Tag Archives: John F. Savarese

Recent DOJ Speeches Promise Continuity in White-Collar Enforcement

by John F. Savarese, Marshall L. Miller, and Jonathan Siegel

Earlier this year, we noted (PDF: 239.60 KB) that it was difficult, if not impossible, at that point to predict with confidence how the new administration might change white-collar criminal law enforcement priorities and practices.  Three months later, however, some clearer signals are beginning to appear.  In a pair of speeches delivered last week, on April 18 and April 20, Acting Principal Deputy Assistant Attorney General Trevor McFadden, a Trump Administration appointee, gave strong indications that the Department of Justice will continue to engage in active white-collar criminal enforcement, without substantial changes in direction from the previous administration.  And in a speech yesterday, Attorney General Jeff Sessions promised continued prosecution of corporate fraud and misconduct and strong enforcement of the Foreign Corrupt Practices Act and other anti-corruption laws.

In his more detailed speeches, McFadden rejected what he called the “myth” that DOJ under AG Sessions was not interested in prosecuting white-collar crime.   Continue reading →

Responding to Pushback, New York Regulators Revise Proposed Cybersecurity Regulations

Courtesy of John F. Savarese and Marshall L. Miller

Last fall, with some fanfare, the New York State Department of Financial Services (DFS) announced proposed cybersecurity regulations. As we previously reported (PDF: 1,614 KB), in a break from prior, high-level standards, the proposed regulations shifted toward a more prescriptive approach, mandating specific policies, onerous government notification requirements, and hands-on oversight from corporate leaders. Commentators and financial industry groups pushed back during the comment period. In response, on December 28, 2016, DFS released revised regulations, which, subject to further comment, will now become effective on March 1, 2017. Continue reading →