Reynolds Holding

APRIL 20, 2022

Boards should: Maintain a working partnership with the CEO and management and serve as a resource for management in charting the appropriate course for the corporation; Set the “tone at the top” to create a corporate culture that not only gives priority to ethical standards, professionalism, integrity and compliance in setting and implementing both (..)

Compliance 53

Compliance Technology Finance Marketability 53

Brian DeChesare

NOVEMBER 16, 2022

FTX was founded as a cryptocurrency exchange in 2019 and gained over 1 million users by 2021, becoming the 3 rd largest exchange by volume and earning over $1 billion in revenue. Governments will almost certainly step in and attempt to regulate or shut down the sector, so the range of outcomes here is wide – but none of it looks good.

Start-ups 52

Start-ups Banking Finance Technology 52

Reynolds Holding

MAY 18, 2022

These statutes created requirements and regulations around disclosure, registration, exchanges, and broker-dealers, and established the SEC to oversee the markets. The Division also needs to increase its capacity to examine broker-dealers, particularly when it comes to compliance with Regulation Best Interest. ENDNOTES. [1]

Marketability 59

Marketability Finance Corporate Finance Technology 59

Reynolds Holding

FEBRUARY 23, 2023

Which brings me to my next topic: the Fraud Section’s enforcement results over the past year. Cryptocurrency fraud has also been a key priority over the last two years, and I anticipate that cryptocurrency crimes will continue to be a priority across the department. to California, no one is above the law.

Compliance 45

Compliance Marketability Start-ups Banking 45

Reynolds Holding

DECEMBER 5, 2022

Cybersecurity : Cybersecurity continues to be a challenging area of risk management, with plaintiffs bringing Caremark claims based on cybersecurity breaches, regulators requiring additional disclosures about risk management and proxy advisors factoring cybersecurity risk oversight into their governance assessments. In addition, the E.U.’s

Technology 66

Technology Banking Compliance Finance 66

Reynolds Holding

OCTOBER 5, 2022

Cryptocurrency-related actions are also on pace to increase in 2022, driven in part by the continued increase in actions against crypto exchanges and allegations related to securitization in the first half of the year. at *2–3, *46, *50. at *2, *47. That motion, as well as the motion to dismiss, remain pending. 2022 WL 768975 at *1.

Start-ups 72

Start-ups Marketability Equity Compliance 72

Reynolds Holding

FEBRUARY 1, 2023

House of Representatives to ban Chinese-owned social media app TikTok from operating in the United States and widespread attention focused on the crypto industry following the November 2022 implosion of cryptocurrency exchange FTX). billion acquisition of One Medical). Intercontinental Exchange Inc.’s led the field in transaction size.

Finance 45

Finance Equity Technology Banking 45

Reynolds Holding

MARCH 27, 2023

To that end, the court rejected plaintiffs’ argument that the board’s “regrettable” timeline to achieve regulatory compliance was a violation of positive law, reasoning instead that determining how to comply with regulations is “a legitimate business decision for the [b]oard to make.” Clair Shores Police and Fire Retirement System v.

Technology 59

Technology Start-ups Compliance Finance 59

Reynolds Holding

JUNE 26, 2022

4356, their Responsible Financial Innovation Act, to transfer most regulation of cryptoproducts to the Commodity Futures Trading Commission (CFTC}, essentially ousting the SEC, presumably perceived to be a more aggressive regulator, from oversight of cryptoproducts that were securities. On June 10, 2022, U.S.

Banking 72

Banking Compliance Technology Treasury 72