Reynolds Holding

APRIL 18, 2022

and international antitrust enforcement agencies set forth their enforcement priorities. antitrust agencies emphasized that the agencies are primed to litigate more cases, challenge more mergers, and use all enforcement tools at their disposal. At a recent Enforcers Summit, leaders of various U.S. The new heads of the U.S.

Marketability 56

Marketability Technology Banking 56

Reynolds Holding

JUNE 26, 2023

Philadelphia National Bank is well known in banking circles for recognizing the essential role that the antitrust laws have in protecting competition in the banking sector. As we reflect on the legacy of Philadelphia National Bank, I hope we can all agree that bank competition is critically important for all Americans.

Banking 45

Banking Marketability 45

Reynolds Holding

JANUARY 4, 2024

The Financial Stability Oversight Council released its 2023 Annual Report, highlighting its 2023 activities, significant financial market and regulatory developments and potential emerging threats to U.S. financial stability. financial stability. financial system. In 2023, the banking sector is segmented differently. financial system.

Banking 59

Banking Marketability Finance Technology 59

Reynolds Holding

NOVEMBER 1, 2023

In late September 2023, Assistant Attorney General for the Antitrust Division, Jonathan Kanter, reaffirmed the Division’s commitment to bringing criminal cases focused on labor markets. government’s broad commitment to policing labor market violations. government’s broad commitment to policing labor market violations.

Compliance 40

Compliance Marketability Technology 40

Reynolds Holding

JANUARY 18, 2023

federal antitrust enforcement agencies. There were important developments in all key areas of the agencies’ remit, from merger enforcement to civil conduct cases to criminal prosecutions. The DOJ’s willingness to litigate has so far resulted in a mixed record: the agency lost three merger trials in 2022 and won one.

Equity 53

Equity Marketability Private Equity Firm Compliance 53

Reynolds Holding

JANUARY 25, 2023

Our Goals Protecting the Investing Public; Maintaining a Robust, Relevant Regulatory Framework; Supporting a Skilled and Diverse Workforce The United States has the largest, most sophisticated, and most innovative capital markets in the world. capital markets represent about 40 percent of the global capital market.

Technology 59

Technology Marketability Data Analysis Equity 59

Reynolds Holding

APRIL 20, 2022

While the CFTC regulates commodity derivatives, they do not regulate commodity spot markets, although they do have enforcement authority for fraud and manipulation in commodity spot markets. The practical effect of this structure is that cryptocurrency exchanges in the U.S. Key Principles.

Marketability 83

Marketability Banking Finance Start-ups 83

Reynolds Holding

MARCH 5, 2024

Securities and Exchange Commission (SEC) for operating as unregistered securities exchanges, broker-dealers, and clearing agencies. In Spring 2023, Bittrex , Coinbase and Binance – among the largest cryptoexchanges in the world – found themselves in the crosshairs of the U.S.

Marketability 59

Marketability Finance Compliance Equity 59

Reynolds Holding

FEBRUARY 6, 2024

We consider a model in which the board (i) has the authority to establish a disclosure policy governing unaudited disclosures (a policy role), (ii) has oversight responsibilities for compliance with the disclosure policy (a control role), and (iii) must contend with CEO over-reporting. a new geographical location) or a new product (e.g.,

Compliance 64

Compliance Marketability 64

Reynolds Holding

MARCH 7, 2023

Khan further stated that ESG cooperation or agreements, “in as much as they can affect competition, are always relevant” to the FTC. In the eyes of many, collective action is necessary to move the needle on systemic issues (such as phasing out unsustainable technologies) that individual effort has yet to achieve.

Banking 89

Banking Marketability Accounting Firms Compliance 89

Appraiser Newsroom

JANUARY 3, 2024

By: Bharat Kanodia , ASA, Senior Managing Director, Suncorp Valuations The machinery and equipment market is undergoing rapid transformation fueled by technological advancements, changing consumer preferences, and global economic shifts. Appraisers must leverage these technologies to analyze vast amounts of data and derive valuable insights.

Appraisal 59

Appraisal Technology Compliance Marketability 59

Reynolds Holding

JULY 23, 2023

Stated in the form of 13 individual guidelines for assessing M&A activity, the draft document reads like an outline of every way the FTC and DOJ might challenge a deal as meeting the Clayton Act’s prohibition: a transaction where the effect “may be substantially to lessen competition, or to tend to create a monopoly.” [1]

Marketability 40

Marketability Beta Alpha 40

Reynolds Holding

NOVEMBER 16, 2022

When Congress passed the FTC Act in 1914, it didn’t just create a new agency. It created new law for that agency to enforce. Section 5 of the Act provides that “unfair methods of competition in or affecting commerce” are “hereby declared unlawful.”1

Marketability 49

Marketability 49

Reynolds Holding

DECEMBER 20, 2022

The FTC recently announced the first use of its “Penalty Offense Authority” in many years. The agency dusted off this statutory tool as part of its multifaceted effort to continue to obtain monetary relief in its consumer protection enforcement actions in the wake of the agency’s Supreme Court loss in AMG Capital Management, LLC v.

Compliance 45

Compliance Marketability 45

Reynolds Holding

MAY 11, 2023

Today, our $100 trillion capital markets—with the benefit of the securities laws—have become the deepest, most liquid, most trusted in the world. It also was in Chicago back in 2012 that, as Chair of the Commodity Futures Trading Commission (CFTC), I spoke with you about work to reform the $700 trillion swaps markets. [4]

Treasury 81

Treasury Marketability Start-ups Compliance 81

Reynolds Holding

MARCH 27, 2024

Far from representing a coordinated, interagency approach to a federal statute (the BMA) that provides for a single set of standards and criteria for acting on a bank merger application, each of these efforts reflects the different views of each agency as to how bank merger transactions should be evaluated. Our key takeaways are below.

Banking 45

Banking Marketability Specific Risk Finance 45

Reynolds Holding

MARCH 10, 2024

The agency used the second half of 2023 to signal an aggressive regulatory and enforcement agenda relating to AI. The SNPRM is part of the FTC’s expanding investigations and enforcement in the AI industry. That trend has only accelerated in 2024 with additional policy statements, formal investigations, and now this SNPRM.

Technology 45

Technology Marketability 45

Reynolds Holding

APRIL 25, 2024

Though future application of the SEC’s theory is not yet known, the SEC focused on an acquisition announcement that was deemed important to investors in a closely competitive company in a concentrated industry sector. The Panuwat verdict could cause criminal authorities to consider pursuing a similar theory. In Panuwat , the U.S.

Compliance 58

Compliance Marketability 58

Reynolds Holding

APRIL 23, 2023

They both knew how important it was to protect investors and promote our capital markets. They both knew how important it was to protect investors and promote our capital markets. It also established this important agency I’m honored to chair, the Securities and Exchange Commission. Thank you for inviting me to testify today.

Treasury 45

Treasury Marketability Finance Technology 45

Reynolds Holding

JULY 4, 2023

2 Moreover, antitrust authorities in other nations (including such major antitrust jurisdictions as the European Union and Brazil) already require narrative responses in upfront filings. The FTC’s proposed new requirements will, however, apply to every HSR filing regardless of the review it will receive by the FTC or DOJ.

Equity 45

Equity Marketability 45

Cooley M&A

JULY 21, 2021

On July 9, President Joe Biden issued an executive order on “Promoting Competition in the American Economy.” Rather, President Biden directs federal agencies to consider sweeping policies and rules in numerous sectors , with a substantial focus on the tech and life sciences industries. I believe the experiment failed.”.

Marketability 40

Marketability 40

Reynolds Holding

MAY 31, 2022

In particular, agency-cost essentialists support governance structures that maximize accountability to the company’s shareholders, while proponents of board-centered models, as well as stakeholder governance advocates, prefer arrangements that insulate management from shareholder influence. Moreover, these companies are not evenly dispersed.

Marketability 84

Marketability 84

Reynolds Holding

AUGUST 29, 2022

Since President Biden issued his July 2021 Executive Order on Competition, the antitrust agencies have made broad policy statements promising more aggressive enforcement and have initiated a number of high-profile enforcement actions. Background on President Biden’s Executive Order on Promoting Competition in the American Economy.

Compliance 45

Compliance Private Equity Firm Equity Marketability 45

Reynolds Holding

SEPTEMBER 12, 2023

securities markets regulation have contributed to America’s economic success and geopolitical standing around the globe. At this remarkable agency, we serve investors building for a better future and issuers raising money to fund innovation, while overseeing the $100 trillion capital markets where they meet.

Banking 40

Banking Treasury Marketability Equity 40

Reynolds Holding

APRIL 24, 2022

Internationally, the Antitrust Division has formed a working group with the Australian Competition and Consumer Commission, the Canadian Competition Bureau, the New Zealand Commerce Commission and the United Kingdom Competition and Markets Authority (CMA). Press Release, U.S. Dep’t of Just., Press Release, U.S.

Comps 45

Comps Marketability 45

Cooley M&A

JANUARY 21, 2022

One year into his administration, President Joe Biden has made clear that aggressive competition policy is on the agenda. As the increase in reportable transactions continues to strain agency resources, this trend may continue into 2022. Substantively, merging companies are facing greater scrutiny and novel antitrust theories of harm.

Start-ups 40

Start-ups Marketability Technology 40

Reynolds Holding

DECEMBER 11, 2022

competition authorities have issued guidance to support industry-wide ESG initiatives. Federal antitrust agency leaders have noted correctly that there are no antitrust exemptions for “socially desirable” activity, including ESG initiatives, but they have provided little further guidance. In the U.S., In the EU and the U.K.,

Banking 45

Banking Marketability Compliance 45

Reynolds Holding

JUNE 21, 2023

As part of its declared focus on fostering competition in the labor market, the Federal Trade Commission (FTC) has proposed to ban most noncompetition agreements, or noncompetes, restricting the activities of former employees. If the commission moves forward with a ban of noncompetes, it will almost certainly face legal challenges.

Marketability 45

Marketability Compliance Equity 45

Reynolds Holding

APRIL 7, 2022

I am pleased to support this proposal because, if adopted, it would increase the transparency and integrity of the traditionally opaque over-the-counter security-based swap market, fulfilling a mandate under the Dodd-Frank Act of 2010 to register and regulate the platforms that trade these instruments.

Marketability 45

Marketability Banking 45

Reynolds Holding

SEPTEMBER 15, 2022

Today [September 14], the Commission will consider whether to propose standards for covered clearing agencies (also known as clearinghouses) regarding the clearance of certain trades involving U.S. The $24 trillion Treasury market—the deepest, most liquid market in the world—is the base upon which so much of our capital markets are built.

Treasury 45

Treasury Marketability Banking 45

Reynolds Holding

APRIL 17, 2023

In a lengthy opinion made public two weeks ago, the FTC, by a vote of 4-0, determined that Illumina’s acquisition of GRAIL may substantially lessen competition in a market for the “research, development, and commercialization of MCED [multi-cancer early detection] tests” and ordered Illumina to divest GRAIL.

Marketability 45

Marketability 45

Reynolds Holding

JUNE 29, 2023

1 This marks the first time in 45 years that the agencies have undertaken a top-to-bottom review of the form (the “HSR Form”) that businesses must fill out when pursuing an acquisition that must be notified in accordance with the HSR Act.2 8 Today, the agencies often receive more than 150 filings each month.9

Technology 45

Technology Marketability 45

Reynolds Holding

NOVEMBER 7, 2023

To regulate artificial intelligence, or AI, it is important to look at the various, and often contradictory, settings where AI operates – and how it is treated there. Yet, regulating AI in a general way is not the right approach, as it is used so differently in different sectors, where different values are at stake and different problems arise.

Banking 116

Banking Technology Finance Marketability 116

Reynolds Holding

FEBRUARY 9, 2023

We also identify key topics to track in 2023: the interplay of ESG matters and competition law, the continuing importance of executive remuneration and the possibility of a decrease in interest in ESG matters. With the continuing introduction of new legislation, the growth of this market is not expected to slow in 2023. and Europe.

Finance 49

Finance Marketability Start-ups Equity 49

Reynolds Holding

APRIL 5, 2023

These laws, the first of which was enacted in 1933, benefit investors, issuers ranging from startups to multinational corporations, and the markets in the middle. securities markets regulation have contributed to America’s economic success and geopolitical standing around the globe. The core principles of U.S.

Marketability 45

Marketability Technology Data Analysis Corporate Finance 45

Reynolds Holding

AUGUST 17, 2022

Last week, the CFPB took three actions demonstrating the agency’s continued focus on technology companies and personal financial data protection. They also reflect the agency’s ongoing emphasis on the potential misuse and abuse of personal financial data, in particular by technology companies. DIGITAL MARKETING INTERPRETIVE RULE.

Finance 45

Finance Marketability Technology Banking 45

Reynolds Holding

APRIL 24, 2023

1] The Policy Statement outlines the CFPB’s approach to analyzing whether an act or practice may be abusive and provides examples, which the Policy Statement also notes may be used by state attorneys general or other agencies that are authorized to enforce the prohibition on abusive practices. [2] 18] B.

Banking 45

Banking Marketability 45