INDUSTRY UPDATE Changes to New York Law Governing Powers of Attorney Effective September 1, 2009 SEC, CFTC Hold Joint Meetings on Regulatory Harmonization SEC, FINRA Issue Warning to...

At a meeting of the Board of Directors of the FDIC on August 26, 2009, the FDIC adopted a Final Statement of Policy on Qualifications for Failed Bank Acquisitions. The final policy statem...

On August 28, 2009, the staff (the “Staff”) of the Division of Trading and Markets of the Securities and Exchange Commission released updates to its Regulation SHO FAQs, providing gui...

The federal antitrust regulators, the Federal Trade Commission (“FTC”) and the Antitrust Division of the Department of Justice (“DOJ”) continue to focus their enforcement efforts ...

In a ruling issued last week, Bankruptcy Judge Allan L. Gropper of the Southern District of New York denied motions to dismiss the Chapter 11 cases of certain “bankruptcy-remote” spec...

On August 11, 2009, the Obama Administration released the “Over-the-Counter Derivatives Markets Act of 2009” (the “Proposed Bill”), sweeping legislation that for the first time wo...

We appreciate this opportunity to comment on the Federal Deposit Insurance Corporation’s (the “FDIC”) proposed Statement of Policy on Qualifications for Failed Bank Acquisitions (th...

Taxpayers have been struggling to comply with their reporting obligations for foreign financial accounts because of informal statements by IRS officials in June suggesting that the obliga...

In a speech at the New York City Bar yesterday evening, Robert Khuzami, Director of Enforcement of the Securities and Exchange Commission, announced a number of significant changes to Enf...

LITIGATION Two Decisions Highlight Uncertainty of Section 10(b) Liability SEC Sanctions Ram Capital for Violating Broker Registration Requirements SEC, Perry Capital Settle Disclosur...