-
Oct 22, 2024 | 
winchesterstar.com | Brian Daly
BRIAN DALYVice President Kamala Harris is seeking the presidency of the United States. Let’s review her time in her current position. Within the first week of the Biden administration, she and President Joe Biden overturned 94 existing immigration policies, therefore opening up the entire southern border. Indeed, in March 2021, only two months into their term, Biden appointed Harris as his “border czar” and hence the entire border disaster is chiefly on her.
-
Sep 16, 2024 | 
mondaq.com | Brian Daly |Jason Daniel |Barbara Niederkofler |Jan-Paul Bruynes
On September 12, 2024, the Commodity Futures Trading Commission
(CFTC) finalized the first major changes to CFTC Regulation 4.7
(Rule 4.7) in over 30 years. Among other technical revisions, the
amendments to Rule 4.7, generally double the monetary thresholds
for certain investors, including natural persons, to be
"Qualified Eligible Persons" (QEPs) under Rule 4.7 and
allow commodity pool operators (CPOs) of funds of funds additional
time to provide periodic account statements.
-
Sep 13, 2024 | 
akingump.com | Jan-Paul Bruynes |Brian Daly |Jason Daniel |Barbara Niederkofler
On September 12, 2024, the Commodity Futures Trading Commission (CFTC) finalized the first major changes to CFTC Regulation 4.7 (Rule 4.7) in over 30 years. Among other technical revisions, the amendments to Rule 4.7, generally double the monetary thresholds for certain investors, including natural persons, to be “Qualified Eligible Persons” (QEPs) under Rule 4.7 and allow commodity pool operators (CPOs) of funds of funds additional time to provide periodic account statements.
-
Jul 22, 2024 | 
mondaq.com | Jason Daniel |Brian Daly
AG
Akin Gump Strauss Hauer & Feld LLP
More
Akin is a law firm focused on providing extraordinary client service, a rewarding environment for our diverse workforce and exceptional legal representation irrespective of ability to pay. The deep transactional, litigation, regulatory and policy experience we bring to client engagements helps us craft innovative, effective solutions and strategies.
-
Jul 14, 2024 | 
winchesterstar.com | Brian Daly
Hopefully all Americans, Democratic or Republican, can breathe a sigh of relief that the assassination attempt on the life of former President Trump failed. Thanks to the immediate action of the Secret Service on the stage who quickly shielded President Trump's body and whisked him to safety. However, all that being said, several serious questions have arisen over obvious security shortcomings at this event.
-
Jun 3, 2024 | 
mondaq.com | Caroline D. Kessler |Craig B. Bleifer |Reggie Babin |Brian Daly
On May 16th, the U.S. Drug Enforcement Administration
(DEA) issued a Notice of Proposed Rulemaking (NPRM) to initiate the
rescheduling of marijuana from a Schedule I to a Schedule III
drug.1The NPRM, which was published in the
Federal Register on May 21st, is the first step of a formal
rulemaking process required by the Controlled Substances Act (CSA)
for rescheduling a controlled substance. This process, as detailed
below, will likely include a public hearing before any final rule
is published.
-
May 17, 2024 | 
jdsupra.com | Brian Daly |Nnedinma Ifudu Nweke |James C. Munsell
Key Points On May 13, 2024, the U.S. Securities and Exchange Commission (“SEC”) and the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a joint notice of proposed rulemaking, Customer Identification Programs for Registered Investment Advisers and Exempt Reporting Advisers (“Joint NPRM”), that would require SEC-registered investment advisers (“RIAs”) and exempt reporting advisers (“ERAs”) to establish, document and maintain written customer...
-
Apr 22, 2024 | 
mondaq.com | Peter Altman |Michael Asaro |Brian Daly |Jason Daniel
On April 12, 2024, the U.S. Securities and Exchange Commission
imposed fines and other sanctions on five registered investment
advisers (RIAs) for violations of the Investment Adviser Marketing
Rule (Rule 206(4)-1), which has now been in effect for nearly a
year and a half. All five firms agreed to settle the SEC's
charges, resulting in aggregate fines of $200,000.
Hypothetical Performance. Each of the
settled cases focused on a single hypothetical performance-related
deficiency.
-
Apr 12, 2024 | 
mondaq.com | Peter Altman |Michael Asaro |Charles Connolly |Brian Daly
On April 3, 2024, the U.S. Securities and Exchange Commission
(SEC) announced its first enforcement action against
a registered investment adviser (RIA) with no ties to a
broker-dealer regarding so-called "off-channel"
communications—that is, communications sent away from
firm-captured devices and/or firm-approved communications
platforms.
-
Apr 12, 2024 | 
mondaq.com | Peter Altman |Michael Asaro |Brian Daly |Katherine Goldstein
On Friday, April 5, 2024, a San Francisco jury found the
defendant liable in SEC v. Panuwat, the closely watched
litigated enforcement action brought by the U.S. Securities and
Exchange Commission (SEC) relating to so-called "shadow
trading." The jury reached its verdict following an eight-day
trial and with less than three hours of deliberation.
