Braden Perry Quoted in Bloomberg Article on Citi Facing ‘Finders Keepers’ in Fighting $500 Million Ruling

Braden Perry Quoted in Bloomberg Article on Citi Facing ‘Finders Keepers’ in Fighting $500 Million Ruling

As Citigroup Inc. attempts to recover $504 million it accidentally sent to asset managers for Revlon Inc., a 30-year-old legal precedent is making it difficult to get the half billion-dollar decision overturned. Last summer, instead of making an interest payment as administrative agent on the Revlon loan, Citibank paid the full outstanding $900 million out

Is Your Business Covered by the Broad Reach of the Federal Motor Carrier Safety Regulations?

Is Your Business Covered by the Broad Reach of the Federal Motor Carrier Safety Regulations?

Without looking it up, most people might guess that the Federal Motor Carrier Safety regulations (“FMCSRs”) apply only to companies operating 18 wheelers and large passenger buses.  Those guesses would be wrong. The FMCSRs apply to all businesses with at least one “commercial motor vehicle” (“CMV”) under its operation.  Though there are multiple definitions of

Benzinga Features Braden Perry in Article Discussing FTC’s Crackdown Against CBD Market

Benzinga Features Braden Perry in Article Discussing FTC’s Crackdown Against CBD Market

Operation CBDeceit now aims to crack down on CBD operators’ misinformation and mislabeling on products. This long-running concern, claiming that the drug treats medical conditions, is what the U.S. Federal Trade Commission (FTC) is attempting to rein in. In 2017, Penn University found that nearly 70% of extracts sold online were mislabeled and concluded the

Braden Perry Highlighted in Blockworks Article on Coinbase’s Pre-IPO Valuation and Regulatory Uncertainty

Braden Perry Highlighted in Blockworks Article on Coinbase’s Pre-IPO Valuation and Regulatory Uncertainty

In December of 2020, Coinbase announced it had filed preliminary private paperwork with the Securities and Exchange Commission to go public. Within days of this announcement, derivatives exchange FTX created a synthetic Pre-IPO futures contract that went as high as $317. At its peak, the exchange’s implied market cap hit a valuation of over $75

Braden Perry Discusses the FinCEN Leaked SARs, Which Show ‘Massive Failure’ of Banks, Regulators with Fastinform.com

Braden Perry Discusses the FinCEN Leaked SARs, Which Show ‘Massive Failure’ of Banks, Regulators with Fastinform.com

A recent report about the potential laundering of trillions of dollars through the world’s largest banks demonstrates an ineffective regulatory system that is continuously abused by banks, with little chance of change unless direct action is taken by the government. Buzzfeed News pieced together decades of financial transactions and published their findings of its investigation.

Braden Perry Discusses Artificial Intelligence Regulation Risks in Article

Braden Perry Discusses Artificial Intelligence Regulation Risks in Article

A number of the world’s leading democracies (U.S. excluded) would like to take a closer look at artificial intelligence (AI), and it’s affect on privacy, security, human rights, crime and finance. The U.S. has not joined this movement, for they believe this regulation could likely hurt businesses and the development of AI technologies.  However, six

Braden Perry Featured Discussing New Developments in DNA Storage

Braden Perry Featured Discussing New Developments in DNA Storage

TechNewsWorld sources Perry for his regulatory and compliance knowledge regarding new technology research done at a Swedish University in Zurich.  New developments show a method that embeds artificial DNA into an object. This new process is being called “DNA of Things“, or “DoT”, a storage architecture to create materials with immutable memory. “With the ability

Braden Perry, quoted in article on Facebook’s planned digital currency

Braden Perry, quoted in article on Facebook’s planned digital currency

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

Citibank Unit fined $1.25 Million Fine for Poor Background Check Procedures

Citibank Unit fined $1.25 Million Fine for Poor Background Check Procedures

According to FINRA, Citigroup’s brokerage unit, Citigroup Global Markets, Inc., failed in running background checks on at least 10,400 non-registered associated persons, which led to three individuals who’d been convicted of crimes working for the firm. Federal securities laws require broker-dealers to fingerprint associated persons working in a non-registered capacity before or upon association with

Regulatory Change Under the Trump Administration

Regulatory Change Under the Trump Administration

Braden Perry, a former federal enforcement attorney who is now a regulatory and government investigations attorney with Kennyhertz Perry, discussed regulatory change with Secondary Marketing Executive, a magazine designed for mortgage banking professionals. Perry said although Trump has threatened to reverse Dodd-Frank, that likely will not happen. Perry does anticipate a systematic review of the