On June 16, 2021, a Ninth Circuit panel revived in part a putative securities fraud class action against Alphabet for not disclosing a data privacy bug in the Google+ social network. The ...
The SEC filed an enforcement action involving a public company’s cybersecurity disclosure. The action highlights the need for executives responsible for SEC reporting to be informed pro...
The European Commission’s standard contractual clauses are the most widely used method by which personal data is lawfully transferred from the European Economic Area to countries, like ...
The House of Representatives has passed a bill on a bipartisan basis that would be the first statute directly banning insider trading in the securities markets. The bill largely would pr...
The Securities and Exchange Commission’s recent case against a registered broker-dealer for not filing Suspicious Activity Reports (SARs) reinforces the SEC’s focus on anti-money laun...
The U.S. federal banking agencies have issued an interagency statement addressing industry questions on model risk management and AML compliance. Specifically, the statement clarifies th...
Davis Polk partner Robert Cohen and associate Brook Jackling recently authored “A Call for Greater Clarity Around SEC Cooperation Credit” in Law360. In the article, they discuss why t...
The Financial Crimes Enforcement Network of the U.S. Department of the Treasury has begun a rulemaking to implement the beneficial ownership reporting provisions of the new Corporate Tran...
The use of artificial intelligence and machine learning (AI) in the financial sector has become a high priority for the U.S. financial regulators. In a rare event, five of them have joine...
Davis Polk partner Robert Cohen and associates Mikaela Dealissia and Will Schildknecht recently authored “SEC Data Transfer Safe Harbor Raises Questions for UK Companies” in Law360. I...
