Compliance
DOJ Provides Updates on FCPA and Corporate Criminal Enforcement Trends at International Conference on the FCPAU.S. Department of Justice Announces Changes to Corporate Criminal Enforcement PoliciesSecond Circuit Upholds District Court’s Rejection of DOJ Attempt to Expand Extraterritorial Reach of FCPA Through Agency Liability
Criminal Enforcement
Department of Justice Announces Revisions to Criminal Division PoliciesDOJ and SEC Charge Healthcare Executive With Insider Trading Through a Rule 10b5-1 Trading Plan, Marking DOJ’s First Such IndictmentSecond Circuit Decision Limits the Ability to Prosecute Instances of Trading on Confidential Government Information
Cross-Border Enforcement Issues
DOJ Provides Updates on FCPA and Corporate Criminal Enforcement Trends at International Conference on the FCPAU.S. Department of Justice Announces Changes to Corporate Criminal Enforcement PoliciesSecond Circuit Upholds District Court’s Rejection of DOJ Attempt to Expand Extraterritorial Reach of FCPA Through Agency Liability
Cybersecurity
New Requirements for Outsourcing by Advisers: Proposed SEC Rule Brings More Obligations and ScrutinyDFS Enters Consent Order with Robinhood Crypto for Deficiencies in AML, Cybersecurity, and Virtual Currency ComplianceSEC Division of Examinations Reinforces Gensler Initiatives in its 2022 Exam Priorities
Deterrence
SEC Brings Enforcement Action Against Global Brokerage Company, Finding False and Misleading Statements In Connection With Non-GAAP Financial MeasuresTask Force Led By Preet Bharara and Cleary Gottlieb’s Joon H. Kim Issues Report Recommending Reforms to Insider Trading LawIRS Issues Guidance on Deductibility of Settlement Payments Under New Law
DOJ
U.S. Attorney’s Offices Issue Nationwide Corporate Voluntary Self-Disclosure PolicySecond Circuit Decision Limits the Ability to Prosecute Instances of Trading on Confidential Government InformationDOJ Concedes Error In Title 18 Insider Trading Convictions After Supreme Court’s “Bridgegate” Decision
Enforcement
Accelerated Pace and Increased Regulatory Expectations in Enforcement and Compliance InvestigationsU.S. Department of Justice Announces Revisions to Corporate Criminal Enforcement PolicyFDIC Continues Rulemakings Related to Misrepresentation in Advertising: Digital Asset Businesses Still in the Crosshairs
Financial Institutions
FinCEN Proposes Rule Regarding Access to Beneficial Ownership Information under the Corporate Transparency ActFDIC Continues Rulemakings Related to Misrepresentation in Advertising: Digital Asset Businesses Still in the CrosshairsFINCEN’s Corporate Beneficial Ownership Reporting Rule: Significance for Investment Advisers
FinTech
FDIC Continues Rulemakings Related to Misrepresentation in Advertising: Digital Asset Businesses Still in the CrosshairsOFAC and FinCEN Announce Joint Enforcement Action Against U.S.-Based Digital Asset ExchangeFDIC Issues Cease and Desist Letters to Companies for Crypto-Related Representations About Deposit Insurance
ICOs
SEC Issues Enforcement Action Against Unikrn, Inc. for its ICO, Prompting Rare Public Dissent from Commissioner Hester PeirceSEC Files First Suit Against Alleged Unregistered Broker-Dealer Operating in Digital Asset MarketsSEC Issues First ICO Enforcement Action Against a Self-Reporting Token Issuer
Latin America
DOJ Provides Updates on FCPA and Corporate Criminal Enforcement Trends at International Conference on the FCPAU.S. Department of Justice Announces Changes to Corporate Criminal Enforcement PoliciesSecond Circuit Upholds District Court’s Rejection of DOJ Attempt to Expand Extraterritorial Reach of FCPA Through Agency Liability
SEC Developments
SEC Releases Slate of Enforcement Actions Against Advisers Related to Custody Rule Violations and Form ADV DeficienciesSEC and DOJ Charge Employee of Digital Asset Trading Platform and His Associates With Alleged Insider Trading in Digital AssetsSEC Brings Robo-Adviser Case Against Charles Schwab for Misleading Clients About Hidden Costs
SEC Guidance
DOJ and SEC Charge Healthcare Executive With Insider Trading Through a Rule 10b5-1 Trading Plan, Marking DOJ’s First Such IndictmentSecond Circuit Decision Limits the Ability to Prosecute Instances of Trading on Confidential Government InformationAccelerated Pace and Increased Regulatory Expectations in Enforcement and Compliance Investigations
United States
DOJ and SEC Charge Healthcare Executive With Insider Trading Through a Rule 10b5-1 Trading Plan, Marking DOJ’s First Such IndictmentU.S. Attorney’s Offices Issue Nationwide Corporate Voluntary Self-Disclosure PolicySecond Circuit Decision Limits the Ability to Prosecute Instances of Trading on Confidential Government Information
Virtual Currency
FDIC Continues Rulemakings Related to Misrepresentation in Advertising: Digital Asset Businesses Still in the CrosshairsOFAC and FinCEN Announce Joint Enforcement Action Against U.S.-Based Digital Asset ExchangeSEC and DOJ Charge Employee of Digital Asset Trading Platform and His Associates With Alleged Insider Trading in Digital Assets
whistleblower
From Government Shutdown to COVID-19: SEC Enforcement Division Releases Final Chapter of Jay Clayton-led SECTask Force Led By Preet Bharara and Cleary Gottlieb’s Joon H. Kim Issues Report Recommending Reforms to Insider Trading LawCFTC Issues First Whistleblower Award Originating From Both a Related Action and a Company Outsider