BLT: May 2020

     

    Featured Articles

    Business & Corporate

    Brazil Passes Landmark Privacy Law: The General Law for the Protection of Privacy

    John Isaza, Hannah Katshir

    Joining the global trend originating in Europe with the General Data Protection Regulation (GDPR), Brazil recently enacted its own omnibus law governing the use of personal data, the Lei Geral de Proteção de Dados (LGPD), or General Law for the Protection of Privacy. Similar to the EU’s GDPR and California’s Consumer Privacy Act (CCPA), LGPD is intended to regulate the processing of personal data. The stated purpose of the law is to protect “the fundamental rights of freedom and privacy and the free development of the personality of the natural person.”

    Business & Corporate

    Cybersecurity in the Time of a Pandemic—Practicing “Safe Computing” While Working at Home

    Lisa R. Lifshitz

    As we hunker down in our home offices and endeavour to protect ourselves and our communities from the ravages of COVID-19, it is worth remembering that in addition to the threats posed by the virus, we are also increasingly at risk from scammers and hackers seeking to exploit existing cybersecurity gaps (and our general sense of panic) through various phishing efforts, spear phishing campaigns, and malware scams.

    Business & Corporate

    SEC Regulation Best Interest: A Practical Guide for Broker-Dealers and Investment Advisers

    Barry R. Temkin, Cynthia L. King, Mitchell Markarian

    On June 30, 2020, registered securities broker-dealers must begin their compliance with the new SEC Regulation Best Interest and Form CRS Relationship Summary/Form ADV Part 3,† which were announced by the Securities and Exchange Commission on June 5, 2019.[1] These new regulations were promulgated under authority given to the SEC by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Regulation Best Interest has four components: (1) the disclosure obligation; (2) the care obligation; (3) the conflicts-of-interest obligation; and (4) the compliance obligation.

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