Overhaul Current Framework for Exempt Offerings

FCA

Outlook 2026: Financial Services Litigation UK FCA Expands the Reach of COCON and Consults on Non-Financial Misconduct FCA Review of Private Fund Market Valuation Practices

FDIC

Federal Reserve and FDIC Withdraw Crypto-Asset Guidance for Banks; OCC Issues Clarification for Banks US Fair Access and Anti-Debanking Laws: What to Expect Under the New Administration FDIC Extends Comment Period for New Requirements for Custodial Accounts

Featured

Prediction Markets: A CFTC Enforcement Update FTC Seeks Comment on Potential Updates to Negative Option Rule CFTC Regulatory Developments on Prediction Markets and Event Contracts

Federal Reserve System

Federal Reserve Rate Cut Prompts Demand for Derivative Hedging Solutions Federal Reserve and FDIC Withdraw Crypto-Asset Guidance for Banks; OCC Issues Clarification for Banks Fed Issues Proposed Rule Lowering Regulation II’s Debit Interchange Cap

Financial Conduct Authority

UK FCA Expands the Reach of COCON and Consults on Non-Financial Misconduct UK FCA Letter Expresses Concerns About Fund Service Providers UK FCA Proposes Changes to Safeguarding Regime for Payments and E-Money Firms

Financial Crimes Enforcement Network

Compliance Deadline Approaches for FinCEN’s Residential Real Estate Reporting Requirements CTA UPDATE: Eleventh Circuit Declares CTA Constitutional; Beneficial Ownership Reporting Requirements Remain Unchanged Deadline Quickly Approaching for Newly Covered MSBs To Comply with FinCEN's Southwest Border GTO

Financial Regulation

Outlook 2026: Financial Services Litigation Federal and State Efforts Intensify Focus on ‘Debanking’CTA UPDATE: Eleventh Circuit Declares CTA Constitutional; Beneficial Ownership Reporting Requirements Remain Unchanged

Financial Services Litigation

Outlook 2026: Financial Services Litigation Federal and State Efforts Intensify Focus on ‘Debanking’5 Trends to Watch: 2025 Financial Services Litigation

FINRA

Outlook 2026: Financial Services Litigation Providing Useful Tools: FINRA Releases its 2026 Annual Regulatory Oversight Report, Together with a FINRA Unscripted Podcast Filled with Senior Leadership Insights With an Eye Toward Modernization, FINRA Requests Comment on Its Regulatory Requirements for Members and Associated Persons

Fintech

CFPB Memo Details Less Oversight on Fintechs, Shift to State-Led Enforcement FTC Alleges Fintech Cleo AI Deceived Consumers The Current And Future State Of Bank-Fintech Partnerships

Firm News

Greenberg Traurig’s Carl Fornaris and William Mack Participate at FMA’s Legal and Legislative Issues Conference Nanette Aguirre to Speak at the Meeting of the Americas 2017 Conference Nanette Aguirre Joins Board of Florida Alternative Investment Association

First Circuit

First Circuit Offers Rebuke to SEC in Vacating Sanctions Order

Florida

Federal and State Efforts Intensify Focus on ‘Debanking’Florida Office of Financial Regulation Seeks to Amend and Expand Scope of De-Banking Rules Florida Amends Securities and Investor Protection Act: Key Changes to Private Placement, Institutional Investor Exemptions

FLSA

Tyson Foods, Inc. v. Bouaphakeo: Supreme Court Upholds Use of Statistical Evidence in Class Actions

foreclosure

The Ninth Circuit Issued a Ruling in Bourne Valley Court Trust v. Wells Fargo Bank, NA Third District Court of Appeals Reverses Holding on Statute of Limitations for Florida Foreclosures: The Impact of Deutsche Bank Trust Company Americas, as Trustee v. Beauvais

FSOC

Digital Assets: Financial Stability Oversight Council Risk Report Assesses Regulatory Gaps; Offers Recommendations FSOC Report Targets Marketplace Lending Financial Stability Oversight Council Releases 2016 Annual Report

FTC

FTC Seeks Comment on Potential Updates to Negative Option Rule FTC Seeks Comment on Potential Rule to Address Unfair or Deceptive Rental Housing Fee Practices FTC Issues FAQs on ‘Junk Fees’ Rule

Gaming

GT’s Carl Fornaris Moderates Panel at IAGA, Featured in Gambling Compliance Greenberg Traurig to Participate at the FIBA Anti-Money Laundering Compliance Conference 10 TRENDS: Getting Better All the Time

Global

SEC Finalizes Cyber Rules for Public Companies: What You Need to Know FinCEN and BIS Warn Financial Institutions About Potential Evasion of Russian and Belarusian Export Controls COVID-19 Pandemic: Banking & Finance ‘Phase 2’ Measures in Italy

Government

One Big Beautiful Bill Act - Senate Proposal Would Limit Applicability of House’s 3.5% Remittance Tax on Fund Transfers Abroad NY Gov Signs Amended LLC Transparency Act New Florida Legislation Proposes Notification Requirements for Certain Financial Institutions When They Terminate, Suspend, or Take Similar Action to ‘Restrict’ Customer Account Access

GT Alert

Prediction Markets: A CFTC Enforcement Update CFTC Regulatory Developments on Prediction Markets and Event Contracts California DPFI Suspends Implementation, Enforcement of State’s New Investor Law

Insurance

GT Recap | NAIC Fall 2020 National Meeting Illinois Supreme Court Rules Annuities Are Not Securities Under Illinois Securities Act Fred Karlinsky, Rich Fidei, and Jamey Zellner Co-Author Cybersecurity Update in Reactions Magazine

insurance producer

Illinois Supreme Court Rules Annuities Are Not Securities Under Illinois Securities Act

investment advisor

U.S. Appeals Court Vacates SEC Private Fund Adviser Rule SEC Risk Alert to Investment Advisers: Assessing Risks, Scoping Examinations, and Requesting Documents Updating and Improving the UK Asset Management Regime: An FCA Discussion Paper

Investment Company Act of 1940

U.S. Appeals Court Vacates SEC Private Fund Adviser Rule SEC Issues Risk Alert Regarding Registered Investment Companies SEC Staff Issues No-Action Relief for Custody of Certain Loan Interests Under the Investment Company Act

Investment Regulation

Florida Amends Securities and Investor Protection Act: Key Changes to Private Placement, Institutional Investor Exemptions FinCEN, Federal Banking Agencies Propose Rules to Amend Financial Institutions’ AML/CFT Program Requirements SEC Cracks Down on Marketing Rule Violations: Takeaways for Investment Advisers

Lending

Non-Bank Lending in the Spotlight – Does the System of Calculating Regulatory Capital Require Revisiting?New Commercial Financing Laws Take Effect in Connecticut, Kansas CFPB Announces New Compliance Deadlines for Small Business Lending Rule

LIBOR

2021 SEC Examination Priorities for Securities Industry Registrants Financial Services Insights | Summer 2020 Webinar – Aug. 20: LIBOR Phaseout - Preparing for the Beginning of the End

Litigation

Outlook 2026: Financial Services Litigation SEC Files Actions Against 4 Public Companies for Negligent Cybersecurity Disclosures CTA Countdown: Upcoming FinCEN Filing Deadlines

Mortgage

CFPB Launches Public Inquiry into Rising Mortgage Closing Costs and ‘Junk Fees’CFPB Issues Report on Unlawful ‘Junk Fees’ Uncovered in Deposit Accounts, Multiple Loan Servicing Markets CFPB Metrics Report Shows Increased Scrutiny of Borrower Access to Servicers, Information, and Loss Mitigation Opportunities

Nevada

Nevada Enacts Nation’s First State Licensing Regime for Earned Wage Access Services

New York

NYDFS Final Cybersecurity Rules – MFA, Asset Inventory, and Third-Party Risk Amended New York Transparency Act Broadens Entity Reporting Obligations Beyond Federal Standards New York Enacts Landmark ‘Buy Now, Pay Later’ Regulation Amid Federal Regulatory Recalibration

nonbanks

Non-Bank Lending in the Spotlight – Does the System of Calculating Regulatory Capital Require Revisiting?Non-Bank Lending in the Spotlight: Regulatory Capital and Its Impact CFPB Unveils Plan to Supervise Big Tech Digital Wallet and Payment App Providers

OCIE

2020 SEC Exam Priorities for Securities Industry Registrants SEC Publishes OCIE 2020 Examination Priorities SEC’s Office of Compliance Inspections and Examinations Releases 2019 Examination Priorities

Office of the Comptroller of the Currency

Federal and State Efforts Intensify Focus on ‘Debanking’Federal Reserve and FDIC Withdraw Crypto-Asset Guidance for Banks; OCC Issues Clarification for Banks US Fair Access and Anti-Debanking Laws: What to Expect Under the New Administration

President Trump's Administration

FTC Seeks Comment on Potential Rule to Address Unfair or Deceptive Rental Housing Fee Practices Federal and State Efforts Intensify Focus on ‘Debanking’Congress Abolishes Certain Exemptions for Foreign Private Issuers; Will Now Require Compliance with Section 16(a) Beneficial Ownership Reporting For Directors and Officers

PWG

President’s Working Group on Financial Markets Releases Report and Recommendations on Stablecoins

Real Estate

Compliance Deadline Approaches for FinCEN’s Residential Real Estate Reporting Requirements 2024 Update: Best-Practice Compliance Policies for Real Estate Fund Managers (Part Two of Two)2024 Update: Best-Practice Compliance Policies for Real Estate Fund Managers (Part One of Two)

Regulatory

CFTC Regulatory Developments on Prediction Markets and Event Contracts Outlook 2026: Financial Services Litigation One Big Beautiful Bill Act - Senate Proposal Would Limit Applicability of House’s 3.5% Remittance Tax on Fund Transfers Abroad

Regulatory Compliance

SEC Clarifies Status of Crypto Assets Under Federal Securities Laws, Signals Potential Exemptive and Safe Harbor Framework Federal and State Efforts Intensify Focus on ‘Debanking’NYDFS Final Cybersecurity Rules – MFA, Asset Inventory, and Third-Party Risk

Regulatory Decisions Committee

UK FCA Implements Controversial Change to Its Decision-Making Procedures

Retirement

NY Department of Financial Services Proposes its Own Fiduciary Rule in Response to U.S. DOL Delay Proposed Fiduciary Rule for Retirement Accounts One Step Closer to Reality

Risk

2023 Report on FINRA’s Examination and Risk Monitoring Program Federal Reserve, FDIC, and OCC Issue the First Joint Statement on Crypto-Asset Risks to Banking Organizations NYDFS Proposes Significant Changes to Its Cybersecurity Regulation

Risk Management

Federal and State Efforts Intensify Focus on ‘Debanking’Florida Office of Financial Regulation Seeks to Amend and Expand Scope of De-Banking Rules FTC Alleges Fintech Dave, Inc. Deceived Consumers

Sarbanes-Oxley Act

SCOTUS Rules Dodd-Frank Does Not Protect Internal Whistleblowing Ninth Circuit Widens Circuit Split on Whether Dodd-Frank Protects Internal Whistleblowing

SEC

SEC Clarifies Status of Crypto Assets Under Federal Securities Laws, Signals Potential Exemptive and Safe Harbor Framework SEC Issues Extension for Compliance with Section 16(a)SEC Enforcement Director Makes First Public Remarks on the Wells Process and Enforcement Priorities

Securities

SEC Staff Clarifies Stance on Crypto Mining SEC Clarifies Stance: Most Meme Coins Not Subject to Securities Regulation Florida Amends Securities and Investor Protection Act: Key Changes to Private Placement, Institutional Investor Exemptions

Securities and Exchange Commission

SEC Clarifies Status of Crypto Assets Under Federal Securities Laws, Signals Potential Exemptive and Safe Harbor Framework SEC Issues Extension for Compliance with Section 16(a)SEC Enforcement Director Makes First Public Remarks on the Wells Process and Enforcement Priorities

small businesses

CFPB Announces New Compliance Deadlines for Small Business Lending Rule Court Issues Nationwide Stay of CFPB’s Section 1071 Small Business Lending Rule Small Business Lenders: CFPB Issues Final Rule on Small Business Lending

Social & Governance (ESG)

Federal and State Efforts Intensify Focus on ‘Debanking’SEC Issues Long-Awaited Proposed Rule on Climate Disclosures

Stablecoin

CFPB And FTC Take Their Place As Powerful Crypto Cops Federal Reserve, FDIC, and OCC Issue the First Joint Statement on Crypto-Asset Risks to Banking Organizations SEC Chair Continues Push to Regulate Digital Asset Markets

State and Local

California DPFI Suspends Implementation, Enforcement of State’s New Investor Law Federal and State Efforts Intensify Focus on ‘Debanking’NYDFS Final Cybersecurity Rules – MFA, Asset Inventory, and Third-Party Risk

sustainable finance

OCC Final Rule Modernizing the Community Reinvestment Act Includes New Incentives for Investing in Indian Country

Tax

One Big Beautiful Bill Act - Senate Proposal Would Limit Applicability of House’s 3.5% Remittance Tax on Fund Transfers Abroad IRS Issues New Cryptocurrency Guidance SEC Issues ‘No-Action’ Letters Allowing Sales of Utility Tokens

TCPA

Greenberg Traurig’s Gil Rudolph and Lori S. Nugent Participate at CCFL’s Annual Consumer Financial Services Conference FCC Proposes Rules to Limit the Use of Robocalls to Collect Debts Owed to or Guaranteed by the United States

Technology

CFPB Spotlight Targets Mobile ‘Tap-To-Pay’ Technology Updating and Improving the UK Asset Management Regime: An FCA Discussion Paper SEC Issues No-Action Letter Facilitating the Secondary Trading of Digital Assets

Token offering

SEC Clears First Two Regulated Token Offerings

Tokyo Metropolitan Government

The ‘Global Financial City Tokyo’ Initiatives

U.S. Financial Market

Federal Reserve Rate Cut Prompts Demand for Derivative Hedging Solutions SEC Seeks to Expand ‘Dealer’ or ‘Government Securities Dealer’ Definition to Require Additional Firms to Register with Agency and Comply with Federal Securities Regulations SEC Proposes Rule Changes to Mutual Fund and Exchange Traded Fund Disclosures

U.S. Supreme Court

Supreme Court Holds That CFPB’s Funding Is Constitutional, Clearing Way for Rulemaking Agenda Supreme Court Hears Oral Argument on Constitutionality of CFPB’s Funding Financial Services Insights | Spring 2021

UK

Do Non-Bank Financial Institutions Pose a Systemic Risk?Non-Bank Lending in the Spotlight – Does the System of Calculating Regulatory Capital Require Revisiting?Non-Bank Lending in the Spotlight: Regulatory Capital and Its Impact

Uncategorized

California Bans Hidden Fees, Effective July 1, 2024 Crypto Exchange Bittrex Settles $53 Million in Fines with Treasury Department for Sanctions, Anti-Money-Laundering Violations SEC Passes Long-Awaited New Rule 6c-11 to Modernize Regulation of ETFs

Unclaimed Property & Escheat

Cryptocurrencies and Unclaimed Property: Potential Implications of State Escheat Laws for the Blockchain Technology Industry Unclaimed Property Litigation Update: Victories on the Horizon for the Holder Community?

Unexplained Wealth Order

Prove It or Lose It! Part III: A Step Too Far? Account Freezing Orders & Account Forfeiture Orders in the UK Prove It or Lose It! Parts I and II: Unexplained Wealth Orders and Civil Recovery Orders in the United Kingdom

United Kingdom

Outlook 2026: Financial Services Litigation Non-Bank Lending in the Spotlight – Does the System of Calculating Regulatory Capital Require Revisiting?UK FCA Letter Expresses Concerns About Fund Service Providers

Virtual Currency

Federal Reserve and FDIC Withdraw Crypto-Asset Guidance for Banks; OCC Issues Clarification for Banks SEC Staff Clarifies Stance on Crypto Mining NYDFS Updates Guidance on Virtual Coin-Listing/Delisting Frameworks and the Greenlist

white collar

CFTC Issues Enforcement Advisory on Benefits of Self-Reporting, Cooperation, and Remediation CTA Countdown: Upcoming FinCEN Filing Deadlines FinCEN Issues FAQs on Dissolved Entities’ Beneficial Ownership Reporting Requirements