Tag Archives: Matthew J. Bacal

Navigating Generative AI in M&A Transactions

by Frank J. Azzopardi, Matthew J. Bacal, David R. Bauer, Pritesh P. Shah, Samantha Lefland, Christopher C. Woller, and Joshua Shirley 

Photos of the authors

Top left to right: Frank J. Azzopardi, Matthew J. Bacal, David R. Bauer, and Pritesh P. Shah. 
Bottom left to right: Samantha Lefland, Christopher C. Woller, and Joshua Shirley.
(Photos courtesy of Davis Polk & Wardwell LLP)

The recent rise of consumer and market interest in generative artificial intelligence (GAI) tools has spurred growing interest in GAI assets from strategic acquirers and private equity investors. This article provides a brief introduction to GAI tools and their current uses, as well as an overview of the due diligence, transactional and other commercial considerations for investors and acquirers engaging in related investment and M&A activity.

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SEC Office of Compliance Inspections and Examinations (OCIE) Issues Observations on Cybersecurity and Resiliency Practices

by Greg D. Andres, Robert A. Cohen, Neil H. MacBride, Annette L. Nazareth, Margaret E. Tahyar, Leor Landa, Michael S. Hong, Matthew J. Bacal, Daniel F. Forester, and Matthew A. Kelly

The SEC Office of Compliance Inspections and Examinations (OCIE) recently published observations (PDF: 854 KB) related to cybersecurity and operational resiliency practices observed in its examinations. OCIE reiterated its continued focus on cybersecurity issues, citing eight risk alerts related to cybersecurity it has published over the last few years.[1] OCIE conducts examinations for compliance with Regulation S-P and S-ID, which apply to broker-dealers and investment advisers, and Regulation SCI, which applies to exchanges and other SCI entities. The publication provides important guidance to regulated entities about the likely subjects of SEC exams, the expectations of its examiners, and the subjects of potential enforcement referrals. Continue reading →