Kramer Levin’s Funds Talk provides legal commentary on the news and events that matter most to asset managers and funds.
Topics covered in this issue include:
OCIE Warns of Increased ‘Credential Stuffing’ Cyberattacks on Investment Advisers, Broker-Dealers
The threat to financial institutions from this type of cyberattack is on the rise, according to the SEC’s compliance and inspection staff, with potentially negative financial, regulatory, legal and reputational consequences for those businesses and investors. There are steps that organizations can take to minimize their risks — and the risks to their clients — from these attacks.
Decoding Derivatives – Q3 2020
This highlights notable Q3 events, strategies and developments in the credit and derivatives markets.
European Court of Justice Invalidates EU-US Privacy Shield Framework
A recent decision by the European Court of Justice struck down the EU-U.S. Privacy Shield program. The court overturned an earlier European Commission decision that the framework — administered by the U.S. Department of Commerce and enforced by the Federal Trade Commission — adequately protects European individuals’ personal data in compliance with the EU’s General Data Protection Regulation.