Posted June 26, 2015 | by admin |in CFTC, News

Perry Comments on the Inevitable Closing of Historic Chicago Futures Pits

A last ditch effort to save open outcry in the Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT) futures pits is likely to fall short, Braden Perry, a former CFTC senior trial attorney and Partner with Kennyhertz Perry said in a Reuters article.  The effort, launched by traders to delay the July 6 closing, claims the CME has failed to provide the CFTC adequate information on the rationale of the closing, and leaves certain trading strategies without proper alternatives.  “It really comes down to the numbers of people who are trading still in the open-outcry system,” Perry said.  The CME estimates that floor trading in Treasury futures represented 1.8 percent of total volume last year.

To read the entire article, please visit: http://www.reuters.com/article/2015/06/25/cme-group-futures-closure-lawyers-idUSL1N0ZB2QJ20150625

Posted June 22, 2015 | by admin |in CFTC, News

Massad’s 1st year at CFTC about Change, Perry Says

Law360 featured former U.S. Commodity Futures Trading Commission Senior Trial Attorney Braden Perry in an evaluation of CFTC’s Chairman Timothy Massad. Perry said that Massad’s change in tone was immediately palpable in his speeches and the agency’s guidance letters. And whereas Gensler had the job of implementing Dodd-Frank Act reforms immediately after they were passed, Massad was able to take a step back and make subtle changes in order to help market participants while still protecting consumers. Although many challenges remain, Perry said that he has a lot of potential to make the markets work in an efficient manner for those the CFTC oversees.

To read the entire article, please visit http://www.law360.com/articles/661281/1-year-in-massad-starts-to-turn-cftc-ship-around.

Posted May 28, 2015 | by Braden Perry |in News

FBI Cyber Division Releases Alert MC-000060-MW Regarding Criminal Activity via Point of Sale (PoS) Malware

Yesterday, the Federal Bureau of Investigation, Cyber Division released Alert Number MC-000060-MW regarding continued use of PoS malware by cybercriminals in a number of restaurants, casinos, hotels, and resorts. The networks are infected to extract credit card data, which is spread through criminal circles and used for financial gain.

The alert was released as TLP:Green and the details of the alert, including useful information for potential networks subject to malware can be shared with clients and contacts, but not via publicly accessible channels. For this information or on ways to monitor and/or respond to cybercrime, please contact me at [email protected], or online at Kennyhertz Perry, LLC.

Posted May 12, 2015 | by admin |in CFTC, Regulations, White Collar Crime

Braden Perry to Speak on CFTC Dodd-Frank Title VII Market Reform

The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, asked Braden Perry, former Senior Trial Attorney at the CFTC and founder of the Kansas City-based Kennyhertz Perry law firm to speak at the Knowledge Congress’ webcast entitled: “CFTC’s Financial Market Reform in 2015: Boon or Bane? Live Webcast.” This event is scheduled for May 15, 2015 @ 3:00 pm – 5:00 pm (ET).

Mr. Perry will be part of a panel of key thought leaders and practitioners will provide an overview and discussion of the latest changes to The Dodd-Frank Act that affect Financial Market Reform.

Posted April 24, 2015 | by admin |in CFTC, News

Braden Perry Featured on McGraw Hill Financial Global Institute Podcast Discussing CFTC Case against Kraft and Mondelez

McGraw Hill Financial Global Institute President John Kingston recently spoke with Kennyhertz Perry partner Braden Perry, a former senior trial attorney at the CFTC, about the meaning of this battle between a regulator and a large end user and participant in the commodities market.  The McGraw Hill Financial Global Institute’s mission is to support the advancement of open and transparent capital and commodity markets, increased economic opportunity for individuals, communities and nations and to address other societal issues and trends contributing to global growth and prosperity.

To listen to the podcast, visit https://www.mhfi.com/about/Global-Institute/white-papers/Kraft-vs-the-CFTC.html.

Posted February 10, 2015 | by admin |in Business Law, News

Kennyhertz Invited to Address FastTrac NewVenture Entrepreneurs

John Kennyhertz of Kennyhertz Perry has been invited to address this season’s FastTrac® NewVenture™ entrepreneurs.  FastTrac is a program of the Ewing Marion Kauffman Foundation and brought to Kansas City by the UMKC Small Business & Technology Development Center in partnership with University of Missouri Extension.

In FastTrac NewVenture, aspiring business owners look at all aspects of their proposed companies, explore the feasibility of their business concept, and learn how to develop a viable business plan.  Participants address start-up issues such as assessing the competition, legal matters, marketing and financial management aspects of business ownership.  John will use his legal expertise to introduce the class to the basics of entity selection, first contract issues, and first employee considerations.