Topic: Finance

JD Supra Corporate Brief: In-House Counsel, Patent Trolls, Social Media, Iran Sanctions

Give yourself the gift the keeps on giving: inbox delivery of the JD Supra Corporate Brief. It’s as easy as click, type, send… Know your employer’s business, identify unnecessary legal risks, and other ways in-house counsel can add the most value to a company… (Walt Metz, JD Supra Perspectives) These aren’t the (patent) trolls you’re… Read more »

“Banging the Close”? “Spoofing”? Call It What You Want – It’s Illegal And The CFTC Will Catch You…

Earlier this month, the Commodity Futures Trading Commission sued Donald Wilson and his company, DRW Investments, for manipulating the IDEX USD Three-Month Interest Rate Swap Futures Contract, using two methods known as “banging the close” and “spoofing.” Attorney Felix Shipkevich of Shipkevich PLLC explains: “The CFTC defines ‘banging the close’ as: a manipulative or disruptive trading… Read more »

JD Supra Corporate Brief: Social Media, Virtual Currencies, Patent Trolls, Generic Drugs

On this day in 1974, the Department of Justice filed its final antitrust suit against the AT&T Corporation, leading to the breakup of AT&T and its Bell System. Have a social media policy? You’ll want to add these items… (JD Supra Perspectives) Sure, Bitcoins and other virtual currencies present tantalizing investment opportunities, but look before… Read more »

JD Supra Corporate Brief: DOL Investigations, Risk Management, EU-China Treaty, Food Labels

Happy Birthday, Mickey Mouse! Say what you want about the FCPA, but don’t call it anti-business… (Randy Stephens at NAVEX Global) “Uh, yeah, there’s a man here who says he’s from the Department of Labor… What do I do?” (Eric Su at Ogletree Deakins) Now more than ever, banks must adopt risk management processes that… Read more »

JD Supra Corporate Brief: SEC Report, Lying Liars, Contractor Cybersecurity, Re-Shoring Operations

Oversleep? Spill coffee on your new suit? Leave the afternoon keynote in your other laptop? Relax, take a deep breath, and read the JD Supra Corporate Brief… Think the SEC’s Office of Financial Research’s missed the mark on “Asset Management and Financial Stability”? You’re not alone… (Thomas Vartanian at Dechert) Goldman Sachs will be required… Read more »

You Could Learn A Lot about SEC Enforcement Listening to Mary Jo White…

Securities and Exchange Commission Chair Mary Jo White is certainly keeping busy. In recent weeks she’s spoken to the Council of Institutional Investors, the National Association of Corporate Directors, and the Securities Enforcement Forum, among others. From lawyers writing on JD Supra, here’s what she had to say: The SEC wants more guilty pleas: “In… Read more »

SEC Fines 23 Firms for Illegal Short Selling – Lessons for All Investment Firms

“In announcing the enforcement actions, Andrew J. Ceresney, Co-Director of the SEC’s Division of Enforcement, emphasized that the Staff has ‘zero tolerance for any securities violations, including violations that do not require manipulative intent.’” (BakerHostetler) In mid-September, the Securities and Exchange Commission charged 23 investment firms with violating an SEC rule that prohibits firms from… Read more »

JD Supra Corporate Brief: Government Shutdown, Cyber Insurance, Drilling Permits, Pay Ratio

Monday morning blues? Here’s a cure: two parts coffee, one part cherry Danish, and a hearty dash of JD Supra Corporate Brief: A federal shutdown would create distinct challenges for government operations… (Skadden Arps) Is it time to update the patent examination system? (MBHB) If at first you don’t succeed, try, try again – but… Read more »

JD Supra Corporate Brief: Cyber Technology, FLSA Lawsuits, Proxy Advisors, LIBOR Litigation

The largest farm worker strike in the history of the United States, known as the Salad Bowl strike, was started on August 23, 1970, by César Chavéz. Exporting cyber technology products and services could become more difficult in both the US and Europe… (Sheppard Mullin) It’s a small(er) world, after all… (BakerHostetler) Cybersecurity is an… Read more »

JD Supra Corporate Brief: Sun Capital, Foreign Investment, China Copyrights, Effective Compliance

It’s Friday, and the weekend’s not far behind. Sounds like a good reason to celebrate, with the JD Supra Corporate Brief! An appeals court just found that PE fund Sun Capital was engaged in a “trade or business” in a ruling that could have drastic implications for the private equity industry… (JD Supra Contributors) Lawmakers… Read more »

JD Supra Corporate Brief: Proxy Litigation, Data Collection, Confidentiality Clause, Mobile Payments

On this day in 1701, the trading post at Fort Pontchartrain du Détroit was founded. Nearly 312 years later to the day, the city it became – Detroit, Michigan – filed the country’s largest municipal bankruptcy… What’s new in say-on-pay trends and proxy litigation? Quite a bit, actually… (Skadden) Protect your company’s information from a… Read more »

JD Supra Corporate Brief: Internal Controls, Broker Dealers, Unfair Competition, Conflict Minerals

Is it just us, or is it getting really hot in here? But don’t worry – the heat wave should break by before the weekend. Until then: stay cool, drink lots of liquids, and read the JD Supra Corporate Brief: M&A risks: all too often executives ignore ethics and compliance issues and focus mainly on… Read more »

JD Supra Corporate Brief: Cyber Risk Insurance, UK Bribery Act, 3D Printing Battles, Undercover FBI Operation

No, you’re not dreaming: the new JD Supra Corporate Brief really is here. On the market for cyber risk insurance? This update will help (Sherman & Howard) The UK government is considering changes to the UK bribery act that would decriminalize facilitation payments for small and medium businesses (Pillsbury) A new set of US Iran… Read more »

Feds Implement New Identity Theft Rules for Banks and Investment Advisers – A JD Supra Q&A

“… the written identity theft program [must] be designed to detect, prevent and mitigate identity theft in connection with certain existing accounts or the opening of new accounts.” (Katten Muchin Rosenman) On May 20, 2013, identity theft red flag rules developed by the Securities and Exchange Commission and the Commodities Futures Trading Commission went into… Read more »

Mortgage Servicers Take Heed: The CFPB Has New Rules for How You Do Business

[Video: A New World for Mortgage Banking – What You Need to Know About the CFPB’s Final Mortgage Servicing Rules – Pepper Hamilton LLP] The Consumer Financial Protection Bureau recently issued two rules that are going to change the way mortgage service companies do business: the 2013 RESPA Servicing Final Rule, an amendment to Regulation X… Read more »