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OCTOBER 8, 2019
 
 
 
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In house attorneys looking for a better way to organize, vet and easily retrieve legal news created the National Law Review on-line edition.

Around the clock, the National Law Review's editors screen and classify breaking news and analysis authored by recognized legal professionals and our own journalists.

There is no log in to access the database and new articles are added hourly.
 
 
 
 
On June 5, 2019, the Securities and Exchange Commission (the “SEC”) voted three to one to approve a package of rulemakings and interpretations designed to enhance the quality and transparency of investors’ relationships with investment advisers and broker-dealers (the “June 5 Release”). Adopted pursuant to the broad rulemaking authority granted in Section 913(f) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the June 5 Release consists of the following four components:  Read on for FINRA Rule Amendments Analysis >
 
 
 
Allen Matkins Law Firm LogoIn the early 1970s, I worked as a petroleum transfer engineer (aka service station attendant).  In those halcyon days, we actually pumped the gas for customers, washed their windows and offered to check the oil.  I remember one customer who was a strong advocate of legalization of marijuana. I remember thinking "that will never happen".  I also would have laughed at the notion that someday people would be walking around taking pictures of themselves with their telephones.  Where would you put the film and what about the telephone cords?   More on DBO Guidance here >
 
 
 
On August 23, 2019, President Donald Trump signed into law the Small Business Reorganization Act of 2019, which will go into effect in February 2020. The act creates a new Subchapter V under Chapter 11 of the US Bankruptcy Code. The act eliminates some of the more costly elements of traditional Chapter 11 relief, such as disclosure statements, and in some ways is modeled after expedited procedures used in Chapter 12 and 13 cases. The act was designed to promote simplicity and efficiency for reorganization of small-business debtors. Highlights of the act include the following: More on Small Business Reorganization Act here >
 
 
 
Under its new leader, the New York Department of Financial Services (“DFS”) has staked out high ground for itself by self-identifying as the “regulator of the future” DFS’s pronouncement came in a July press release issued about a month after Linda Lacewell was confirmed as the agency’s third superintendent. The press release, issued to announce the creation of a new Research and Innovation Division, signals that DFS is attempting to harness the increasing technological tools available to regulators, while making New York an attractive place for financial firms to do business.   More on New York Department of Financial Services Here >
 
 
 
 
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