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National Law Journal

'Jarkesy' Ruling Could Affect Agencies Beyond the SEC, Administrative Law Professors Say

In her dissent, Justice Sonia Sotomayor wrote that "the constitutionality of hundreds of statutes may now be in peril, and dozens of agencies could be stripped of their power to enforce laws enacted by Congress."
4 minute read

National Law Journal

Chevron's Demise Could Affect Agency Rulemaking Agendas, Say Law Professors, Regulatory Attorneys

"This is just another example of a court that is highly skeptical of power being exercised by administrative agencies," said Cary Coglianese, a University of Pennsylvania law professor.
3 minute read

International Edition

Bar Council of India to Amend Rules to Help Open Up the Market for UK Legal Entities

Law firms have been waiting for more clarification on the rules before moving in to India, which now says it will notify amendments by the end of July.
4 minute read

Corporate Counsel

Citigroup Deputy GC to Join HSBC as US General Counsel

Curtis Tao is taking the legal reins of the U.S. outpost of HSBC, the largest bank in Europe. He's held key roles at both Citi and Goldman Sachs.
2 minute read

National Law Journal

FTC Defends Investigation Into Cyberattack on MGM as Casino Giant Seeks to Block Probe

"MGM's suit fails ... both for lack of subject matter jurisdiction and for failure to state a claim for relief," the commission tells the U.S. District Court for the District of Columbia.
3 minute read

National Law Journal

SEC Should Engage Public When Proposing Rules That Exceed Agency Expertise, Former Chair Says

"You need to be more and more careful about engagement the further afield from your expertise the rulemaking is," Jay Clayton said.
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

Texas Lawyer

Texas Law Shot Down: No More Shielding Non-Commercial Gun Silencers

Texas did not establish a valid quasi-sovereign interest because it has no self-interest "apart from the interests of particular private parties," the U.S. Fifth Circuit ruled.
4 minute read

National Law Journal

Ex-SEC Commissioners on Crypto Legal Showdowns, Regulatory Rifts

"At one point, I penned an op-ed that I am not going to publish," said Dan Gallagher, chief legal officer for Robinhood Markets Inc. "It was called, 'I asked for a registration and I got a Wells Call.'"
4 minute read

Corporate Counsel

Ex-SEC Commissioners Fear Agency's AI Regulation Will Be Ham-Handed

"Let's not try to use enforcement to cause folks to pull back and not offer these services. I think that's the challenge," said Robinhood Markets legal chief Dan Gallagher, an SEC commissioner from 2011 to 2015.
6 minute read

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