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The OCC's Chief Counsel stated on Thursday that the OCC is looking at
launching a pilot program aimed at FinTech companies, intended in
part to develop bank-fintech partnerships. By continuing in its
ongoing efforts to become a primary regulator of FinTech companies,
the OCC is effectively putting its feet on the accelerator in a
game of chicken with state regulators.
As we
previously discussed, state regulators already declared war
over the OCC's efforts to regulate FinTech companies, both by
suing the OCC and by publicly accusing the OCC of regulatory
failures. The OCC has not backed down, instead seeking to dismiss
these cases, as
we noted earlier this week. The OCC's announcement
concerning a FinTech pilot program is further evidence that it is
not going to blink in response to efforts by state
regulators. For now, the only clarity the FinTech companies
have on this issue is that the increasingly fierce
inter-governmental battle for regulatory jurisdiction is not going
to end any time soon.
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27 Sep 2018, Speaking Engagement, New York, United States
Pryor Cashman is pleased to host guest speaker Tom Hardin to present “Tipper X Speaks: The Dangers of Insider Trading.” Known as “Tipper X,” Tom was a young long-short hedge fund analyst who later became a key government informant in the fabled Wall Street insider trading investigation known as “Operation Perfect Hedge,” which ultimately led to more than eighty criminal cases and became the largest insider trading investigation in a generation.
On October 9, 2018, Jeffrey Alberts, co-head of Pryor Cashman's FinTech Group, will be a featured speaker at a Mazars-sponsored program entitled, "The Future of Financial Services: How FinTech is Transforming the Industry."
Alberts and his co-panelists will examine the impact of digital assets, tokenization of real assets, the OCC's new national charter for Fintech firms, recent regulatory actions and accounting considerations.
16 Oct 2018, Conference, Los Angeles, United States
On October 16, 2018, Jamice Oxley will moderate a panel at the Digital Hollywood Fall 2018 conference entitled, "The Content Development & Financing Workshop – Film – TV – Indie Production – Internet Programming."
Digital Hollywood is recognized as a leading trade conference for top executives from the film, television, music, home video, cable, telecommunications, virtual reality and computer industries.
In a lengthy order issued on July 26, 2018, by a 3-1 vote the U.S. Securities and Exchange Commission ("SEC") denied an application by the CBOE Bats BZX Exchange, Inc., ("BZX") ...
We are on the cusp of a revolution. While wealth managers have used computers to streamline complex analysis and to simplify customer service, the next wave of computational tools is already upon us.
Recently, it was reported that a popular Colorado resort planned to sell "Aspen Coins" in a Reg D 506(c) offering on a token trading platform operating ...
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New York Federal Court Rules Initial Coin Offerings May Have Been Illegal Securities Offerings (Video)
