On June 13, 2024, the Rhode Island legislature passed the Rhode Island Data Transparency and Privacy Protection Act (the “Act”), which became law in late June. The Act aims to protect the personal information of Rhode Island...more
8/13/2024
/ Consumer Privacy Rights ,
Cybersecurity ,
Data Management ,
Data Privacy ,
Data Protection ,
Information Technology ,
New Legislation ,
Personally Identifiable Information ,
Regulatory Reform ,
Rhode Island ,
State Data Privacy Laws
On June 6, 2024 the Supreme Court unanimously ruled that life insurance proceeds should be included in the fair market valuation of a corporation for federal estate tax purposes. In Connelly v. United States, the Supreme...more
On May 15, 2024, the Securities and Exchange Commission (the “SEC”) issued final amendments (the “Amendments”) to Regulation S-P (originally adopted in 2000), which governs the treatment of a customer’s nonpublic personal...more
5/28/2024
/ Cybersecurity ,
Data Breach ,
Data Management ,
Data Protection ,
Financial Institutions ,
Incident Response Plans ,
Information Governance ,
Personally Identifiable Information ,
Policies and Procedures ,
Regulation S-P ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Regulation
On March 6, 2024, the Securities and Exchange Commission (SEC) released final rules regarding the Enhancement and Standardization of Climate-Related Disclosures for Investors (the Final Rules). We provided an overview of the...more
5/20/2024
/ Climate Action Plan ,
Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Final Rules ,
Greenhouse Gas Emissions ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
On March 6, 2024, New Hampshire Governor Chris Sununu signed into law SB 255-FN, An Act Relative to the Expectation of Privacy (the “Act”), making New Hampshire the 14th state to enact a comprehensive data privacy law —...more
4/10/2024
/ Consumer Privacy Rights ,
Cybersecurity ,
Data Management ,
Data Privacy ,
Data Protection ,
Data Security ,
Information Technology ,
New Legislation ,
Personal Data ,
Personally Identifiable Information ,
Regulatory Reform ,
State Data Privacy Laws
On March 1, 2024, Judge Liles C. Burke of the Northern District of Alabama, Northeastern Division, ruled in U.S. v. Yellen that the Corporate Transparency Act (the “Act”) is unconstitutional. The federal district court found...more
3/28/2024
/ Anti-Corruption ,
Anti-Money Laundering ,
Beneficial Owner ,
Congressional Authority ,
Constitutional Challenges ,
Corporate Transparency Act ,
Corruption ,
Financial Crimes ,
FinCEN ,
National Security ,
Regulatory Requirements ,
Reporting Requirements ,
Tax Evasion
On February 1, 2024, the Connecticut Office of the Attorney General (the “OAG”) issued a report mandated by the Connecticut Data Privacy Act (the “CTDPA”), Conn. Gen. Stat. § 42-515 et seq. (the “Report”), which Report is...more
3/25/2024
/ Connecticut ,
Consumer Privacy Rights ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Data Security ,
Regulatory Reform ,
Regulatory Requirements ,
State Attorneys General ,
State Data Privacy Laws ,
State Privacy Laws ,
Statutory Violations
On March 6, 2024, the Securities and Exchange Commission (the “SEC”) adopted, by a 3-2 vote, final rules (the “Final Rules”) to enhance and standardize climate-related disclosures by public entities and public offerings. The...more