News and Insights

“SEC Issues a Risk Alert Encouraging Broker-Dealers Strengthen Anti-Money-Laundering Compliance,” ABA Securities Litigation Journal

In their article, Jenner & Block Partners Charles D. Riely and Sarah F. Weiss and Associates Rachel C. Foster and E.K. McWilliams explain that the US Securities and Exchange Commission has a continued focus on ensuring that registered firms comply with their anti-money-laundering obligations. The authors highlight the SEC’s March 2021 risk alert reminding broker-dealers of their AML obligations. They examine the SEC’s historical focus, discuss a recent SEC litigation victory enforcing these pr...READ MORE

Client Alert: Jenner & Block Releases New Treatise on Civil RICO Litigation

Litigation Department Co-Chair Reid J. Schar, together with E.K. McWilliams and Philip B. Sailer, have released an updated edition of A Guide to Civil RICO Litigation in Federal Courts, one of Jenner & Block’s Practice Series Guides. This 300-plus page publication is designed to assist lawyers, both in-house and in private practice, as they navigate the Racketeer Influenced and Corrupt Organizations Act (“RICO”) in civil cases. This fully revised and updated treatise seeks to demystify RICO by f...READ MORE

Client Alert: Recent SEC Settlement Underscores Focus on Financial Institutions Facing Cyber Intrusions

The SEC last week announced a settlement with a Colorado-based registered broker-dealer for allegedly failing to file Suspicious Activity Reports (SARs) and filing incomplete SARs on attempted cyber intrusions into its customers’ electronic retirement accounts. The settlement is in the wake of the SEC’s 2021 examination priorities and a March 2021 SEC risk alert emphasizing that broker-dealers must file complete SARs when bad actors attempt to gain access to customers’ online accounts or elect...READ MORE