A Big Week for Bitcoin

pressLast week, FinCEN issued two administrative rulings clarifying that certain Bitcoin participants do not constitute money service businesses (MSBs) under the BSA.  The rulings furthered the guidance issued by FinCEN last March, which excluded from the definition of MSB users that obtain convertible virtual currency and use such convertible virtual currency to purchase real or virtual goods or services. In the Guidance, FinCEN established Users are not MSBs because they are not engaged in money transmission services.

Posted February 4, 2014 | by Braden Perry |in Bitcoins, News, Regulations

Entrepreneur KC Radio Features Kennyhertz Perry’s Emphasis on Serving Startups

KMBZ’s Entrepreneur KC Radio recently featured the Kennyhertz Perry’s emphasis on serving entrepreneurs as they endeavor to establish and grow their businesses. As an attorney who serves the start-up community, Partner John Kennyhertz discussed a range of issues relevant to new companies including challenges faced with establishing capital, deciding how and where to form a

Posted January 22, 2014 | by Braden Perry |in News, Uncategorized

NBC’s KSHB Action News Features Kennyhertz Perry for Cutting Edge Position on Bitcoin

Kennyhertz Perry’s John Kennyhertz and Braden Perry were recently featured as guests on NBC affiliate KSHB 41 Action News for being among the first businesses in the metropolitan area to accept the cyber currency Bitcoin. Kennyhertz Perry commented not only on the business decision made to accept Bitcoin, but also the traction the new currency

Posted January 14, 2014 | by Braden Perry |in News, Uncategorized

Braden Perry tapped as Gerson Lehrman Group expert

Braden Perry has been selected to serve as an expert on councils within the Gerson Lehrman Group – a global research firm that creates networks of leading experts to advise investment institutions as well as companies in various industries. Perry will serve on GLG’s Legal, Economic & Regulatory Affairs councils as well as the New

Posted January 6, 2014 | by Braden Perry |in News

Braden Perry’s Bitcoin expertise highlighted in financial media

Braden Perry was quoted as an authority on Bitcoin in a Minyanville article. The article, titled “What Bitcoin Arbitrage Can Teach Us About the Crypto-Currency,” analyzed the Bitcoin market. In the article, Perry said he saw similarities between the early Forex trading market and Bitcoin markets. “Forex essentially started the same way, and it has become automated

Posted December 23, 2013 | by Braden Perry |in Bitcoins, News

Braden Perry’s Views of Legal Compliance for Content Marketing in White Paper

Kennyhertz Perry co-founder and partner discussed legal compliance for content marketing in Reputation Capital’s latest white paper “Content Marketing for Financial Services.” To download a copy of the white paper: http://offers.repcapitalmedia.com/content-marketing-financial-services/ About Braden Perry. A former federal enforcement attorney and veteran in regulatory compliance and white collar defense, Mr. Perry has expertise and consults with clients

Posted November 2, 2013 | by Braden Perry |in Compliance, Regulations, Uncategorized, Wealth Management

Kennyhertz Perry’s Braden Perry Discusses the CFTC’s No-Admit, No-Deny Policy Shift

Former CFTC Trial Attorney Braden Perry recently spoke with Law360 regarding the JPMorgan settlement with the CFTC, admitting that its traders “acted recklessly.” This admission demonstrates a significant shift from the no-admit, no-deny settlements to a more aggressive stance in pushing wrongdoers for accountability.

Posted October 31, 2013 | by Braden Perry |in CFTC, News, News Releases, Regulations, Uncategorized

Critical Steps to CFPB Compliance

Customer Expressions, the training team for I-Sight Investigative and Case Management Software, recently turned to Braden Perry, a veteran government investigation and regulatory compliance attorney, to discuss the critical steps to Consumer Financial Protection Bureau (CFPB) compliance. The full article is provided below:

With the deadline looming for financial institutions to comply with the regulations set out by the Consumer Financial Protection Bureau (CFPB), financial services providers are (or should be if they aren’t) working hard to get their ducks in a row in time. CFPB compliance has become a burning issue.

Posted August 29, 2013 | by Braden Perry |in CFPB, News

Braden Perry Speaks with Fiduciary News on 401(K) Plan Fees

Kennyhertz Perry’s Braden Perry recently spoke alongside other industry experts regarding 401(k) plan fees and the issues surrounding benchmarks. The article in full is as follows:

Every 401k plan sponsor wants to know the answer to this question. Every plan participant would benefit if their plan sponsor would know the answer to this question. Every industry reporter, analyst and pundit think they know the answer to this question. Every regulator knows there’s no right answer to this question.

Posted August 6, 2013 | by Braden Perry |in Compliance, News, Wealth Management