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U.S. DOJ first declination for sanctions violation since creation of M&A safe harbor

On June 16, 2024, the U.S. Department of Justice’s (DOJ) National Security Division (NSD) and the U.S. Attorney’s Office for the Southern District of Texas (SDTX) announced the first-ever declination to prosecute a firm and...more

U.S. DOJ announces substantial strategic shifts in white-collar crime enforcement

A new U.S. DOJ memo published on May 12 announces significant changes to the DOJ’s white-collar crime enforcement priorities, aligning the DOJ’s approach with the Trump Administration’s “America First” agenda. ...more

Significant changes to U.S. enforcement priorities

One day after her confirmation on February 4, 2025, Attorney General Pam Bondi issued two Memos addressed to the entire U.S. Department of Justice (DOJ), which curtailed enforcement under the Foreign Corrupt Practices Act...more

CFTC announces proposed guidance and a request for comments regarding voluntary carbon credit derivative contracts

\On December 4, 2023, the U.S. Commodity Futures Trading Commission (“CFTC”) announced that they were seeking public comment on proposed guidance for the listing of voluntary carbon credit (“VCC”) derivative contracts.1...more

Help Wanted: CFTC invites whistleblowers to look for fraud and manipulation in the carbon markets

The U.S. Commodity Futures Trading Commission’s (CFTC) Whistleblower Office took the unusual step of inviting market participants to look for and submit tips related to fraud, manipulation, and other forms of misconduct in...more

[Webinar] Enforcement trends in the digital asset space - March 3rd, 12:00 pm - 1:30 pm EST

We are delighted to invite you to join our webinar taking place on Thursday, March 3 at 12:00 p.m.— 1:30 p.m. EST where we will be discussing the evolving U.S. enforcement priorities in the digital asset space. Our speakers...more

Covid-19 coronavirus: an overview of the U.S. CARES Act Paycheck Protection Program

President Donald Trump signed the "Coronavirus Aid, Relief, and Economic Security Act," (the "CARES Act") on March 27, 2020. The CARES Act provides an unprecedented and historic $2 trillion stimulus package addressing the...more

Covid-19 coronavirus: An overview of enacted U.S. federal legislation

This note summarizes the important legal changes for U.S. businesses to come out of the two Covid-19 coronavirus relief laws enacted in March 2020....more

New CME Guidance Puts Trading in the Pre-Open Period in the Spotlight

On April 11, 2019, CME, CBOT, NYMEX, and COMEX collectively published potentially significant revisions to the guidance on the CME Globex pre-open process. The pre-open period is a set time before the trading session opens...more

National Futures Association Simplifies Section 4s Submission and Review Process for Swap Dealer Registration

On July 24, 2017, the National Futures Association (“NFA”) adopted measures to streamline the process for registration of swap dealers pursuant to Section 4s of the Commodity Exchange Act. Previously, entities seeking to...more

U.S. Commodity Futures Trading Commission Enters Into Its First Public Non-Prosecution Agreements

On June 29th, 2017, the U.S. Commodity Futures Trading Commission (CFTC) entered into the first public non-prosecution agreements in its history with three former Citigroup traders, pledging not to pursue civil...more

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