The July 21 Volcker rule compliance date is approaching rapidly. While most affected firms have completed the year-plus long process of analyzing their activities in light of the rule’s...

Broker/dealers are frequently asked to make payments to finders, service providers and other intermediaries in connection with securities transactions or services. Effective Aug. 24, 2015...

Over the past 10 to 15 years, lien subordination and tiering has moved from the periphery of the finance markets to the very heart of U.S.-based leveraged finance. Whereas the predominant...

The SEC plans to vote on a proposal on March 25 to amend Exchange Act Rule 15b9-1, which currently enables a certain group of limited business broker-dealers to avoid FINRA membership. In...

Interest in the DIP financing market on the part of both traditional bank lenders and a new class of institutional investors has continued to increase in recent years, as market participa...

  The paper analyzes the various structural solutions proposed by regulators in the U.S., U.K. and the European Union presented as the key to solving the problem of “too big to fail” ...

The ABI Commission’s report on Chapter 11 reform is starting a controversial conversation. Attorneys Damian S Schaible and Kevin J. Coco discuss specific proposals that will affect secu...

On Feb. 9, the SEC proposed a long-awaited rule on disclosure of company equity hedging policies, as required by the Dodd-Frank Act (13 CARE 321, 2/13/15) (13 CARE 376, 2/20/15). The prop...

Bernie Madoff’s investment firm, Bernard L. Madoff Investment Securities LLC (Madoff Securities), famously imploded in December 2008 under the weight of the largest Ponzi scheme in U.S....

Favourable market conditions have led to a recent rise in PIPE deals. In this article, Paul Chow and Miranda So of Davis Polk answer your burning questions and give their thoughts as to w...