Topic Archives: Financings

January 21, 2020 - Financings, Intellectual Property

SEC Staff Issues Guidance on Technology, Data and Intellectual Property Risks in International Operations

By: David M. Lynn and Rose Zukin Pierson

On December 19, 2019, the Staff of the U.S. Securities and Exchange Commission’s Division of Corporation Finance issued guidance outlining the Staff’s views about disclosure obligations that companies should consider with respect to technology, data and intellectual property risks that could arise when operations …›

October 29, 2019 - Financings, Privacy + Data Security

Financial Institutions and the CCPA: What Remains After the Law's Exceptions

By: Kristen J. Mathews and Adam J. Fleisher

Financial services companies subject to the Gramm-Leach-Bliley Act (GLBA) are treated somewhat differently under the CCPA. However, the CCPA does apply to some personal information that financial institutions handle. Kristen Mathews and Adam Fleisher, attorneys in Morrison & Foerster’s Privacy + Data Security Group, …›

July 2, 2019 - Artificial Intelligence + Robotics, Financings, Fintech

Policy Makers Examine the Disparate Impact Risk of Artificial Intelligence and Underwriting

By: Rick Fischer and Obrea O. Poindexter

Recent Congressional activity reflects increasing concern in the fair lending implications of artificial intelligence (AI) in credit underwriting. Congress and regulatory agencies are likely to press financial services providers to better understand the AI they use and to ensure that its use does not …›

June 4, 2019 - Blockchain, Financings, Fintech

Nevada Resident Sentenced for Fraud and Unlicensed Money Transmission in Case Involving Bitcoin

By: Dario de Martino, Marc-Alain Galeazzi, Sean Ruff, and Adam J. Fleisher

A Nevada resident, Morgan Rockcoons, was sentenced in the U.S. District Court for the Southern District of California to 21 months in prison for wire fraud and unlicensed money transmission. In connection with the sentencing, Rockcoons will also be required to forfeit $80,600 in …›

May 21, 2019 - Asia, Financings, Fintech

Where Disruption Meets Regulation

By: Jake M. Robson, Gordon A. Milner, and Nick Davies

A wide range of businesses in Southeast Asia from traditional retailers and financial institutions to start-ups are harnessing new technologies and entering into new commercial partnerships to offer financial products and services regionally. MoFo’s Jake Robson, Gordon Milner and Nicholas Davies discuss how companies can …›

May 8, 2019 - Financings, Fintech

Could Strong Consumer Authentication Weaken Consumer Demand?

By: Trevor R. Salter

From 14 September 2019, certain electronic and remote payments must be subjected to two-factor, or “strong customer authentication”, under regulatory standards covering the European Economic Area relating to the second EU Payment Services Directive, which took effect in January 2018. Retailers are uncertain whether …›

April 12, 2019 - Blockchain, Financings, Fintech

SEC Issues Historic No-Action Letter and Releases Framework for “Investment Contract” Analysis of Digital Assets

By: Susan I. Gault-Brown, Dario de Martino, Alfredo B. D. Silva, Mara Elyse Goodman, and Dylan Kelsey Naughton

On April 3, 2019, the Strategic Hub for Innovation and Financial Technology of the U.S. Securities and Exchange Commission (“SEC”) published two pieces of guidance on when a blockchain-enabled digital asset will, or will not, be considered a security. The first piece of guidance …›