On 3 March 2021, the review of the UK listing regime chaired by Lord Jonathan Hill published its recommendations to the Chancellor of the Exchequer, Rishi Sunak, on how the UK can enhance...

Three data breach enforcement examples, two under the GDPR and one in the U.S., highlight differences across the Atlantic in the mechanics of fines and civil penalties, including how and ...

Yesterday, the SEC released a statement on climate change disclosures. The statement directs the SEC staff to review company disclosures against its 2010 climate change disclosure guidanc...

Industry Update SEC Issues No-Action Relief under Section 17(f) of Investment Company Act and Rule 17f-2 SEC Requests Comments on Potential Money Market Fund Reforms Acting Chair Al...

Industry Update SEC Requests Comments on Potential Money Market Fund Reforms Acting Chair Allison Herren Lee Issues Statements on Empowering Enforcement and Contingent Settlement Offe...

Parties considering whether to settle an SEC enforcement investigation or criminal proceeding have a reasonable expectation that they will know the likely consequences of a settlement.  T...

In recent months, the Hong Kong Stock Exchange has stepped up its scrutiny of investments by Hong Kong-listed companies in various types of short-term investment products. Importantly, bu...

In a recently issued administrative order, the SEC implicitly acknowledged that the limiting principles for disgorgement that the Supreme Court outlined in Liu v. Securities and Exchange ...

There is a broad consensus that the MMF reforms adopted in the wake of the 2008 crisis have not fully achieved their intended aims. A report released by the President’s Working Group on...

Many have anticipated that the Biden Administration and Democratic-controlled Congress would push for changes in antitrust enforcement policy, particularly with respect to mergers.  There...