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Practical Tips When Faced with an SEC Investigation or Enforcement Action

Wall Street Blockchain Alliance

New York, N.Y.
News Release

Schiff Hardin Adds White Collar Defense Lawyer William Ziegelmueller in Chicago

Ziegelmueller is an experienced trial lawyer who represents individual and corporate clients in federal criminal investigations, regulatory enforcement actions, civil litigation, and corporate internal investigations.

News Release

Schiff Hardin Advises Wintrust on Two Chicago-Area Bank Acquisitions

Schiff Hardin advised Wintrust Financial Corporation (Nasdaq: WTFC) on the successful completion of its acquisition of Chicago Shore Corporation, the parent company of Delaware Place Bank.

News Release

Schiff Hardin Named “Innovation Builder” by BTI

Schiff Hardin LLP has been singled out by corporate counsel as one of only 28 percent of law firms clients view as a BTI “Innovation Builder,” which recognizes firms that bring change to the legal market through new technology, services, strategies, or structures.

News Release

Thirteen Attorneys Named New York Metro Super Lawyers and Rising Stars

Schiff Hardin LLP is pleased to announce that 11 attorneys have been recognized on the 2018 New York Metro Super Lawyers list and two have been named Rising Stars.

News Release

Former OneAmerica General Counsel Thomas Zurek Joins Schiff’s Insurance & Reinsurance Practice in Chicago

Schiff Hardin LLP announced today that Thomas M. Zurek has joined the firm as of counsel in its Insurance and Reinsurance and Litigation and Dispute Resolution Practice Groups in Chicago.

News Release

Schiff Hardin Advises Wintrust on Three Year-End Acquisitions

Schiff Hardin LLP advised Wintrust Financial Corporation (Nasdaq: WTFC) on the recent completion of three bank and financial institution acquisitions.

Trending Legal Issue

CAMELS Ratings: What They Mean and Why They Matter

In the context of regulation, there is no single number more important to a bank than its composite CAMELS rating.


Regulating FinTech

Over the last few years, financial technology, commonly referred to as FinTech, has been used to describe a multitude of firms, activities, and capabilities for financial services.


CFTC Enters its First Non-Prosecution Agreements

The U.S. Commodity Futures Trading Commission (CFTC) recently announced its first use of non-prosecution agreements – in connection with three Citigroup employees accused of utilizing spoofing strategies.


FinCEN Renews Real Estate GTOs to Identify High-End Cash Buyers in Six Metro Areas

Yesterday, the Financial Crimes Enforcement Network (FinCEN) announced the renewal of certain Geographic Targeting Orders (GTOs) that temporarily place specific anti-money laundering-related reporting requirements on U.S. title insurance companies.

Trending Legal Issue

FinTech and the Consumer

Illinois Banker Magazine


House Passes Financial CHOICE Act to Amend Dodd-Frank

The recent passage of the Financial CHOICE Act -- “Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs” (the “CHOICE Act” or the “Act”) – by the U.S. House of Representatives heralds the long anticipated repeal of certain material parts of the Dodd-Frank Wall Street Reform and Consumer Protection Act.


SEC Considers Modernization of Industry Guide 3 for Bank Holding Companies

Earlier this month, the SEC published its Request for Comment on Possible Changes to Industry Guide 3 (Statistical Disclosure by Bank Holding Companies) (the Request).


Successful Community Reinvestment amid Evolving Technology and Innovation

In 1977, Congress passed the Community Reinvestment Act (“CRA”) to encourage banks and other financial institutions to meet the needs of the communities in which they operate, specifically those neighborhoods comprised primarily of low- and moderate-income populations.


Top 10 Issues Facing Financial Institutions in 2017: #10 – Compliance with Consumer Laws

Regardless of any potential Consumer Financial Protection Bureau (CFPB) overhaul, financial institutions that offer or provide products or services directly or indirectly to consumers still face challenges complying with consumer laws.


Top 10 Issues Facing Financial Institutions in 2017: #2 Mergers & Acquisitions

Higher valuations, improving multiples, more capital, and the potential for regulatory relief are all contributing to increased consolidation in the financial institutions market in 2017.


Top 10 Issues Facing Financial Institutions: #8 – Capital Planning

As valuations and capital increase as a result of the improving economy, institutions are busy assessing and preparing for capital needs.


Top 10 Issues Facing Financial Institutions in 2017

On the heels of a new administration taking over, the renewed prospect for regulatory reform in financial services, and positive economic developments, growth is top of mind for many financial institutions.


Top 10 Issues Facing Financial Institutions in 2017: #3 – BSA/AML and OFAC Compliance

The more things change, the more they stay the same. Such is the case with the challenge of complying with the Bank Secrecy Act (BSA) and anti-money laundering (AML) and economic sanctions rules for financial institutions.


Top 10 Issues Facing Financial Institutions in 2017: #4 Cybersecurity

Cybersecurity is emerging as one of the most significant and potentially dangerous risk areas facing financial institutions.


Top 10 Issues Facing Financial Institutions in 2017: #5 – FinTech

Financial technology, commonly referred to as FinTech, describes many different things relating to financial services companies’ activities and capabilities.


Top 10 Issues Facing Financial Institutions in 2017: #6 Third-Party (Vendor) Risk Management

Third party risk management continues to receive a heightened degree of attention from the regulatory community, especially the enforcement apparatus


Top 10 Issues Facing Financial Institutions in 2017: #7 Corporate Governance and the Culture of Compliance

Financial institutions also face challenges that are less prescriptive than others we have profiled in this series. One example is governance and culture.


Top 10 Issues Facing Financial Institutions in 2017: #9 – Data Security and Privacy

On top of addressing general cybersecurity concerns, financial institutions must also minimize the risk of a data breach that could compromise customer financial or personally identifiable information.


Treasury Issues Report on Regulatory Reform in the Banking Sector

On June 12, 2017, the U.S. Treasury released its first report on the Trump in response to Executive Order 13772, on the Administration’s Core Principles for Regulating the U.S. Financial System.


Risks Remain for Banks Servicing the Hemp Industry

While the latest guidance on regulating financial services for hemp businesses may feel like a turning point, current banking regulations will likely continue to inhibit hemp businesses from integrating into the mainstream financial system.