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Though it is unclear what the Supreme Court will decide, Chief Justice Rabner noted during oral argument that previous case law may have left open the possibility of disgorgement without a showing of economic damages.

The 130-page guide discusses such topics as who and what is covered by the FCPA’s anti-bribery and accounting provisions.

On August 17, 2015, the SEC announced that two Citigroup affiliates agreed to bear the costs of distributing $180 million in settlement funds to harmed investors.

The Financial Crimes Enforcement Network ("FinCEN"), the US Department of the Treasury bureau responsible for combating money laundering and terrorist financing, has been by far the most impactful federal regulator of Bitcoin and other virtual currency.

mplementation of the U.K. Bribery Bill (discussed in our update of April 6, 2010) has been postponed for nine months while the government evaluates comments to the Bill raised by various business constituencies.

In a guest column they penned for Law360, McGuireWoods lawyers J. Patrick Rowan and Jeffrey M. Hanna discuss an $8 million civil penalty the Financial Crimes Enforcement Network imposed on Caesars Palace for violations of the Bank Secrecy Act.

The Financial Crimes Enforcement Network ("FinCEN") extended previously granted relief that temporarily exempts certain products and services from the Beneficial Ownership Rule.

FINRA cautioned investors on the risks associated with binary options and offered guidance on how to avoid certain frauds.

Two former traders of a commodity merchandising firm settled CFTC charges for attempting to manipulate the price of wheat futures and options contracts traded on the Chicago Board of Trade.

On November 2, 2016, the Financial Conduct Authority announced that Mark Alexander Lyttleton had pleaded guilty to two counts of insider dealing at Southwark Crown Court.

This case illustrates that the misconduct involved in spoofing may also provide the basis for a charge of price manipulation.

The Federal Reserve Board ("FRB") announced on April 5 that it had entered into six separate consent orders with individuals who were previously employed at a state member bank...

The Supreme Court stated clearly that the mere fact that a person receives material nonpublic information and then executes a trade based on that information does not constitute a crime.

On March 20, U.S. District Judge Paul G. Gardephe of the Southern District of New York granted in part and denied in part Defendants’ motion to dismiss a complaint filed by several HSH Nordbank affiliates...

In recent years, the industry has seen various types of foreclosure rescue fraud perpetrated against borrowers, lenders, and servicers.

On February 6, 2015, Judge Stanley Chesler of the United States District Court for the District of New Jersey granted in part and denied in part Bank of America's motions to dismiss two related cases...

On October 11, Royal Park Investments SA/NV sued several Royal Bank of Scotland (RBS) entities in New York state court over its purchase of $1.6 billion worth of residential mortgage-backed securities.