Community Banks Exempted from the Volker Rule

Community Banks Exempted from the Volker Rule

The Federal Reserve Board, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission announced yesterday that they adopted a final rule to exclude community banks from the Volcker Rule, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act.

Perry Featured in Disruptor Daily Series on Blockchain

Perry Featured in Disruptor Daily Series on Blockchain

  Kennyhertz Perry, LLC Partner Braden Perry was featured as one of several Blockchain experts in the Disruptor Daily series on emerging technology and Blockchain in industry. Perry discussed practical Blockchain applications in the areas of energy, agriculture, and cannabis. Perry has extensive experience advising clients in federal inquiries and investigations, particularly in enforcement matters

CME and CFTC Charge Unregistered Hedge Fund with Spec Limit Violations

CME and CFTC Charge Unregistered Hedge Fund with Spec Limit Violations

The Chicago Mercantile Exchange (CME) and Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against an unregistered Hong Kong-based hedge fund, Elephas Investment Management Ltd. (Elephas), for violating speculative limits in wheat contracts. Regulation 150.2 sets speculative position limits that any person may hold or control for CBOT SRW futures contracts,

Kennyhertz Perry’s Jon Dedon Featured in Medical Marijuana Podcast

Kennyhertz Perry’s Jon Dedon Featured in Medical Marijuana Podcast

“Kennyhertz Perry attorney Jon Dedon recently appeared on the State Your Line podcast to discuss medical marijuana in Missouri. The discussion ranged from how to set up Missouri marijuana dispensaries and cultivation facilities, to how to apply for medical marijuana identification cards, to how employers should deal with employees who are licensed to use marijuana

Department of Justice Intervenes in Poultry Price-Fixing Suit

Department of Justice Intervenes in Poultry Price-Fixing Suit

The Department of Justice has reportedly opened a criminal investigation into claims over whether companies including Tyson Foods, Pilgrim’s Pride, and Sanderson Farms conspired to fix poultry prices. The probe was disclosed in a civil court filing in Chicago, where lawsuits against more than 12 companies in the poultry industry are pending. The civil lawsuits

CFTC Files $147 Million Enforcement Action Against Bitcoin Trading and Investment Company

CFTC Files $147 Million Enforcement Action Against Bitcoin Trading and Investment Company

Earlier this week, the Commodity Futures Trading Commission (“CFTC”) filed a civil enforcement action against Control-Finance, a United Kingdom-based Bitcoin trading and investment company.  The complaint alleges that Control-Finance made numerous material misrepresentations and omissions, including that they (1) earned customers 1.5 % in daily Bitcoin trading profits and up to 45% per month; (2)

FTC Files Two Actions for Illegal Non-Disparagement Clauses in Contracts

FTC Files Two Actions for Illegal Non-Disparagement Clauses in Contracts

The Federal Trade Commission (“FTC”) recently filed two actions against Shore to Please Vacations LLC and Staffordshire Property Management, LLC alleging that the companies used illegal non-disparagement clauses in consumer form contracts in the course of selling their respective services, in violation of the Consumer Review Fairness Act (“CRFA”). The CRFA, which became effective in

IRS-CI Continues to Investigate Unreported Cryptocurrency Gains

IRS-CI Continues to Investigate Unreported Cryptocurrency Gains

As detailed in a recent Forbes article, an experienced IRS Special Agent and cyber-crime coordinator for IRS Criminal Investigation reiterated that taxpayers should not fail to report or use cryptocurrencies to evade their taxes liabilities. As previously disclosed in IRS Criminal Investigation’s 2018 Annual Report (as well as in other publications and statements at other

SEC Updates PAUSE List

SEC Updates PAUSE List

The Securities and Exchange Commission (“SEC”) has updated its list of soliciting entities that have been the subject of investor complaints, known as the Public Alert: Unregistered Soliciting Entities (PAUSE) list. The PAUSE list contains firms that SEC staff found were providing inaccurate information about their affiliation, location, or registration, and enables investors to inform

More to Missouri’s Medical Marijuana Facility Application Form Than Meets the Eye

More to Missouri’s Medical Marijuana Facility Application Form Than Meets the Eye

Many Missourians planning on applying for medical marijuana dispensary, extraction, and/or cultivation licenses looked forward to June 4, 2019 with anticipation. On that date, the Missouri Department of Health and Senior Services was required by Article XIV of the Missouri Constitution to “make available to the public license application forms and application instructions for medical