RachelFoster

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

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

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

On March 29, 2021, the SEC’s Division of Examinations issued a risk alert reminding broker-dealers of their anti-money laundering (AML) obligations. The alert comes on the heels of SEC examinations uncovering deficiencies in some firms’ AML policies and practices, and highlights broker-dealers’ duties under the Bank Secrecy Act (BSA) to establish and implement policies designed to identify suspicious transactions and to file Suspicious Activity Reports (SARs). The risk alert is only the latest

On behalf of Jenner & Block’s Real Estate Litigation and Counseling Group, we are pleased to present this newsletter, which is designed to inform lawyers and business leaders about key legal developments affecting REITs, developers, brokers, investors, contractors, tenants, and other real estate industry participants. In this edition, we cover the following topics: