Science, Computers & Technology, Finance & Banking

Bitcoin Regulatory Update: Understanding the Federal Government’s Attack on Mt. Gox

by Fuerst Ittleman David & Joseph, PL on 5/17/2013

Bad news travels fast. On May 14, Magistrate Judge Susan Gauvey of the United States District Court for the District of Maryland signed a Seizure Warrant authorizing the Federal Government to seize “the contents of Dwolla...more

Big Incentives for Investments in Cybersecurity

by Javier Siervo | Berkeley Research Group, LLC on 5/17/2013

Recently, Maryland Governor Martin O’Malley signed into law the Cybersecurity Investment Incentive Tax Credit. The credit is to be used against the state income tax of a Maryland cybersecurity company. To be eligible for the...more

Financial Crimes Enforcement Network Issues Guidance on Virtual Currency

by Elsa Broeker, JiJi Park, Amy L. Pierce, Deborah Thoren-Peden | Pillsbury Winthrop Shaw Pittman LLP on 5/16/2013

FinCEN recently issued interpretive guidance to clarify that it views certain activities involving convertible virtual currencies as money transmission services under the Bank Secrecy Act and FinCEN regulations. If your...more

Capital Infusion - May 2013: Dealmaker’s Corner

by Adam Connatser, Jon Finger, Rani Hauth Guerra, J. Atwood Jeter, David McLean | Patton Boggs LLP on 5/16/2013

In this issue’s installment of “Dealmaker’s Corner,” Jon Finger, a partner in our private equity group, had the opportunity to visit with Kyle Bradford, Managing Director with American Capital, Ltd., concerning the...more

Investment Portals Addressed in SEC Staff Guidance Under JOBS Act; No-Action Letters Also Issued

by Elliott Curzon, Thor Imsdahl, Edward Pittman | Dechert LLP on 5/15/2013

Technology has spawned the formation of new internet-based marketplaces for illiquid and restricted securities. In most instances, these markets are operated by entities registered with the U.S. Securities and Exchange...more

FTC Sharpens Focus On Data Brokers

by BuckleySandler LLP on 5/14/2013

On May 7, the FTC released letters it sent to 10 data brokers warning that certain of the brokers’ practices could violate FCRA privacy protections. ...more

The Entrepreneurs Report Q1 2013

by Sundance Banks, Caitlin Courtney, Herb Fockler | Wilson Sonsini Goodrich & Rosati on 5/14/2013

In this issue: - From the WSGR Database: Financing Trends for Q1 2013 - Valuations by Industry Segment - Convertible Notes vs. Priced Equity in Seed Round Financings: An Illustration of Capitalization...more

Capital Infusion - May 2013: Deal Spotlight: Patton Boggs Advises on Innovative Health Care Transaction

by Adam Connatser, Jon Finger, Rani Hauth Guerra, J. Atwood Jeter, David McLean | Patton Boggs LLP on 5/13/2013

Patton Boggs recently advised Satori Capital, a Dallas-based private equity firm, on its acquisition of Longhorn Health Solutions, Inc. Longhorn is headquartered in Austin, Texas and is a leading direct-to-home provider of...more

Business Across Borders - Licence to travel: how regulation is benefiting business abroad

by M. Tamara Box, Lindsay East, Daniel Kadar, Edward S. Miller, Cynthia O'Donoghue, Roger Parker, Anker Sorensen, Richard Swinburn, Philip Taylor | Reed Smith on 5/10/2013

Our Business Across Borders report series, written by The Economist Intelligence Unit, investigates the biggest issues facing global business. The first of five reports and video commentary, Licence to travel, examines...more

Energy & Clean Tech Connections: Your Law Firm Link to Industry News -- May 2013

by Mintz Levin - Energy & Clean Technology on 5/10/2013

In This Edition: - In the News: United States - In the News: Europe & Asia - Government Financial Assistance - Privately Sourced Financial Grants - Federal & State News - Legal News - Events -...more

Corporate & Securities Law Alert May 2013 - Entrepreneurs: Go Forth And Act, But Act Wisely

by Vivian Breier | Ruskin Moscou Faltischek on 5/9/2013

What distinguishes those with great ideas from entrepreneurs is elementary. Entrepreneurs act on their idea. Tantamount to acting, is planning and good advice. Anyone who wants to pursue a concept should first do some...more

CFTC Discussing Bitcoin Regulation

by Felix Shipkevich | Shipkevich PLLC on 5/8/2013

The Commodity Futures Trading Commission (CFTC) is reportedly “seriously” looking into whether Bitcoin may fall under its scope....more

Trends in Legal Terms in Venture Financings in Israel 2012

by Barry J. Kramer, Michael J. Patrick | Fenwick & West LLP on 5/8/2013

Background — We have analyzed the terms of venture financings for Israeli and Israeli-related technology companies that reported raising money during 2012. Our survey does not include financing rounds of less than US...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - May 3, 2013

by BuckleySandler LLP on 5/6/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - CREDIT CARDS - E-COMMERCE - PRIVACY/DATA SECURITY -...more

The Cost of Convenience: charging for online contributions

by Tammera R. Diehm | Winthrop & Weinstine, P.A. on 5/6/2013

On May 7, 2013, the Minnesota Campaign Finance and Public Disclosure Board (“Board”) will consider an advisory opinion request submitted on behalf of Democracy Ventures, Inc., d/b/a Democracy.com. The organization is seeking...more

Biotech Venture Funding Down 33% in First Quarter

by Donald Zuhn | McDonnell Boehnen Hulbert & Berghoff LLP on 5/1/2013

Earlier this month, the National Venture Capital Association (NVCA), a trade association representing the U.S. venture capital industry, released the results of its MoneyTree Report on venture funding for the first quarter of...more

CFTC To Address Problems Of Dealing With Evolving Technology Sphere

by Felix Shipkevich | Shipkevich PLLC on 5/1/2013

Despite the fact that The Commodity Futures Trading Commission (CFTC) has spent years working on plans to adapt to the technological revolution that is changing the investing sphere, the disconnect between the agency and...more

CFTC Fails To Handle Problems Of Evolving Tech Sphere

by Shipkevich PLLC on 4/30/2013

Despite the fact that The Commodity Futures Trading Commission (CFTC) has spent years working on plans to adapt to the technological revolution that is changing the investing sphere, the disconnect between the regulatory body...more

SEC and CFTC Issue Identity Theft Red Flags Rules Applicable to Financial Institutions and Creditors

by Timothy Blank, Nicholas DiLorenzo, Owen C.J. Foster, Christopher Harvey | Dechert LLP on 4/30/2013

The SEC and CFTC recently issued joint Identity Theft Red Flags Rules (the “Rules”), which are rules and guidelines requiring certain financial institutions worldwide to adopt comprehensive data security programs to detect...more

CPA issues Amendments to Electronic Data and Document Rules and Standards

by Lisa K. Abe-Oldenburg | Bennett Jones LLP on 4/24/2013

The Canadian Payments Association has issued amendments to Automated Clearing and Settlement System (ACSS) Rules and Standards, which came into effect on April 22, 2013....more

New-Tech Credit Cards On The Way

by Pillsbury Social Media, Entertainment &... on 4/23/2013

The Bank of China Hong Kong announced recently that it plans to launch its first credit card that is compatible with Near Field Communication ("NFC) technology this year. ...more

Virginia Financial Institutions - April 2013

by Joseph Spruill | Reed Smith on 4/19/2013

In This Issue: - Virginia General Assembly Concludes 2013 Session – Highlights and Considerations for Financial Institutions - Cyber Fraud: Lawsuit by Local Community Bank Demonstrates Need for Vigilance...more

FTC Recommends Stronger Safeguards for Mobile Payments

by Karen H Bromberg | Cohen & Gresser LLP on 4/18/2013

With the use of mobile payments by consumers reaching “fever pitch”, the FTC has released a new report entitled, “Paper, Plastic… or Mobile? An FTC Workshop on Mobile Payments,” discussing how companies can develop mobile...more

Mobile Payments Infographic

by James G. Gatto, Deborah Thoren-Peden | Pillsbury Social Media, Entertainment &... on 4/17/2013

Check out this Mobile Payments Infographic brought to you by the Mobile Payments Working Group, as part of the Application Developers Alliance. Pillsbury team members Jim Gatto, Deb Thoren-Peden and JiJi Park are all members...more

I Want to Live in America!- Part I Tax Planning Considerations for Foreign Scientists and Engineers

by Gerald Nowotny on 4/17/2013

Overview - As discussions regarding immigration reform continue to unfold, one point that is not under discussion or subject to debate is the contribution of foreign scientists and engineers to the New Economy. The statistics...more

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Science, Computers & Technology › Finance & Banking