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Sep 27, 2024 | 
law360.com | Michelle N. Tanney |Kevin S Edgar |Isabelle Corbett Sterling
By Michelle Tanney, Kevin Edgar and Isabelle Sterling (September 27, 2024, 3:18 PM EDT) -- On Sept. 12, the U.S. District Court for the District of Columbia ruled that the U.S. Commodity Futures Trading Commission exceeded its statutory authority in preventing KalshiEx LLC, a regulated exchange and prediction market startup, from offering derivatives contracts that take positions and trade on the outcome of the 2024 U.S. congressional elections....
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Sep 27, 2024 | 
law360.co.uk | Michelle N. Tanney |Kevin S Edgar |Isabelle Corbett Sterling
By Michelle Tanney, Kevin Edgar and Isabelle Sterling (September 27, 2024, 3:18 PM EDT) -- On Sept. 12, the U.S. District Court for the District of Columbia ruled that the U.S. Commodity Futures Trading Commission exceeded its statutory authority in preventing KalshiEx LLC, a regulated exchange and prediction market startup, from offering derivatives contracts that take positions and trade on the outcome of the 2024 U.S. congressional elections....
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Sep 19, 2024 | 
lexology.com | Michelle N. Tanney |Kevin R. Edgar |Isabelle Corbett Sterling |Jamie Reiner
Key TakeawaysOn September 12, the U.S. District Court for the District of Columbia ruled that the U.S. Commodity Futures Trading Commission (CFTC or Commission) exceeded its statutory authority in preventing KalshiEX LLC (Kalshi), a regulated exchange and prediction market startup, from offering derivatives contracts that take positions and trade on the outcome of the 2024 U.S. congressional elections.
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May 16, 2024 | 
jdsupra.com | Isabelle Corbett Sterling |Michelle N. Tanney
Key Takeaways On May 1, 2024, the U.S. Commodity Futures Trading Commission (“CFTC” or the “Commission”) announced Dr. Ted Kaouk as the Commission’s first Chief Artificial Intelligence (“AI”) Officer. As part of his mandate, Dr. Kaouk will seek to identify how AI can be used to improve the CFTC’s oversight and enforcement responsibilities. Dr. Kaouk’s appointment is one of several technology initiatives at the Commission, all of which are focused on maintaining dialogue with the public.
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Aug 11, 2023 | 
discoveryadvocate.com | Edward Jacobs |David Choi |Michelle N. Tanney
BlogDiscovery AdvocateNews, Developments and Practical Advice on eDiscovery in the trenches of Litigation
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Aug 11, 2023 | 
lexology.com | Edward Jacobs |David Choi |Michelle N. Tanney
Financial Regulators Continue Focus on Off-Channel CommunicationsOn Aug. 8, the Securities and Exchange Commission (SEC) announced it had imposed $289 million in fines on 10 broker-dealers for violating recordkeeping provisions of federal securities laws. Similarly, the Commodity Futures Trading Commission (CFTC) announced on the same day that it had imposed $260 million in fines on four CFTC-registered firms for violating CFTC recordkeeping rules.
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Aug 8, 2023 | 
today.westlaw.com | Jonathan A. Forman |Teresa Goody Guillén |James Sherer |Michelle N. Tanney
(August 16, 2023) - BakerHostetler partners Jonathan A. Forman, Theresa Goody Guillén, James Sherer and Michelle N. Tanney consider a rule proposed by the Securities and Exchange Commission that seeks to address issues arising from securities professionals' use of artificial intelligence.
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Jul 24, 2023 | 
lexology.com | Jonathan A. Forman |Craig Hoffman |Michelle N. Tanney
Key TakeawaysSince 2022, the U.S. Securities and Exchange Commission (SEC) has proposed several cybersecurity rules applicable to numerous regulated entities that, if adopted, would impose quick notification obligations and heightened disclosure requirements. Amid significant pushback during the public comment period, the SEC announced it would delay issuance of these rules, which are now expected to be finalized in October 2023 and April 2024.
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Jul 21, 2023 | 
jdsupra.com | Adam Cohen |Jonathan Barry Forman |Michelle N. Tanney
Key Takeaways Since 2022, the U.S. Securities and Exchange Commission (SEC) has proposed several cybersecurity rules applicable to numerous regulated entities that, if adopted, would impose quick notification obligations and heightened disclosure requirements. Amid significant pushback during the public comment period, the SEC announced it would delay issuance of these rules, which are now expected to be finalized in October 2023 and April 2024.
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May 25, 2023 | 
lexology.com | John Carney |Teresa Goody Guillén |Veronica Reynolds |Michelle N. Tanney |Joanna F. Wasick
TakeawaysOn May 3, 2023, a jury found a former NFT marketplace manager guilty of wire fraud and money laundering for his misuse of “confidential business information” with the intent to profit off the sales of certain NFTs and for his efforts to conceal his unlawful actions.
