KYL Shareholder Stacey Garrett analyzes the implications of California’s new consumer privacy law and offers five practical business solutions
California sent shock waves around the world in June 2018 when lawmakers unanimously approved the California Consumer Privacy Act. The new California privacy law is the toughest, most consumer-friendly privacy regulation in the United States. Although businesses with...
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Securities Alert: SEC Vacates and Remands All Pending Administrative Enforcement Proceedings in the Wake of Lucia v. SEC
The Securities and Exchange Commission continues to revamp its administrative enforcement procedures to steer clear of additional constitutional challenges based on the SEC’s use of administrative law judges (“ALJs”). The SEC’s latest order is in response to the...
read moreRecent Result: Victory for Respondent on an $8.5 Million Claim in a 36-day AAA Securities Arbitration. In Addition, Respondent was Awarded $4.1 Million Net on Its Counterclaims.
Keesal, Young & Logan shareholders Neal Robb and Esther Cho obtained a defense award in an arbitration before the American Arbitration Association that spanned nearly 7 years of litigation. The main Claimant, a CPA, had been the partner and a client of...
read moreNine KYL Shareholders Named to 13 Different Specialties in 2019 Edition of The Best Lawyers in America
The 2019 list of "The Best Lawyers in America," the results of an extensive peer review process, was released today. Keesal, Young & Logan (KYL) lawyers have been listed in Best Lawyers for 26 years straight and the firm is proud to have nine of its shareholders...
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KYL and Mitratech Announce Workflow Automation Partnership with the Launch of Keesal Propulsion Labs
NEW YORK, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Keesal, Young & Logan (KYL) and Mitratech announced today the TAP Workflow Automation partnership to help a greater number of legal professionals quickly implement standardization and compliance across a wide range of...
read moreAlert: California Supreme Court Holds CashCall’s Interest Rate on Consumer Loans Might Be Unconscionable
Yesterday (August 13, 2018) the California Supreme Court held in De La Torre et al. v. CashCall that consumer loans exceeding $2,500 made by California licensed lenders may be unconscionable because of high interest rates. Before yesterday’s decision, the prevailing...
read moreKYL Obtains Defense Award on $1 million Securities Claim
KYL successfully obtained a defense award from a FINRA arbitration panel on behalf of a major brokerage firm on a claim for approximately $1 million brought by a customer who alleged that her account underperformed the market, that the firm was responsible for a large...
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KYL Obtains Defense Award on $1 million Securities Claim
KYL successfully obtained a defense award from a FINRA arbitration panel on behalf of a major brokerage firm on a claim for approximately $1 million brought by a customer who alleged that her account underperformed the market, that the firm was responsible...
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Securities Alert: What Judge Brett Kavanaugh’s Appointment to the Supreme Court Could Mean for the Securities Industry
President Donald J. Trump has nominated Judge Brett Kavanaugh to the Supreme Court of the United States. This Alert examines two of Judge Kavanaugh’s recent opinions regarding SEC enforcement procedures and analyzes how Judge Kavanaugh, if confirmed to the high...
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Alert: E.U.-U.S. Privacy Shield may be Eliminated as of September 1, 2018
It’s been a dizzying two months for organizations trying to comply with new global and domestic privacy rules. First, on May 25, 2018, the European Union’s General Data Protection Regulation (GDPR) went into force. (See GDPR Day is Here: Why U.S. Companies Should...
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Law.com feature by KYL’s Justin Hectus and Kristy Sambor Covers the Intersection of Blockchain and GDPR
Law.com feature by KYL’s Justin Hectus and Kristy Sambor Covers the Intersection of Blockchain and GDPR In a nutshell, GDPR mandates that individuals have access and control over the use and maintenance of their data in certain circumstances, while the...
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Privacy Alert: California Lawmakers Approve Groundbreaking Privacy Law
California lawmakers unanimously approved the California Consumer Privacy Act of 2018 (AB 375, linked here) on Thursday. The CCPA is an extensive new privacy law that gives California residents powerful rights over the personal information that businesses...
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Cyber Alert: The Eleventh Circuit has Ruled – FTC Cease and Desist Orders Must Identify Prohibited Conduct with Clarity and Precision
LabMD, a now-defunct cancer-screening lab based in Georgia, has spent a decade fighting the Federal Trade Commission (“FTC”). Last week, LabMD won the fight. In LabMD, Inc. v. Federal Trade Commission, the United States Court of Appeals for the Eleventh...
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Securities Alert: Proposed New Suitability Rule Would Remove Control Element From Churning – Quantitative Suitability Obligation – Comment Period Ends June 19, 2018
FINRA Rule 2111 requires a broker to have a reasonable basis to believe that a recommended security transaction or investment strategy is suitable for the customer. The “quantitative suitability” component of Rule 2111 (prohibiting “churning”) also requires that...
read moreLaw.com Feature by KYL’s Stacey Garrett: "Are U.S. Records Retention Requirements on a Collision Course with the GDPR’s ‘Right to Erasure?’"
Wondering how organizations can comply with both U.S. records retention laws and the Global Data Protection Regulation’s “right of erasure?” Keesal, Young & Logan shareholder Stacey Garrett analyzes the issue in this feature published in Cybersecurity Law &...
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GDPR Day Is Here: Why U.S. Companies Should Care, and Five Tips Toward GDPR Compliance
May 25, 2018 is GDPR Day: the deadline to comply with the European Union’s sweeping privacy and data protection law, the General Data Protection Regulation. The intent of the GDPR is to protect the data privacy of individuals in the EU and to create consistent...
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Lawdragon Lawyer Limelight: John Giffin
The following interview was reprinted with permission from Lawdragon.com. The “Law of the Sea” as a concept generally only comes across our bow when it has to do with international boundaries, fishing and mineral rights, and, well, maybe on International Talk like a...
read moreBrokerage firm successfully obtained order for the appointment of a Public Guardian to protect a 91-year-old vulnerable investor and his three accounts.
Keesal, Young & Logan attorneys Steve Young and Kate Handy recently assisted a major broker-dealer in obtaining a conservatorship over three valuable accounts of a 91-year-old customer who had been diagnosed with Alzheimer’s Dementia. The broker-dealer’s internal...
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Securities Alert: Two New Rules Take Effect Immediately
Two significant new rules affecting securities firms take effect immediately. First, as of Friday May 11, 2018, FinCEN’s Customer Due Diligence Requirements for Financial Institutions (“CDD Rule”) requires FINRA members to identify and verify the beneficial owners of...
read moreWomen in Banking Forum 2018 Features Presentation by KYL Shareholder Stacey Garrett
Keesal, Young & Logan Shareholder Stacey Garrett will be one of the featured speakers at the 2018 Women In Banking Forum presented by the Western Independent Bankers (WIB) Association in San Diego on May 30 and 31. Stacey's presentation is entitled “Adding Value...
read moreDaily Journal Article ‘The Continuing Saga of PAGA’ by KYL’s Peter Boutin
Keesal, Young & Logan's Peter Boutin recently published an article in The Daily Journal covering the Private Attorneys General Act (PAGA). Please click here for a full copy of the article.
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CLOC Institute 2018: KYL Invited to Participate in Panels on Cybersecurity and Workflow Automation
Keesal, Young & Logan (KYL) is an enthusiastic supporter of the Corporate Legal Operations Consortium (CLOC) movement and we are proud to be returning to the agenda at the CLOC Institute this week in Las Vegas. KYL has been an active participant in the CLOC...
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Securities Alert: SEC Submits “Regulation Best Interest” for 90-Day Public Comment
On Wednesday, the SEC released its proposal for “Regulation Best Interest” which, if approved, will bring about changes to the standards governing financial services firms and professionals serving retail investors. The SEC’s goal is to provide retail investment...
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KYL Handles Successful Acquisition of Historic Ocean Center Building
Keesal, Young & Logan (KYL) assisted client Pacific6 with the $18,000,000 purchase of the historic Ocean Center Building in Long Beach this month. The deal comes on the heels of a January transaction in which KYL assisted with Pacific6’s $38,000,000 acquisition...
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