Category Archives: Banking and Finance

Book Update: Fintech, Regtech, and the Financial Services Industry 

Fintech, Regtech, and the Financial Services Industry analyzes the developments taking place within the financial services industry and spotlights the opportunities they bring to the marketplace, while also highlighting the emerging regulatory framework. This newly supplemented treatise follows the development of fintech, regtech, and suptech, discussing revolutionary innovations within the financial services industry as a whole. 

Highlights include:  

  • Chapter 2, Fintech Jurisdictional Issues, details the joint statements by the SEC and CFTC about streamlining oversight as markets converge and launching initiatives for cross-agency crypto trading; it also covers the “GENIUS” Act enacted into law on July 18, 2025 
  • Chapter 3A, Artificial Intelligence in the Securities Industry,highlights key U.S. regulatory developments on AI, such as the FINRA Regulatory Notice 24-09, the March 2025 roundtable on AI, the 2025 FINRA Annual Regulatory Oversight Report, and the December 2024 U.S. Department of Treasury report covering AI risks and opportunities 
  • Chapter 5, Regulation of Digital Advisers, analyzes the SEC’s Internet Adviser Exemption under Investment Advisers Act Rule 203A-2(e), which allows advisers offering services through digital platforms to register federally, even lacking sufficient assets (Section 5:4.1) 
  • Chapter 8, Financial Technology Platforms, examines the Latham & Watkins No-Action Letter from March 12, 2025, which confirms issuers under Rule 506(c) may use investor self-certification for accredited status when investing equal to or above a minimum amount (Section 8:2.1[B]) 
  • Chapter 12A, Privacy Laws Applicable to Fintech Companies, outlines new discussion of the Personal Financial Data Rights final rule, also known as the “Open Banking Rule”, issued by the Consumer Financial Protection Bureau on October 22, 2024, as well as updated coverage of state comprehensive privacy laws (Section 12A:7 and 12A:8.2) 
  • Chapter 21, Financial Services Firms’ Use of Data Analytics and Technology in Compliance, provides an updated analysis of regulators’ expectations for compliance technology with SEC and FINRA enforcement actions and a review of the developing jurisdictional regulatory landscape for AI in financial services. This chapter also provides guidance on AI compliance opportunities and risks, expanding the previous best practices discussion to include recordkeeping challenges, third-party vendors, and outlines a phased approach to deploying AI tools (Section 21:2.2, 21:2.3, 21:3.6, 21:3.7, 21:3.8) 

Order a print copy today.  

Corporate Valuation in Mergers and Acquisitions 

Corporate Valuation in Mergers and Acquisitions, by the incomparable Sam Thompson, provides foundational perspectives regarding legal, finance, accounting, and economic aspects of valuation in merger and acquisition (M&A) transactions. This newly supplemented treatise (December 2025) serves as a guide for lawyers examining the roles of investment bankers, valuation experts, and the courts in valuing targets.  

Highlights of this second release include: 

  • A new chapter, Chapter 21, A Brief Introduction to Cryptocurrency and the Valuation of Cryptocurrency in M&A and Related Transactions. 
  • A new chapter, Chapter 22, A Brief Introduction to the Impact of Artificial Intelligence (AI) in Valuation of Companies Engaged in M&A, introduces valuation-related AI and its emerging issues. 
  • An analysis of the newly issued “International Valuation Standards Council’s 2025, International Valuation Standards” (Section 1:13)  
  • An updated section introducing “Professor Damodaran’s Discussion of the Hurdle Rate in a February 2025 ‘Musings on Markets’ Post” (Section 11:9.5) 
  • A new section titled “A Brief Introduction to the Impact of Tariffs on Valuation” (Section 20:11) 

Order a print copy today. 

Don’t Miss PLI’s End of Year Sale!

Browse our collection today and save big now through the end of December!

Don’t Miss PLI’s End of Year Sale!

Browse our collection today and save big now through the end of December!

Book Update: Fintech, Regtech, and the Financial Services Industry

Fintech, Regtech, and the Financial Services Industry offers a comprehensive exploration of how innovations in securities trading and payment systems are reshaping the financial landscape. Through contributions from seasoned professionals, the book highlights emerging trends, regulatory developments, and the opportunities these changes present for market participants. This timely volume serves as a vital resource for understanding the intersection of finance, technology, and regulation in a rapidly shifting environment.

Highlights of this seventh release include:

Order a print copy today.

PLI PLUS subscribers can access this title through their subscription.

Book Update: Mutual Funds and Exchange Traded Funds Regulation (Third Edition)

Mutual Funds and Exchange Traded Funds Regulation delivers up-to-date, practical guidance on navigating the complex regulatory landscape governing mutual funds and ETFs. It covers everything from prospectus standards and contract drafting to valuation methods, marketing compliance, and cybersecurity risks. With expert insights on avoiding legal pitfalls and meeting regulatory expectations, this annually updated volume is a vital tool for staying ahead in a rapidly evolving financial environment.

Highlights of this release include:

  • Chapter 1, An Introduction to Mutual Funds, follows the latest developments in the history of the mutual fund industry (Section 1:1).
  • Chapter 40, Treasury and Related Reporting, outlines key reporting obligations for U.S. institutional investors under the Treasury International Capital system, the Treasury Foreign Currency system, and the Bureau of Economic Analysis’s “BE system.” The discussion has been updated to include recent developments, with expanded coverage of the BE-10 Benchmark Survey (Form BE-10), highlighting its scope, filing requirements, and implications for cross-border investment reporting (Section 40:4.1[C]–[C][5]).
  • Chapter 45, Investment Management M&A, has been updated to cover the enforceability of non-compete agreements (Section 45:2.1); DOL fiduciary rule implementation (Section 45:3.7); and the U.K. FCA MiFID II rules on purchasing investment research (Section 45:5).
  • To aid in your research, the Table of Authorities and Index have been updated.

Order a print copy today.

PLI PLUS subscribers can access this title through their subscription.

Book Update: Investment Adviser Regulation: A Step-by-Step Guide to Compliance and the Law (Third Edition)

Stay ahead in the complex world of investment adviser compliance with Investment Adviser Regulation: A Step-by-Step Guide to Compliance and the Law. Covering SEC, state, and statutory standards, the book offers practical insights on registration, disclosure, advertising, cybersecurity, and more. With annual updates and expert guidance on Form ADV, advisory contracts, and best execution practices, it’s a must-have resource for advisers, attorneys, compliance professionals, and regulators.

Highlights of this release include:

  • Chapter 14, Privacy of Client Financial Information: An Overview, has been updated to reflect key regulatory developments, including the FTC’s May 2024 amendments to the Safeguards Rule, which now require financial institutions to report certain “Notification Events” (Section 14:2.2[E]). It also covers the NYDFS’s revised Cybersecurity Regulation—effective April 2024 and fully adopted by November 2025—introducing enhanced governance requirements for CISOs, expanded risk assessments, and updated incident response protocols (Section 14:6.3). Additionally, the chapter discusses Bermuda’s Personal Information Protection Act (PIPA), applicable to organizations handling personal data in Bermuda, including fintech firms (Section 14:7.4).
  • Chapter 42, Mutual Funds, covers the most recent reporting requirements affecting mutual funds (Section 42:1).
  • Chapter 43, Managed Advisory Accounts & Wrap Fee Programs, discusses the SEC’s Division of Examinations April 2024 risk alert that highlights the Division staff’s observations regarding compliance with the Marketing Rule (Section 43:10.2).
  • Chapter 54, Municipal Advisor Regulation, features expanded coverage of enforcement actions involving municipal advisors, focusing on both regulatory and fiduciary obligations (Section 54:1.1[A][1]–[A][4]). It also includes deeper analysis of how municipal advisory activities intersect with other professional services offered by advisor firms (Section 54:1.1[E][1]). Updates to MSRB and SEC rule discussions reflect recent rulemaking, including obligations for solicitor municipal advisors and requirements to obtain CUSIP numbers in certain competitive offerings (Section 54:18), along with enhanced guidance on supervisory and recordkeeping duties (Section 54:21).
  • Chapter 64, Blockchain and Digital Assets, has been updated to cover regulatory developments involving digital securities (Section 64:6.1) and commodities (Section 64:6.2).
  • To aid in your research, the Table of Authorities and Index have been updated.

Order a print copy today.

PLI PLUS subscribers can access this title through their subscription.

Book Update: Climate Change, Sustainable Investments, and Social Governance

Climate Change, Sustainable Investments, and Social Governance offers a thorough analysis of the regulatory environment surrounding financial products and institutions that incorporate sustainability and social responsibility. The book highlights how these considerations are increasingly central to financial regulation both in the U.S. and globally.

Highlights of this release (Release #1) include the following:

Chapter 2, Climate Risk and Disclosures and Related Issues for Financial Institutions: An Overview of the Framework, updated to track the transition of climate action from the Biden to the Trump Ad­ministration (Section 2:3.4).

Chapter 8, ERISA and ESG Investing, includes updated guidance on ERISA’s fiduciary duty in the context of ESG (Environmental, Social, and Governance) investing. It discusses the Department of Labor’s Advisory Opinion 2023-01A, (Section 8:3.3[G], and provides new case law updates related to ESG investing under ERISA, (Section 8:5).

To aid in your research, the Table of Authoritiesand Indexhave also been updated.

Order a print copy today.

PLI PLUS subscribers can access this title through their subscription.

New Edition! Net Leases and Sale-Leasebacks

Net Leases and Sale-Leasebacks: A Guide to Legal, Tax and Accounting Strategies (2025 Edition) covers all aspects of the ownership, financing, documentation, taxation, and accounting for net leases with a focus on those areas where the treatment of net leases differs from the treatment of other forms of real estate investment. Given their unique characteristics, net leases may be regarded as belonging to their own asset class, and the real estate professionals practicing in this field need to be familiar with the distinct issues that may arise.

The new edition includes the following updates:

  • Chapter 2, The Lease, New section 2:2.5 discusses the tenant’s right of rescission, covering material breach by the landlord (including independent versus dependent covenants; constructive eviction; and landlord’s breach of the covenant to repair); mistake; and fraud.
  • Chapter 5, Tax Considerations, has been further expanded in several areas:
    • Subsection 5:1.3[A] covers tenant purchase options and SILO (sale-in, lease-out) transactions.
    • Subsection 5:3.9[A] discusses whether a section 467 loan can satisfy the requirements for qualified real property business indebtedness.
    • Subsection 5:7.3[C][1] discusses the exemption for transfer of a leasehold interest in Pennsylvania.
    • Subsection 5:9.1[D] expands the discussion of choice of entity for the owner-landlord.
    • Subsection 5:10.2[E] discusses layered allocations versus target allocations for partnerships.
    • Subsection 5:10.6 explores the difference in tax consequences between a sale and a redemption of a partnership interest.
    • Subsection 5:15 discusses solar federal tax credits in depth.

Order a print copy today.

PLI PLUS subscribers can access this title through their subscription. 

Book Update: Financial Services Regulation Deskbook

Financial Services Regulation Deskbook covers the significant changes to the regulation of financial services institutions by the Dodd-Frank Wall Street Reform and Consumer Protection Act and subsequent implementing regulations. This book provides analysis of and commentary on the legislation’s practical effects on industry practice, including identifying areas of legal ambiguity that must be solved only by advocacy with the relevant regulators.

The new release includes updates to the following chapters:

Chapter 4, Systemic Regulation: Financial Stability Oversight Council, discusses the Analytic Framework for Financial Stability Risk Identification, Assessment, and Response, and the revised Guidance for Nonbank Financial Company Designations announced in November 2023.

Chapter 7, Bank Regulatory Reform, covers the Basel Endgame Proposal, which is the only significant proposal by the federal banking agencies to address the March 2023 bank failures.

The Table of Authorities and Index have also been updated for this release.

Order a print copy today.

PLI PLUS subscribers can access this title through their subscription.