Business Organization, Finance & Banking, Privacy

Big Regulation’s Big Data

by Richik Sarkar on 5/8/2013

In March 2012, the Obama Administration announced its Big Data Research and Development Initiative. The program involves a total of over $200 million in new commitments from several departments and agencies to improve the...more

“Red Flag” Compliance Requirements Come to Investment Advisors, Broker-Dealers

by Mintz Levin - Privacy & Security on 4/12/2013

It has been several years since the Federal Trade Commission’s Red Flag Rule took effect; and the banking regulators have had the Red Flag Interagency Guidance in place since 2007. Finally, entities regulated by the...more

Cybersecurity Disclosure: A Panel Discussion with the SEC’s Division of Corporation Finance

by Mintz Levin - Privacy & Security on 4/9/2013

Last week in Washington, D.C., this author had the opportunity to sit in on a panel discussion by the SEC’s Division of Corporation Finance (“CorpFin”) discussing, among other things, recent developments in cybersecurity...more

To the Nation’s Largest Banks: Thanks for Reading

by Mintz Levin - Privacy & Security on 3/13/2013

It seems that some of the nation’s largest public company banks must be avid readers of this blog and have taken to heart our 2013 prediction that the SEC would require greater disclosure related to data security risks and...more

You’ve Got Mail: Senator Rockefeller Sends Letter to CEOs re: Cybersecurity….Reply Requested

by Mintz Levin - Privacy & Security on 9/20/2012

Senator John D. Rockefeller IV (D., W.Va.) recently sent a letter to the CEOs of all Fortune 500 companies asking the companies for more information about their cybersecurity practices. The letter comes a month after Senate...more

Subscription Business Models May Raise Revenue, But Also Holds Privacy And Security Risks

by Robert Freedman - Partner at Tharpe & Howell,... on 9/14/2012

These days everyone subscribes to something. Whether you’re a consumer or a business, the goods and services you depend on or enjoy on a regular basis are often available by subscription. Subscribers prefer the low...more

Court Rules on What is “Commercially Reasonable” Bank Security

by Mintz Levin - Privacy & Security on 7/19/2012

Small business owners have new hope that they may be on the same footing as individuals when it comes to cybertheft from their bank accounts. ...more

The Evolving Obligations of Public Companies to Disclose Cyber-Intrusions

by Cadwalader, Wickersham & Taft LLP on 7/9/2012

Public companies have struggled with the question of whether a cyber-intrusion triggers an obligation under the federal securities laws to disclose the intrusion to investors in a public filing. While the SEC has provided...more

It's Your Business Newsletter -- July 2012

by McNees Wallace & Nurick LLC on 7/6/2012

In This Issue: Preventing Or Responding To Data Security Breaches: Is Your Information Safe?; Successor Liability – Not Your Problem, Or Is It?; and Jobs Act Opens Up New Capital Raising Alternatives for Private...more

The Facebook IPO and Disclosure of Cybersecurity and Privacy Risks: Tips and Lessons for Practitioners

by Mintz Levin - Privacy & Security on 4/24/2012

Originally published by Bloomberg Finance L.P. in the Vol.6, No. 12 edition of the Bloomberg Law Reports—Securities Law. The Facebook, Inc. (Facebook) initial public offering last month was probably the most...more

FinCEN Proposes New Customer Due Diligence Requirement

by Victoria Holstein-Childress on 3/28/2012

On Feb. 29, 2012, the Financial Crimes Enforcement Network (FinCEN) issued an advance notice of proposed rulemaking (ANPR) seeking comments on a proposed customer due diligence (CDD) regulation that would explicitly require...more

Invasion of Privacy in Condominiums

by Heenan Blaikie LLP on 2/3/2012

A recent case before the Ontario Court of Appeal dealing with the privacy of a Bank customer's personal information, may have some interesting applications for condominium corporations and property managers across...more

The SEC Focuses on Cyber Security and Related Disclosure Requirements

by White & Case LLP on 12/21/2011

Over the course of the last several years, corporations have faced the threat of cyber risk and the occurrence of cybersecurity incidents with more and more frequency. As a result, public companies have begun to report cyber...more

Cybersecurity and the Public Company: Keeping Your Disclosures Safe and Sound After Cyber Monday

by Manatt, Phelps & Phillips, LLP on 12/8/2011

Click here if you would like to have your personal financial information compromised and your credit card numbers shared with criminals around the world. Such are the implicit invitations many of us receive on a regular basis...more

Confidentiality in the BVI and Cayman Islands

by Harney Westwood & Riegels on 11/4/2011

The issue of confidentiality in offshore financial centres is high on the agenda in the financial press. Whether it is banking secrecy or the disclosure requirements governing the establishment of offshore companies and...more

Cybersecurity Risks and Events Receive SEC Attention—Disclosure Guidance From Corp Fin

by White & Case LLP on 11/3/2011

The US Securities and Exchange Commission’s Division of Corporate Finance (“Corp Fin”) recently released guidance regarding the obligation of a publicly traded company or issuer to disclose cybersecurity risks and incidents....more

SEC Issues Cyber Incident Disclosure Guidance

by Ropes & Gray LLP on 10/24/2011

On October 13, 2011, the United States Securities and Exchange Commission released guidance from the Division of Corporation Finance (Division) addressing the appropriate disclosure of cybersecurity risks and cyber incidents....more

SEC Staff Issues Guidance Regarding Cybersecurity Risks And Incidents Disclosure

by Loeb & Loeb LLP on 10/19/2011

The Staff of the Securities and Exchange Commission’s Division of Corporate Finance has issued guidance regarding disclosure of risks of cyber-attacks and reporting of attacks that have occurred. A reporting company that...more

Business News Digest - March 2011

by Venable LLP on 3/4/2011

Venable attorneys produce periodic alerts and newsletters covering a variety of topics and practice areas. For your convenience, we have assembled below a collection of the latest alerts and newsletters from February 2011....more

Adozione modelli organizzativi ex-art. 6 D.Lgs 231/2001 Partecipate Comune di Pescara

by Renato Ranieri on 2/28/2011

La presente delibera è indirizzata a tutte le società partecipate dal Comune di Pescara, laddove il Comune ha una partecipazione totalitaria e/o di maggioranza nel capitale sociale ed i servizi svolti per conto...more

2010 Compliance Review -- What Did I Miss?

by Dinsmore & Shohl LLP on 1/31/2011

The Red Flags Rule The rules have been modified that "creditor" no longer includes any business that extends credit or permits payment plans for fees incident to its services. Because healthcare providers are no longer...more

Data Protection Regulator for Germany's Schleswig-Holstein Calls for European Review of FTC's Safe-Harbor Program

by Duane Morris LLP on 8/6/2010

An earlier Alert, "German Privacy Regulators Issue Decision on Data Protection and Safe-Harbor Self-Certification of US Companies," analyzed the Düsseldorfer Kreis decision that appeared to undermine the US Department of...more

Report on the Shareholder Communications Process with Street Name Holders, and the NOBO-OBO Mechanism - June 10, 2010

by Katten Muchin Rosenman LLP on 6/14/2010

Introduction and Executive Summary The U.S. Securities and Exchange Commission (SEC) has announced that it intends to reexamine the system through which shareholders communicate with issuers and vote their shares. An...more

Corporate and Financial Weekly Digest - April 16, 2010

by Katten Muchin Rosenman LLP on 4/16/2010

In this issue: *SEC/CORPORATE ..SEC Proposes Creation of Large Trader Reporting System ..Pink OTC Markets Inc. Announces Creation of OTCQBTM Marketplace *BROKER DEALER ..SEC Proposes New Measures to Protect Investors...more

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Business Organization › Finance & Banking › Privacy