On December 4, 2020, the Securities and Exchange Commission announced the settlement of its first ever enforcement action against a public company for misleading COVID-19 related disclosures.[1] The SEC charges centered on alleged misrepresentations the company, a major restaurant operator, made in two press releases during the early days of the pandemic regarding how
Regulators Continue to Emphasize Anti-Money Laundering Compliance
On September 24, 2020, Commodity Futures Trading Commission (“CFTC”) Commissioner Dan Berkovitz discussed the agency’s Anti-Money Laundering (“AML”) enforcement program in detail, signaling the CFTC’s commitment to ensuring that financial institutions and other CFTC registrants comply with applicable AML regulations.
[1] Commissioner Berkovitz’s remarks accord with the priorities of several other regulators that have recently highlighted
New Illinois Requirements on Use of AI to Screen Job Applicants Present Challenges for Employers
State law regulation of the use of artificial intelligence (“AI”) in hiring is happening now. Illinois Governor JB Pritzker recently signed the Artificial Intelligence Video Interview Act (the ”Act”) into law. Effective January 1, 2020, the Act imposes new requirements on employers that use artificial intelligence to screen job applicants for Illinois-based positions using video‑recorded