Topic: Financial Regulation

“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: Child Labor, Whistleblower Protections, Swiss Banks, FATCA Compliance

Turns out that when he wasn’t developing the general theory of relativity, Albert Einstein also invented … a refrigerator. Here’s the patent to prove it, granted November 11, 1930. Complying with child and forced labor laws around the world is more than good business sense – it’s also the right thing to do… (Cheryl Behymer… Read more »

JD Supra Corporate Brief: Big Data, EU Sanctions, Asset Managers, Supreme Court

The government is still closed? Now that’s not a very good way to celebrate Friday, is it? How big data and data analytics are revolutionizing the delivery of health care… (Mintz Levin) Is the EU going soft on companies that do business with Iran? (Sheppard Mullin) Feds say asset managers put the country‘s financial system… Read more »

JD Supra Corporate Brief: SEC Demands, Activist Money, Religious Accommodations, Risk Retention

Wait – you haven’t signed up for email delivery of the JD Supra Corporate Brief? What are you waiting for? Give the SEC an inch, and they’ll want to take a mile… (Orrick) Looking for the latest in class action trends? It’s right here… (Skadden) The PTO’s first decision under the America Invents Act invalidated… Read more »

JD Supra Corporate Brief: Trade Secret Theft, Business Continuity Planning, NAFTA Arbitration Claim, Comprehensive Tax Reform

The bad news: it’s still not Friday. The good news: it’s pretty darn close. The law news: This can’t be good: foreign defendants avoid prosecution for theft of trade secrets by fighting the government’s attempts to serve process… (Orrick) Business continuity planning in the financial industry might not be as simple as regulators think… (Dechert)… Read more »

JD Supra Corporate Brief: IP Police, Tobacco Advertising, Pay Ratio, Lehman Brothers

Looking for a great way to kick off the weekend? Add a little milk and sugar to your morning coffee. And read the JD Supra Corporate Brief: London calling: the UK’s new Police Intellectual Property Crime Unit launched on September 13… (DLA Piper) Advertise ‘em if you sell ‘em… (Pillsbury) Is it just us, or… Read more »

JD Supra Corporate Brief: Sleeping Employees, First Amendment, Automated Trading, Religious Accommodation

Isn’t it time you signed up for email delivery of the JD Supra Corporate Brief? Can an employer fire a worker who falls asleep on the job? The answer might surprise you… (Duane Morris) California’s “Do Not Track” law goes into effect in two weeks. Are you ready? (Proskauer) The Telephone Consumer Protection Act does… Read more »

JD Supra Corporate Brief: Money Laundering, 3D Printers, Age Discrimination, Obamacare Requirements

On September 13, 1898, Hannibal Goodwin patents celluloid photographic film. On September 13, 2013, schoolchildren around the world say, “Huh? What’s photographic film?” It’s time for banks to move anti-money laundering compliance to the front burner… (Manatt) “We’ll argue this whistleblower case all the way to the Supreme Court if we have to…” (Whistleblower Law… Read more »

JD Supra Corporate Brief: Deceptive Acts, Listing Standards, Safe Harbor, Open Enrollment

L’Shana Tova! Seems like every regulatory agency wants to monitor unfair or deceptive acts or practices at large banks these days… (Morrison & Foerster) These six factors will help you determine if your company is complying with the NYSE and Nasdaq listing standards… (Manatt, Phelps & Phillips) The Richmond, CA, eminent domain seizure program violates… Read more »

JD Supra Corporate Brief: Trade Secret Theft, Securities Fraud, Hijacked Domains, Credit Card Surcharges

Sure it’s a short week. But there’s still a lot of law news to read: Victims of cyber attacks: the ITC can help… (Quinn Emanuel) “The good news: you won’t be prosecuted for securities fraud that took place outside the US. The bad news? We’ve determined you were in the US…” (Morvillo Abramowitz) The Department… Read more »

JD Supra Corporate Brief: Data Protection, Money Laundering, Undocumented Workers, Ponzi Schemes

A little perspective: on September 3, 1929, the Dow Jones industrial average closed at 381.17, its highest point before Black Tuesday… Will the EU’s data protection regulation ever see the light of day? (Wilson Sonsini) “OK, OK – we’ll give back the $47 million if you promise not to prosecute us for money laundering…” (Fuerst… Read more »

JD Supra Corporate Brief: Big Data, Broker-Dealers, Graphene Inventions, Arbitration Agreements

Go ahead, pour yourself another cup. It’s Friday after all, and the world can wait while you sip your coffee and read your JD Supra Corporate Brief: Big data creates big dangers for consumer privacy, says the FTC chair… (Ropes & Gray) Here’s one lawyer’s take on the evolution of white collar crime prosecution over… Read more »

JD Supra Corporate Brief: Bribery Act, Dodd-Frank, FMLA Abuse, Penny Stocks

Expecting a busy week? Get your daily fix of business law news delivered straight to your inbox and you’ll have one less thing to worry about… Sign up here>> There’s a first time for everything: the Serious Fraud Office just charged three individuals with violating the UK Bribery Act… (Pillsbury) Has Dodd-Frank been worth it?… Read more »

JD Supra Corporate Brief: Software Patents, China Investments, Employment Visas, FCPA Violations

Happy birthday, Atticus Finch: On this day in 1960, Harper Lee’s To Kill a Mockingbird was first published. Read it again to celebrate! What’s new in the world of software patents? Plenty! (K&L Gates) The Basel Committee wonders if international financial regulatory systems have become too complex. Really. (Shipkevich) Want to challenge a patent? Here… Read more »

JD Supra Corporate Brief: California Breaches Report, Money Market Regulation, Resource Extraction Payments, Global Shipping Industry

Another day, another JD Supra Corporate Brief. Life is good. The key takeaway from California’s recently published 2012 report on data breaches in the state? Just how common those breaches have become… (Mintz Levin) What do the proposed reforms to the regulation of money market funds mean for the industry? This… (Morrison & Foerster) That… Read more »