Featured Publications

Financial Institutions: Alert - March 18, 2010

An important interagency "Guidance on Obtaining and Retaining Beneficial Ownership Information" was issued on March 5, 2010, by FinCEN (jointly with the SEC and each bank regulatory agency) as FinCEN Guidance FIN 2010-G001. The Guidance expressly singles out accounts maintained for various types of entities, specifically those that are not publicly traded in the United States, such as unincorporated associations, private investment companies (PICs), trusts and foundations. While the Guidance breaks no new ground, its primary significance is that beneficial ownership is the new "hot button" for BSA/AML regulators and their compliance audit teams. Financial institutions should take heed and review their AML compliance procedures in this area to ensure that the "recommended" procedures in the Guidance are in place and rigorously enforced.

The Supreme Court Decision in Citizens United v. FEC

This alert reviews key aspects of last week's landmark Supreme Court decision in Citizens United v. FEC, in which the Court cleared the way for corporations and labor unions to contribute to political campaigns in a more direct way - and permitted those entities to pay for express advocacy as long as the advocacy is not coordinated with any campaign or political party. It also points to underreported aspects of the ruling, and areas of campaign finance rules that will remain the same.

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Does the SEC Demand More in Settlement Than It Can Get at Trial?

Securities Regulation & Law Report (BNA), Vol. 33, No. 16

April 1, 2001

Mitchell E. Herr- Miami

Holland & Knight attorney Mitchell E. Herr authored, “Does the SEC Demand More in Settlement Than It Can Get at Trial?" featured in Securities Regulation & Law Report.

Please Click Here to view the article.

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