Practice Areas & Industries: Duane Morris LLP


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The financial markets are, perhaps, the most thoroughly and pervasively regulated industries in the United States and the world. Market professionals and participants face a myriad of confusing and sometimes conflicting legal and regulatory requirements. Technological advances have changed the nature and structure of markets, and the proliferation of new products and markets has produced market fragmentation and new competitive concerns. At the same time, recent financial scandals have produced new and increasing financial and reporting requirements and have increased each market participant's exposure to regulatory and civil liability claims.

The members of Duane Morris' Financial Markets Practice Group each have a great depth of experience in guiding market participants in this broad area – from the nuances of trading on Electronic Communications Networks (ECNs), to compliance with the seemingly conflicting requirements of the USA PATRIOT Act and the Financial Privacy Act, to the formation and/or purchase of a trading, advisory or investment firm as well as experienced representation in regulatory and litigation proceedings.

Articles Authored by Lawyers at this office:

UK Finance Act 2015 -- Royal Assent Received
, April 02, 2015
Following the draft clauses of December 2014, a final version of the UK Finance Bill 2015 was published on 24 March 2015. Since there is a general election in the UK this May, the Bill received Royal Assent on 26 March to become the Finance Act 2015. A further finance bill is likely after the...

Anti-Money Laundering Remains at Forefront of Compliance in Nevada Gaming Industry
Jennifer Roberts, March 25, 2015
There is a lot of talk in the Nevada gaming industry about anti-money laundering efforts. In 1970, Congress passed the Bank Secrecy Act, which required banks to report large cash transactions in order to help find drug trafficking and tax evaders. The Bank Secrecy Act is enforced by FinCEN, the...

Lawyer in Vietnam Oliver Massmann Transformation of the Financial Market Management
Oliver Massmann, March 25, 2015
Vietnam is one of the most dynamic markets of Asia. Since the financial institutions and authorities are a part of the general economic system, they are not only strongly involved in the changes, but also have a more solid financial basis for the competitiveness of the country. The financial sector...

Understanding SwissLeaks: Considerations for Banks, Account Holders and Fiduciaries in Light of Possible Enforcement Action in India
Saionton Basu, March 18, 2015
Last month saw further disclosure of 1,195 account holders in HSBC Private Bank in Geneva, Switzerland, with Indian addresses. Whilst that by itself connotes no manner of wrongdoing, given the information now resides in the public domain, the following potential risks emerge for banks, account...

Virtual Credit Card Payments
Patricia S. Hofstra, March 18, 2015
On January 30, 2015, several healthcare organizations sent a group letter to CMS protesting the use of virtual credit cards by health plans to pay providers. In a virtual credit card payment (a nonstandard type of electronic funds transfer EFT), a health plan or its payment vendor issues single-use...

Bank Leumi Agreement with Department of Justice Results in Disclosure of Identities of 1,500 U.S. Account Holders
Jon Grouf,James J. Holman,Hope P. Krebs,Anthony D. Martin,Megan R. Worrell, February 17, 2015
These developments raise many significant issues for U.S. persons with undisclosed accounts at Bank Leumi with respect to potential criminal prosecution, civil examinations and the availability of the Offshore Voluntary Disclosure Program and the Streamlined Programs for residents and nonresidents.