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Section 6751(b) of the tax code requires written approval by an IRS supervisor after an initial determination by an agency employee to assess a penalty on a taxpayer. The broad language o...
Rules and Regulations
SEC Staff Grants No-Action Relief Allowing Community Capital Management to Serve as Investment Adviser for a Period of Time Without a Majority Vote
Industry Update...
Industry Update
Chairman Jay Clayton Provides Remarks at the “SEC Speaks” Conference
Commissioner Peirce Speaks at SEC Speaks: SECret Garden
How We Protect Retail Investors: Director...
There are two kinds of guidances, according to recently appointed Principal Deputy Associate Attorney General Claire McCusker Murray, which should be treated quite differently.[1] Her ex...
On May 21, 2019, the Department of Commerce published a final rule adding Huawei Technologies Co. Ltd and 68 of its non-U.S. affiliates located in 26 countries (collectively, “Huawei”...
On May 20, 2019, the U.S. Supreme Court issued a significant decision in Mission Product Holdings, Inc. v. Tempnology, LLC, holding that the rejection of a trademark license in bankruptcy...
The House Financial Services Committee unanimously recommended to the full House on May 9, 2019 a bill that would reform the U.S. anti-money laundering (AML) regime. H.R. 2514, the Coord...
The SEC is taking another potential step to ease the reporting burden on smaller companies. Under a rule change proposed May 9, companies with less than $100 million in revenues would not...
On Friday, the SEC proposed a package of rule amendments and regulatory guidance regarding the cross-border application of its security-based swap (“SBS”) rules. The proposal represe...
On May 13, 2019, the Supreme Court issued a 5-4 decision in Apple v. Pepper, holding that iPhone users have standing as “direct purchasers” under the Illinois Brick doctrine to sue Ap...