Fintech Law360 provides breaking news and analysis on financial technology. Coverage includes legal and regulatory developments in cryptocurrency, including bitcoin and initial coin offerings, as well as electronic payment systems, peer-to-peer lending, algorithmic trading and many other aspects of this fast-evolving area of the law.
A Second Circuit panel on Friday upheld the U.S. Securities and Exchange Commission's $12 million fine against a Utah penny stock broker for deficient suspicious transactions reporting practices, ruling the agency wasn't improperly enforcing another federal regulator's anti-money laundering laws.
The past week in London has seen pharmaceutical giant Teva hit Astellas with a patent suit, Volkswagen sue several shippers and Prince Harry sue several tabloids for defamation. Here, Law360 looks at those and other new claims in the U.K.
A quartet of blank-check companies started trading Thursday after raising about $1.35 billion combined, led by fintech-focused Far Peak Acquisition, which is helmed by the former president of the New York Stock Exchange.
A New York state appeals court on Thursday stepped in and lifted a stay on an investor action accusing the Chinese online microlender Qudian of going public without disclosing the extent of a principal shareholder's control over its operations.
The U.S. Securities and Exchange Commission said Thursday that "FinHub," the agency's two-year-old effort to provide regulatory clarity and facilitate communication with players in the fintech industry, will become a stand-alone office.