John J. Jones

S&P Global Ratings' Quarterly Banking Update is loaded with insights and snazzy charts. The two parts that really spoke to me were: 🔶 Slides 9-10 show continuing #NIM compression. Banks should be looking to #CRT as a way to grow higher rate lending capacity without having to recognize unrealized losses in their existing book. 🔶 Slide 22 shows the increase in lending to nonbank financials (e.g., fund finance, warehouse, private credit, indirect consumer). Banks that have not converted these asset classes to securitization structures should look into it as an easy way to optimize capital. https://lnkd.in/eMna4r-D

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The #CFTC just made a historic move by targeting Trafigura’s employment agreements that violated whistleblower protection rules. This $55 million settlement is a game-changer for whistleblower rights and clear communication with regulators. Read the full story here and follow us to stay up to date on the latest #whistleblower news! 👉  

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I spoke with Cointelegraph Magazine in its article, "Godzilla vs. Kong: SEC Faces Fierce Battle Against Crypto’s Legal Firepower," published on May 22, 2024. The article discusses the U.S. Securities and Exchange Commission's ongoing legal battles against cryptocurrency firms, with the SEC's crypto prosecutions rising 53% in 2023. To learn more, click here: https://lnkd.in/egZCTrwE #WhatsYourNext

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The Lincoln Private Market Index, the only index that tracks changes in the enterprise value of U.S. privately held companies, increased by 1.4% during the first quarter of 2024, as the index climbed to yet another record high. View the latest report: https://lnkd.in/ggFASTcV #LincolnPerspectives

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A historic shadow trading case has established liability for insider trading. Learn more about this groundbreaking development in Lowenstein Sandler LLP's Investment Management client alert by Scott Moss, Jonathan Danziger, Jimmy Kang, John Meyer, and Jeremy Cantor. #investmentmanagement #insidertrading #regulatorycompliance #shadowtrading #lawyers

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The Fifth Circuit may still have the spotlight, but activity in the Eleventh Circuit is attention-worthy for private fund managers as well. In our latest post on the Cleary Enforcement Watch blog, we discuss the Eleventh Circuit's recent decisions in the Keener and Almagarby cases, the "dealer" definition, and takeaways for fund managers and other investors. Read it here: https://lnkd.in/e5sMgBcu

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Former FTX executives Nishad Singh and Gary Wang face sentencing in late 2024 for their roles in FTX's turbulent history. Singh's hearing is set for October 30, 2024, followed by Wang's on November 20, 2024, in the Southern District of New York District Court. Their cases shed light on legal repercussions within the crypto industry. Stay informed on this developing story impacting blockchain and finance. Read the full article here: https://lnkd.in/gpQ4Rvmb #CryptoNews #FTX #LegalUpdates

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Investment advisers are not held to the same standards as broker-dealers in so many ways (looking at you, Bank Secrecy Act). Interesting to see the SEC start to ramp up enforcement for RIAs as Ari Yampolsky points out in the Whistleblower Partners LLP blog. Read more below!

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Fried Frank partner Rebecca Neuschatz Zelenka will moderate the panel, "Technology and Cybersecurity in Private Equity" at Markets Group's 12th Annual Private Equity New York Forum on May 15. Panelists will discuss how fund managers are dealing with rising cybersecurity challenges and the best approaches to solve and reduce vulnerabilities within their funds and across portfolio companies, among other topics. Click the link below for more details. #cybersecurity #privateequity

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Don’t miss the latest insights from THE CRED, where we explore wide-ranging topics across the private credit space, from PIK trends (featuring an article I co-authored with Angelina Liang and Edward Newlands), to the ABCs of ABF. You can read more via the link below. #privatecredit #THECRED

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On June 27, 2024, FINRA published Regulatory Notice 24-09 (RN 24-09), reminding member firms of their regulatory obligations when using Gen AI and large language models (LLMs).  FINRA emphasized that FINRA’s rules and the securities laws more generally apply to firms’ use of AI, including Gen AI/LLMs, just as they apply when firms use any other technology. In this regard, FINRA stated that it “intends for its rules and guidance to be technologically neutral and to function dynamically with evolutions in technology and member firms’ processes.” Please see our Legal Update for a discussion of RN 24-09. https://lnkd.in/ee4xNJFS #brokerdealer #AI #Regtech #FINRA #securities Mayer Brown

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The Treasury Department has issued a proposed rule (https://lnkd.in/ePyxiQNM) that would expand the list of military installations that could trigger #CFIUS jurisdiction based on proximity. This location-based jurisdiction does not require an investment in an existing business and allows CFIUS to review real estate transactions in non-urban areas and at ports, including transactions related to greenfield businesses. The proposed rule would add 50 military installations across 30 states, some triggering jurisdiction if the real estate is within 100 miles of the installation and others requiring that the real estate be within 1 mile of the installation. The proposed rule is open for public comment for 30 days.

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In Securitization: Legal and Regulatory Issues by ALM, my Alston & Bird partner, Tara Eliza Castillo examines certain operational readiness, legal and regulatory considerations specific to the U.S. auto and consumer loan #securitization market. #finance

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Looking to navigate the world of #bankruptcy sales with confidence? Check out this piece by @Goodwin's Financial Restructuring Group, offering a primer on sales under Section 363 of the Bankruptcy Code. Read more here: https://lnkd.in/e8afRTtY

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Seward & Kissel LLP's annual study reveals rising trends in seed transactions for private equity and private credit funds. The study highlights increased alignment between seeders, fund managers, and third-party investors. https://lnkd.in/ey7PnByu #GPStakes #GPStake #GPSeeding

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