A large number of Washington State marijuana business license applicants have received the green light from the Liquor Control Board to finish building out their facilities, and cash from financiers is starting to hit the table as applicants rush to complete construction.
As we previously reported, the House of Representatives Financial Services Committee held a hearing on the effects of regulatory “red tape.”
I recently blogged about the pervasive nature of data breaches and the particular risks presented to this industry.
Flash Boys Litigation: High Frequency Traders, Brokers and Securities Exchanges Hit with Securities Suit
The Other Sure Finally Falls: China Issues “Administrative Measures for Verification and Registration On Overseas Investment Projects”
The National Development and Reform Commission (“NDRC”) has finally promulgated the long awaited “Administrative Measures for Verification and Registration of Overseas Investment Projects （《境外投资项目核准和备案管理办法》）” (“Order 9”).
Last week, the SEC issued three new interpretations related to the so-called “intrastate offering exemption,” which is a registration exemption that facilitates the financing of local business operations.
With any innovative technology, there’s bound to be some growing pains. With the IRS recently deeming Bitcoins property, and not currency, this could certainly fall into that category—though many have said it’s much worse. Still, there is some good to this.
Lo and behold, not four days after we wrote our last post on the illegality of obtaining bank records, a postcard appeared in our mailbox promising “statewide bank searches” for under $300. I was intrigued. I thought, maybe they know something we don’t and they’ve found a legal way to find banking information.
The Telephone Consumer Protection Act’s safe harbor for calls made with the prior express consent of the called party is destroyed the moment the debtor says, “Stop calling me!” So too, a collector can be liable for autodialed calls to a third party even though a debtor gives that number as her own.
Fourth Circuit Affirms Dismissal of Securities Fraud Complaint Where Inference of Scienter Was Not Sufficiently Strong
In Yates v. Municipal Mortgage & Equity, LLC, No. 12-2496 (4th Cir. Mar. 7, 2014), the United States Court of Appeals for the Fourth Circuit affirmed the dismissal of a securities fraud claim under Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”), 15 U.S.C. § 78(b), against defendant Municipal Mortgage & Equity (“MuniMae”) and its individual officer and director defendants.