The NYDFS has been somewhat ambivalent towards FinTech banking businesses. See, e.g., and ; but, for a more positive take, see . Firms will have to see whether the new FastForward program represents a greater willingness to accept alternative business models and how the NYDFS might regulate those alternative models.

The President's memorandum is another step in a ratcheted dispute with China. It is an important one. The SEC and PCAOB have long sought greater transparency from Chinese companies in order to protect investors and level the playing field. It would be hard to imagine PWG coming back with a recommendation to do nothing, particularly as certain SEC Commissioners have just come out with a series of statements singling out disclosure and misstatement issues as to Chinese issuers. See, e.g., (…

Query whether the Dodd-Frank change to Section 19(b) was intended to put exchange rule increases beyond SEC review where the SEC seemingly failed to act quickly enough to review the increase.

The Complaint provides screenshots from websites that appear to show an individual attempting to profit from deceiving unsophisticated investors as to opportunities in companies having cures for coronavirus. It is worth taking a quick look at the Complaint to see these presumably fraudulent advertisements.