Topic: Banking

Private Equity and the FCPA: Time to Get Serious About Corruption

“The private equity industry is the latest target of an unprecedented explosion in Foreign Corrupt Practices Act (“FCPA”) enforcement by U.S. regulators. As the industry expands to emerging markets overseas and faces new Dodd-Frank regulations, private equity firms and hedge funds are under heightened scrutiny from the Department of Justice and the Securities and Exchange… Read more »

Volcker Rule: First Look at the Proposed Regulation

Earlier this month the Securities and Exchange Commission joined three other federal agencies in proposing regulations to implement Section 13 of the Bank Holding Company Act, also known as the Volcker Rule. Part of the Dodd-Frank Act, the proposed rule would bar banking institutions from ‘proprietary trading’ (trading for benefit of the bank versus the… Read more »

Corporate Law Updates: Top News Feeds for the Month

For your interest, here’s a look at the five most-visited corporate law feeds on JD Supra over the past thirty days: 1. Labor & Employment Law  Updates on…  employee misclassification and the IRS settlement program, the NLRB poster rule, social media in the workplace, I-9 audits and the E-Verify program, and more from Akerman Senterfitt;… Read more »

Dodd-Frank Update: FDIC Final Rule for “Living Wills”

On September 13, the Federal Deposit Insurance Corporation approved its final rule requiring banks and other financial institutions to file “living wills:” road maps for rapidly liquidating the institutions in the event of severe financial distress. For your reference, a roundup of legal commentary and analysis regarding the rule, from leading law firms on JD… Read more »

FINRA Rule 1230(b)(6): New Registration Requirements for Operations Professionals

We’re seeing growing interest in the Financial Industry Regulatory Authority’s new registration, examination and continuing education requirements for operations personnel of FINRA member broker-dealers (including senior management, supervisors, and other “back office” personnel with authority), which go into effect on October 17, 2011. We’ll continue to update this reading list as additional updates on the new rule come… Read more »