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A recent Reed Smith Client Alert discusses a June 2015 speech by Stephanie Brooker, Associate Director for Enforcement at the Financial Crimes Enforcement Network ("FinCEN").

A firm settled FINRA charges for failing to implement a supervisory system to ensure that firm employees' outside brokerage accounts were timely and sufficiently monitored.

A proprietary trading firm settled NYSE American LLC ("NYSE American") charges for incorrectly marking sell orders.

On February 12, the U.S. District Court for the Middle District of Florida upheld the CFPB's final rule applying mortgage-style requirements to Residential Property Assessed Clean Energy...

The California Financing Law requires that persons engaged in the business of making loans be licensed by the Department of Financial Protection & Innovation.

Recently, the FTC and California Department of Financial Protection (DFPI) sued several companies and owners for allegedly operating an illegal mortgage relief operation.

The GAO recommended changes in the federal review process for granting waivers from the requirement to obtain residential mortgage appraisals.

Earlier today, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act").

The United States District Court for the Eastern District of Kentucky recently held that a lender might have a professional negligence claim against a law firm when the law firm conducted a title search...

A recent decision by the United States Court of Appeals for the Third Circuit suggests steps that lenders who accept the assets of a borrower’s wholly-owned subsidiary as collateral should consider taking to reduce the likelihood of litigation in the event the lender must pursue the collateral.

Last week, the CFPB issued a warning letter to 44 mortgage lenders and brokers concerning possible violations related to their collection and reporting of mortgage data under the HMDA and Regulation C.

On April 21, 2015, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) announced a joint enforcement action and joint order with a national mortgage servicer.

It was announced earlier this week that an "all-star" commission is assembling to consider and recommend changes to the US Sarbanes-Oxley Act of 2002 and other restrictions applicable to companies that raise money in the US capital markets.

The Securities and Exchange Commission ("SEC") has adopted final rules regarding the electronic filing of Form D by issuers in private offerings pursuant to Regulation D under the Securities Act of 1933, as amended.

The SEC recently charged three former executives of the now-defunct digital pharmacy startup Medly Health Inc. with defrauding investors in a scheme that raised over $170 million.

On September 15, 2010, the Securities and Exchange Commission issued a final rulemaking release that eliminates the requirement for newly public companies and smaller public companies (i.e., non-accelerated filers)1 to include auditor attestation reports with respect to internal control over financial reporting in their annual reports.

As we previously reported, in May 2010 the SEC staff applied an unannounced, recently-adopted policy to prohibit a former special purpose acquisition company (SPAC) from conducting an offering on Form S-3, because it had not been an operating company for at least 12 months.