Shari Brandt Partner

With increasing frequency, securities and commodities regulators are focusing on employees’ use of personal mobile devices for business-related communications via applications that are not approved by employers or captured by employers’ archival systems.

Before opening a dialogue with the government, defence counsel and defendants should ensure that they understand the potential risks as well as the possible rewards of cooperation with the U.S. government, and that they are clear about regulators’ expectations and are prepared to meet those expectations.

As social distancing and travel restrictions continue due to the COVID-19 pandemic, requests from the government for remote testimony and interviews undoubtedly will increase.

In the NYU Compliance & Enforcement Blog, the attorneys discuss the U.S. v. Connolly decision, in which the U.S. District Court for the Southern District of New York found that the government “outsourced” a criminal investigation to a global bank.

The London Interbank Offered Rate (LIBOR) serves as the primary global benchmark for short-term interest rates for 10 currencies, and is tied to U.S.$350 trillion of financial and retail products, including bank loans, derivatives, interest rate futures and options contracts, mortgages and student loans. LIBOR has historically been regarded as an objective measure of the economic reality and health of the money markets.