USA financial services regulation

USA financial services regulation guidance:

Introduction to cybersecurity in financial services firms In the wake of continued escalations in phishing and denial of service attacks against banks and other financial...

Practice Note

This Practice Note is intended to give non-US legal practitioners a degree of familiarity with the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (the...

Practice Note

STOP PRESS: The Financial Choice Act, which was passed in US House of Representatives on June 2017 seeks in large part to undo many of the restrictive provisions of the...

Practice Note

Background to the Volcker Rule and implementation The rules which came about from the so-called Volcker Rule provisions of the Dodd-Frank Wall Street Reform and Consumer...

Practice Note

Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) brings many hedge funds and private equity funds under federal oversight for the...

Practice Note

Background to the Foreign Corrupt Practices Act The US Foreign Corrupt Practices Act (FCPA) is a broad and very well-enforced piece of legislation that has been well...

Practice Note

Background to the Dodd-Frank Act Following the financial crisis of the US capital markets in 2008, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010...

Practice Note

Introduction The US provisions which are most relevant to international issues of debt securities outside the US are: • the exemptions granted under Rule 144A and...

Practice Note

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a...

Practice Note

SEC Enforcement Cooperation Program In January 2010, the US Securities and Exchange Commission (SEC) announced a series of measures aimed at strengthening its enforcement...

Practice Note

Introduction to US financial services regulation The financial services industry in the US is heavily regulated by a myriad of different regulators at the state and...

Practice Note

The Investment Advisers Act of 1940 (Advisers Act) imposes a broad fiduciary duty on investment advisers registered with the Securities and Exchange Commission (SEC) to...

Practice Note

The restriction on insider trading What is insider trading? Insider trading is usually associated with illegal conduct. However, the term actually includes both legal and...

Practice Note

State securities regulators Apart from the Securities and Exchange Commission (SEC), which is an independent government agency charged with administering the federal...

Practice Note

Background and purposes of the Securities Exchange Act The Securities Exchange Act of 1934 (the Exchange Act or the 34 Act) was enacted on June 6, 1934. Unlike the...

Practice Note

A hedge fund seeking to attract US investors is subject to various federal securities statutes and their related regulations, including the Securities Act 1933, as...

Practice Note

Securities and Exchange Commission (SEC) What is the SEC? The SEC was created under the Securities and Exchange Act of 1934. This Act also amended and strengthened the...

Practice Note

Certain foreign companies that issue securities, or desire a secondary public trading market for their securities, in the United States face different registration and...

Practice Note