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Corporate Counsel

Wells Fargo and Bank of America Agree to Pay Combined $60 Million to Settle SEC Probe

In the enforcement actions announced Friday, the regulator said the two firms agreed to settle the charges without admitting or denying any wrongdoing.
2 minute read

Corporate Counsel

'True Leadership Is About Putting Others First': 2024 In-House Award Winners Inspired, Took Road Less Traveled

Among the honorees were Don Liu of Target and Sam Khichi of CVS, who immigrated to the United States as children and were determined to make the most of the opportunities their parents provided. As an elementary school student, Khichi worked at his father's dry cleaning store and sold greeting cards door to door.
8 minute read

New York Law Journal

Morgan Stanley Hit With $15M Fine After Advisers Take Millions

The U.S. Securities and Exchange Commission said that Morgan Stanley failed to detect hundreds of unauthorized transfers that occurred between May 2015 and July 2022 and to “reasonably supervise” its employees.
2 minute read

Corporate Counsel

After Fining Investment Firms Billions for Lost Text Messages, Regulators Turn Scrutiny to Audio Recordings

"Audio continues to be an important form of communications, and you have retain and preserve those communications," said James Sherer, a partner at BakerHostetler.
4 minute read

Corporate Counsel

Lowenstein Hires Ex-FTX US General Counsel Ryne Miller to Lead Its Commodities, Derivatives Practice

Miller "has served on the front lines of the digital currency revolution, having been an essential and trusted adviser to many builders in the crypto ecosystem," said Ethan Silver, a partner at Lowenstein Sandler.
3 minute read

Corporate Counsel

California DOJ Fines Robinhood $3.9M in First-Ever Crypto Enforcement Action

The company, which also is facing a U.S. Securities and Exchange Commission inquiry, finds itself in regulators' crosshairs despite legal chief Dan Gallagher's pledge to improve the company's compliance culture and work collaboratively with regulators.
3 minute read

Corporate Counsel

FINRA Hires Senior JPMorgan Chase Attorney to Lead Beefed-Up Enforcement Team

Julie Glynn is boomeranging back to FINRA, where she spent seven years as an enforcement attorney before joining the banking giant in 2011.
3 minute read

Corporate Counsel

Financial Firms Hindering Growth by Keeping In-House Lawyers Out of Strategy Meetings, Study Finds

"Today's accelerated speed of regulatory and legal change means that business leaders need to boost their ability to track market forces and lean on legal advisers to look ahead," said Raj De, a Mayer Brown partner.
3 minute read

Daily Business Review

Yacht Broker Says It 'Has Done Nothing Wrong.' Asks Miami Court to Dismiss the Case

"there is no scheme, no contract, no combination, nor a conspiracy," said one defendant of the antitrust litigation.
5 minute read

Law.com

National Association of Realtors Reaches $418M Settlement to Resolve Antitrust Class Actions

"Probably the largest transaction that people will make is buying or selling a home, so for most Americans, being able to save a significant amount of money in connection with that transaction is really meaningful, and it's one of the reasons I wanted to work on this," Plaintiffs' attorney, Robert A. Braun of Cohen Milstein Sellers & Toll, told Law.com.
4 minute read

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