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Financial Markets And Funds Quick Take
On February 7, the Securities and Exchange Commission (SEC) announced its inspection priorities for the current year. The announcement began by noting that the SEC examined 15 percent...
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SEC Extends Compliance Date For Certain Requirements Of The Market Access Rule
On June 27, 2011, the Securities and Exchange Commission (SEC) extended the compliance date for certain requirements of Rule 15c3-5 (the "market access rule") under the Securities Exchange Act of 1934.Katten - Article
The Joint Commission's 2025 Accreditation Overhaul: What Healthcare Organizations Need To Know
On June 30, the Joint Commission announced it is transforming its accreditation process, promising a more streamlined, relevant, and supportive process for hospitals and healthcare organizations.Katten - Article
FinCEN Finalizes 2028 Compliance Date For Adviser AML Programs
On December 31, 2025, the US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) finalized a two‑year delay of the effective date for the anti-money...Katten - Article
New York's Proposed 'Fashion Sustainability And Social Accountability Act': Where It Stands Now
In our inaugural Katten Kattwalk/Kattison Avenue joint issue, we reviewed the implications of New York's proposed "Fashion Sustainability and Social Accountability Act"...Katten - Article
Would You Hire A Monkey To Write Your Ad Copy?
If you sit a group of monkeys down in front of typewriters and allow them to hit the keys at random for an infinite amount of time, you'll almost surely have the next Netflix pilot...Katten - Article
OFAC Issues License Allowing Maduro’s Criminal Defense Counsel To Be Paid By Government Of Venezuela, And Then Revokes It
In a development that implicates the tension between the rights of criminal defendants to be represented by counsel of their choice, and the right of the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”)...Katten - Article
California Attorney General Pushes To Uphold State's Age-Appropriate Design Code
On December 13, 2023, California Attorney General Rob Bonta filed a brief in the Ninth Circuit Court of Appeals in defense of California's Age-Appropriate Design Code.Katten - Article
FTC Secures $18.5 Million Settlement And Order In Another "Dark Patterns" Case
On the heels of its lawsuit against Amazon.com, the FTC filed a complaint yesterday against PCH, the marketer behind the venerable Publishers Clearinghouse organization.Katten - Article
5 Tips For Reducing Identity Theft Risk
Identity theft and cybercrime are now a multi-billion dollar industry causing severe harm to the individuals affected and the institutions we trust. In recognition of this unfortunate truth...Katten - Article
California Regulator Opens Comment Period For Latest Round Of Privacy Regulations
On November 22, 2024, the California Privacy Protection Agency (CPPA) opened the formal public comment period for its latest proposed rulemaking package.Katten - Article
Illinois' Highest Court Holds That BIPA Claims Are Subject To A Five-Year Statute Of Limitations, Not One Year
In a significant shift in law, the Illinois Supreme Court recently held that all claims under the Biometric Information Privacy Act (BIPA) are subject to a five-year statute...Katten - Article
NIST Releases Privacy Workforce Taxonomy Public Draft
On November 21, 2024, the NIST Privacy Framework Team released the NIST Privacy Workforce Taxonomy, Initial Public Draft (IPD). The Privacy Workforce Taxonomy IPD contains Task, Knowledge, and Skill Statements.Katten - Article
WSJ PPLI Commentary — The Journal Got a Few Things Right
Private placement life insurance (PPLI) has been characterized as a tax loophole for the ultra-wealthy, but is that characterization accurate? This analysis examines the mechanics, regulatory framework, and evolving accessibility of PPLI, challenging common misconceptions about how these insurance products actually work and who can benefit from them.Katten - Article
CFTC Withdraws Pair Of Advisories On Heightened Review Approach To Digital Asset Derivatives (Video)
On March 28, the staff of the Commodity Futures Trading Commission (CFTC) issued two press releases announcing the withdrawal of two previous advisories that reflected the agency's heightened...Katten - Article
FDIC Requires Reporting Of Crypto-Related Activities
Any Federal Deposit Insurance Corporation (FDIC)-supervised institution that is considering engaging in crypto-related activity must now notify the FDIC of its intent and provide all necessary information...Katten - Article
NAD Following FTC's Footsteps In AI Regulation
During the recent ANA Advertising Law 1-Day Conference at Katten's New York office, Laura Brett, Vice President of the National Advertising Division (NAD) at BBB National Programs, ...Katten - Article
New SEC Cybersecurity Rules Begin To Take Effect
On May 16, 2024, the Securities and Exchange Commission (SEC) unanimously approved amendments to Regulation S-P, which imposes new rules relating to cybersecurity breaches...Katten - Article
NYDFS Cybersecurity Regulation Deadlines Approaching On April 15 And April 29
On November 1, 2023, the New York State Department of Financial Services (NYDFS) amended its cybersecurity regulation, 23 NYCRR 500 (or Part 500). NYDFS has published guidance on the implementation...Katten - Article
The ID-SMA Is No Longer A Concept — It Is A Robust Structure
The insurance-dedicated separately managed account market has reached a critical inflection point, moving from theoretical concept to scaled implementation for ultra-high-net-worth clients and family offices. As distribution channels expand across broker-dealers, independent RIAs, and major bank platforms, the competitive landscape is being reshaped by operational infrastructure and multi-channel accessibility rather than investment performance alone.Katten