Maneesha Mithal’s Post

Understand what entities are covered by the New York LLC Transparency Act and what their responsibilities are under it in this article from the newest edition of the Practical Guidance Journal: #LexisNexis #LegalTech #PracticalGuidance #NewYork https://lnkd.in/e-mqMbGf

An interesting Sunday read... City firms revolt against the FCA! It's essentially about naming and shaming firms it is investigating before the conclusion of those investigations.. A bad idea in my opinion.. the article nails it: “The FCA’s approach could disproportionately harm smaller firms still building consumer awareness, giving an undue advantage to established players and brands.” (((the FCA would never do that would they????🤐🤐))) The person added that coupled with the stringent new consumer duty, which forces companies to ensure good outcomes for consumers, it raises a question of whether fintech and tech firms will “continue to seek regulation at all”. ..and that is the crux... regulatory over reach is killing the UK capital markets.. Google 'the LSE is in trouble' or similar and you will see for yourself. The parting shot of that quote '...it raises questions whether fintech firms will 'continue to seek regulation at all' is the crux here... In a world innovating quickly having to deal with a regulator that is extremely slow and has unpublished internal policy agendas becomes a barrier... so companies set up elsewhere. For example why have only 5% of crypto applications been accepted. It's only for AML and I do not believe 95% of applicants have got the application wrong... The FCA are necessary but it needs to better serve the UK, the industry and investors. It achieves this by being approachable, open minded and nimble. Unfortunately, at the moment it is secretive, overly hostile to industry and unaccountable. The consequences are that companies are establishing themselves elsewhere, listing elsewhere and becoming regulated elsewhere. That is going to be a hard trend to turn around unless something is done, and pronto.

Our Q3 2023 Focus on Fintech newsletter is live and contains updates and developments from federal regulators, rule updates from the SEC, key litigation updates, our state law round-up, and more!

Our Q3 2023 Focus on Fintech newsletter is live and contains updates and developments from federal regulators, rule updates from the SEC, key litigation updates, our state law round-up, and more!

Our Q3 2023 Focus on Fintech newsletter is live and contains updates and developments from federal regulators, rule updates from the SEC, key litigation updates, our state law round-up, and more!

With Q3 behind us, FinTech Law Firm and Joot have reflected on essential insights and industry updates throughout the quarter. Our Q3 2023 newsletter discusses recent U.S. Securities and Exchange Commission updates and industry changes, including the multiple rules planned for finalization in the near future. Click the link below to download and be sure to reach out if you have any questions. https://lnkd.in/g6PVd69Y #compliance #compliancenews

In this weeks Cashroom blog, Alex Holt shares his predictions and insights on the legal trends that will undoubtedly shape the landscape in the upcoming year. Discover his thoughts and get an insight into the emerging trends for 2024 https://hubs.la/Q02jh26V0 #Cashroom #LegalTrends #LawFirms

BEST EXECUTION: Virtu Financial is preparing for #legal action from the U.S. Securities and Exchange Commission following a dispute over the firm’s #trading #data safeguards – but the firm says that it plans to “defend itself vigorously”. #markets #regulation #finreg #finance #marketmaker #equities Best Execution

FirmScribe customers never have to worry about paying fines for not capturing iMessages. But if you choose to not be compliant, the next best thing you can do, according to the U.S. Securities and Exchange Commission, is self-report your comms to receive a lesser fine. Learn more about the logic behind the SEC's latest compliant approach on the blog. https://lnkd.in/gUKGDEtz #ComplianceSolutions #FinancialServices #SECRegulations #RegTech #CommunicationCompliance #iMessageCapture #SelfReporting #FinTech #RiskManagement #FirmScribeInsights #LegalTech #ProtectYourFirm #ComplianceTech #FinanceProfessionals #CorporateGovernance #TechnologyInFinance #ComplianceBestPractices #IndustryInsights

Fool me once, shame on you, fool me twice... With the fintech and partner bank ecosystem under a microscope, it's a good time to ask: What have you done lately to stay out of the limelight? - External reviews of your marketing collateral, BSA & info sec programs, customer facing agreements/ disclosures? - Prioritize product fixes related to reconciliation or compliance? Share your tips and experiences in the comments! Stay ahead of regulatory scrutiny. Book a complimentary consultation with davidsonfirm.co to see how we can help.