Christopher Kelly

1 week ago | csglaw.com | Lisa M. Colone |Christopher Kelly

CSG Law Alert: What is FINRA’s Threshold for Deciding Whether a Matter Should Be Referred to Enforcement? The Commodity Futures Trading Commission (CFTC) recently announced that, going forward, the CFTC’s operating divisions would refer only “material” violations to the CFTC’s Division of Enforcement. What are “material” violations?

2 weeks ago | csglaw.com | Lisa M. Colone |Christopher Kelly

CSG Law Alert: Does a Recent Settlement Signal a Change in FINRA’s Approach to Charging Violations of FINRA’s Private Securities Transaction Rule? Is a broker-dealer required to “supervise” representatives’ outside investment advisory activities? For years, FINRA has struggled to answer this question. However, a recent FINRA settlement may shed light on FINRA’s current approach.

1 month ago | jdsupra.com | Christopher Kelly |Rachel J. Lamorte |Gail F. Levine

THE UPSHOT, FOR BUSY PEOPLE: On March 18, 2025, Commissioner Rebecca Kelly Slaughter and Commissioner Alvaro Bedoya, who hold the two Democratic seats on the Federal Trade Commission (“FTC”) were informed that President Donald Trump was removing them from the FTC. Both commissioners are contesting the dismissals. For more than a month, the five-member FTC has been one Republican commissioner short, leaving Chairman Andrew Ferguson without a majority.

1 month ago | inquirer.com | Christopher Kelly

One of the first pieces of legislation Sen. Dave McCormick has introduced focuses on stopping fentanyl distribution. Perhaps this topic is not surprising given that Pennsylvanians — and Philadelphians, in particular — have been hit hard by the opioid crisis.

1 month ago | csglaw.com | Christopher Kelly

Securities Industry and Financial Markets Association: The Rising Tide of Cybersecurity Enforcement and ThreatsOn March 24, from 10:05 – 11:05 am, Christopher J. Kelly, Chair of the CSG Law Securities Enforcement Group, will serve as a moderator at the 2025 Securities Industry and Financial Markets Association (SIFMA) C&L Annual Seminar in Austin, Texas.