The FDA has announced a major CBD crackdown. In the announcement, the FDA issued its starkest warning yet that it is illegal to sell CBD as a dietary supplement or to add it to human or animal food or beverages, and that companies that break these rules will be subject to major legal consequences. The
Today marks the one year anniversary of the, The Financial Crimes Enforcement Network (“FinCEN”) issuance of Geographic Targeting Orders (“GTOs”) that obligated the U.S. title insurance companies to recognize the natural persons behind shell companies purchasing residential real estate in all cash. For each covered metro area the purchase threshold amount was lowered to $300,000, formerly assorted
The U.S. Commodity Futures Trading Commission (“CFTC”) ordered the filing and finalizing of charges of $67.4 million versus Tower Research Capital LLC, a proprietary trading firm. The CFTC alleged that over a length of almost two years, Tower violated multiple sections of the Commodity Exchange Act by a deceptive and manipulative scheme of spoofing in
Partner Braden Perry, as part of Kennyhertz Perry’s Commodities, Futures, and Derivatives practice group, advises clients on a wide range of commodities and derivatives regulatory matters, and works with companies on compliance with the complex laws and regulations governing the securities and derivatives industries. Perry, a former Commodity Futures Trading Commission (“CFTC”) Senior Trial Attorney
Requirement calls for acceptance of license within 48 hours
Today, the U.S. Department of Agriculture (“USDA”) released a draft version of an interim final rule which, once formally published in the Federal Register, will establish the U.S. Domestic Hemp Production Program. The USDA was directed to develop this Program under the Agricultural Improvement Act of 2018 (which is commonly referred to “2018 Farm Bill”),
The FTC and FDA announced yesterday that they sent yet another joint warning letter to a CBD manufacturer and retailer, warning them that their marketing of CBD products violates federal law. The letter gave the seller 15 days to correct the violations or face “legal action without further notice, including, without limitation, seizure and/or injunction.”
As an attorney who represents several companies before the Federal Trade Commission (“FTC”), Braden Perry offers some of his knowledge in article featured on E-commerce Times website. “This is one of the more common laws that companies run afoul of in the Internet marketing space, according to Kennyhertz Perry partner Braden Perry, who regularly represents companies
The Kansas Legislature is again looking at medical marijuana legalization. On October 23, the Kansas Special Committee on Federal and State Affairs will host an all-day public meeting on medical cannabis. The meeting will take place from at 9:00 a.m. to 5:00 p.m. in the Kansas Statehouse, room 346 South. Although this meeting represents an
Partner, Braden Perry is quoted in an article discussing the digital currency of facebook, on the www.street.com webpage. “After the exit of several major partners, the status of Facebook’s (FB – Get Report) Libra project is looking shakier than ever. On Monday, Booking Holdings (BKNG – Get Report) was the latest member of the Libra Association, the consortium of
Kennyhertz Perry attorney and managing partner, John Kennyhertz, recently appeared on a Table of Experts in the Kansas City Business Journal, discussing “Mergers and Acquisitions, and Setting the Stage for Successful Business Transitions”. To read the article in it’s entirety follow the link below: https://www.bizjournals.com/kansascity/feature/table-of-experts/table-of-experts-mergers-acquisitions-setting-the.html About Kennyhertz Perry’s Mergers and Acquisitions Practice Area Every year
Kennyhertz Perry Attorne, Braden Perry was recently featured in an article on Finance Magnates website discussing, the SEC and Telegram lawsuit alongside author David Gerard. Braden Perry explained to Finance Magnates that “much like Kik, Telegram/Ton must essentially argue that this is a case of ‘enforcement by regulation.’ And they aren’t wrong. The Howey test is notoriously
