The Ultimate Guide to US Financial Regulations: A Primer for Lawyers and Business Professionals

By Josh Luberisse

Over the past several decades, the financial landscape and its regulation have experienced unprecedented growth and transformation. This era has seen significant advancements in financial markets, along with cyclical periods of regulatory reform, often in response to crisis situations. The recent financial crisis has generated immense interest in financial regulation from policymakers, economists, legal practitioners, and academics alike, sparking comprehensive regulatory reforms.
The Ultimate Guide to US Financial Regulations: A Primer for Lawyers and Business Professionals delivers an authoritative, up-to-date, and in-depth examination of the intricacies of financial regulation. With insights on banking, securities, derivatives, insurance, consumer financial protection, anti-money laundering, and international financial regulations, this comprehensive guide employs a contextual and comparative approach to explore academic, policy, and regulatory requirements.
The initial sections of the guide delve into the foundational themes that underpin financial regulation: financial systems and their regulation; the structure of financial system regulation; the evolution of Financial Regulation; the role of regulatory agencies as well as their various enforcement mechanisms; as well as insurance, banking and securities regulations. The latter sections focus on the core objectives of financial regulation, and explore key topics such as deposit insurance, consumer protection regulations, safety and soundness requirements, insider trading, securities fraud, and investment advisor regulations.
The Ultimate Guide to US Financial Regulations offers an indispensable resource for understanding and navigating the complex world of financial regulation, making it an essential read for professionals across the legal and business spectrum.

• Language: English
• Publisher: Fortis Novum Mundum
• Release date: Jun 26, 2023
• ISBN: 9798223537083

Josh Luberisse

Josh, a multifaceted entrepreneur and renowned author, has carved a niche for himself in the spheres of artificial intelligence, geopolitics, finance, and cybersecurity. With a myriad of authoritative books to his credit on these subjects, he is undeniably a luminary in the domain. Not just an author, Josh is also the charismatic host of "Innovate Now: The Pulse of Future Technologies," a groundbreaking podcast that unravels the intricacies of nascent technologies and the imminent future of innovation, accentuating on avant-garde progressions in AI, fintech, and quantum computing. His eclectic professional journey is an embodiment of diverse experiences. From serving at financial behemoths like Citi, Bank of America, BNY Mellon, Morgan Stanley, to JP Morgan Chase, his immersion in the financial industry is profound. His multilateral expertise as a licensed real estate agent, tax advisor, and a sagacious planner for retirement and estates accentuates the depth and breadth of his knowledge, enabling him to write with an unparalleled, informed perspective.  However, it's not just the financial world that has witnessed Josh's Midas touch. As an astute entrepreneur, Josh has birthed and nurtured several startups. His brainchild, Neuromorph Systems, stands as a testament to his vision. A future global tech titan, it specializes in data management, system integration, and artificial intelligence. With a mission to shield the pivotal systems of its global clientele and concurrently offer them unparalleled data management, visualization, and analysis capabilities. In the realm of venture capital, Josh's VC firm, Other People's Capital, emerges as a game-changer. Dedicated to bolstering founders with groundbreaking ideas, the company's expertise lies in fostering and propelling enterprises that have the potential to define entire categories. With a track record replete with highly successful exits, Other People's Capital has a legacy of identifying and nurturing businesses that ascend to industry leadership. Josh's journey, from his stint in the financial realm to his foray into the world of startups, underlines his unmatched expertise and vision. As a thought leader, seasoned practitioner, and an indomitable entrepreneur, his writings and ventures are not just about envisioning the future but also about shaping it.

Book preview

The Ultimate Guide to US Financial Regulations

A Primer for Lawyers and Business Professionals

Josh Luberisse

Fortis Novum Mundum

Copyright © 2023 Fortis Novum Mundum

All rights reserved

No part of this book may be reproduced, or stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without express written permission of the publisher.

Any content provided herein should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make.

In no event should the content of this correspondence be construed as an express or implied promise or guarantee.

No guarantee of any kind is implied or possible where projections of future conditions are attempted.

None of the content published constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. None of the information providers or their affiliates will advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter.

By reading this book, the reader agrees that under no circumstances is the author responsible for any losses, direct or indirect, which are incurred as a result of the use of the information contained within this manuscript, including but not limited to errors, omissions, or inaccuracies.

Cover design by: Fortis Novum Mundum

The Ultimate Guide to US Financial Regulations

A Primer for Lawyers and Business Professionals

By

Josh Luberisse

Table of Contents

Chapter 1: Introduction to the US Financial Regulatory System

1.1.Overview of US Financial Regulatory System

1.2.Role of US Regulatory Agencies

1.3.Evolution of Financial Regulations in the US

Chapter 2: US Banking Regulations

2.1. Overview of US Banking Regulations

2.2. Deposit Insurance & Safety and Soundness Requirements

2.3. Anti-Money Laundering Regulations

2.4. Consumer Protection Regulations

Chapter 3: Securities Regulations

3.1. Overview of Securities Regulations

3.2. SEC Regulations and Enforcement Actions

3.3. Insider Trading and Fraud Regulations

3.4. Investment Advisor Regulations

Chapter 4: Derivatives Regulations

4.1. Overview of Derivatives Regulations

4.2. CFTC Regulations and Enforcement Actions

4.3. Swaps and Futures Regulations

4.4. Systemically Important Financial Institutions (SIFIs) Regulations

Chapter 5: Insurance Regulations

5.1. Overview of Insurance Regulations

5.2. State and Federal Insurance Regulations

5.3. Solvency and Risk Management Regulations

5.4. Consumer Protection Regulations

Chapter 6: Consumer Financial Protection Regulations

6.1. Overview of Consumer Financial Protection Regulations

6.2. CFPB Regulations and Enforcement Actions

6.3. Truth in Lending Act (TILA) and other Consumer Protection Laws

6.4. Fair Lending and Anti-Discrimination Regulations

Chapter 7: Anti-Money Laundering and Counter-Terrorism Financing Regulations

7.1. Overview of AML/CFT Regulations

7.2. Customer Due Diligence (CDD) and Know-Your-Customer (KYC) Rules

7.3. Sanctions and Anti-Corruption Regulations

Chapter 8: International Financial Regulations

8.1. Overview of international financial regulations

8.2. Basel Accords and other international standards

8.3. Cross-border transactions and regulatory considerations

References

Books, Articles, Websites, Reports and Studies.

Index

Disclaimer

Any content provided herein should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make.

Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.

Past results are no indication of future performance.

In no event should the content of this correspondence be construed as an express or implied promise or guarantee.

Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than their original investment.

The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains.

The author of this book is not responsible for any losses incurred as a result of using any of our trading strategies.

Loss-limiting strategies such as stop loss orders may not be effective because market conditions or technological issues may make it impossible to execute such orders. Likewise, strategies using combinations of options and/or futures positions such as spread or straddle trades may be just as risky as simple long and short positions. Information provided in this correspondence is intended solely for informational purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed.

No guarantee of any kind is implied or possible where projections of future conditions are attempted.

None of the content published constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. None of the information providers or their affiliates will advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter.

By reading this book, the reader agrees that under no circumstances is the author responsible for any losses, direct or indirect, which are incurred as a result of the use of the information contained within this manuscript, including but not limited to errors, omissions, or inaccuracies.

Contents

Title Page

Copyright

The Ultimate Guide to US Financial Regulations

Disclaimer

Preface

Chapter 1: Introduction to the US Financial Regulatory System

Chapter 2: US Banking Regulations

Chapter 3: Securities Regulations

Chapter 4: Derivatives Regulations

Chapter 5: Insurance Regulations

Chapter 6: Consumer Financial Protection Regulations

Chapter 7: Anti-Money Laundering and Counter-Terrorism Financing Regulations

Chapter 8: International Financial Regulations

References

About The Author

Books By This Author

Preface

In the dynamic and ever-evolving world of finance, the role of regulation has never been more critical. With the scars of the recent financial crisis still fresh in our collective memory, the imperative to develop robust and comprehensive regulatory frameworks has become paramount. As we continue to witness significant changes in financial markets and regulatory reforms, there is a pressing need for a guide that can help legal and business professionals navigate the complex landscape of financial regulation.

The Ultimate Guide to US Financial Regulations: A Primer for Lawyers and Business Professionals is my response to that need. It is a culmination of years of research, expertise, and experience, aimed at providing a comprehensive and authoritative account of the nature of financial regulation in the United States.

This guide has been meticulously crafted to take a contextual and comparative approach, examining the scholarly, policy, and regulatory developments that have unfolded over the past thirty years. By doing so, I hope to offer the readers a deeper understanding of the underpinnings of financial regulation and the key objectives it seeks to achieve. My ultimate wish is that this guide will serve as a valuable reference point for those grappling with the challenges of financial regulation, as well as those seeking to understand its broader implications.

The contributions of an international team of leading scholars and experts in the field have been instrumental in shaping this guide. Their collective wisdom and expertise have enabled us to present a comprehensive overview of financial regulation, addressing both its horizontal themes and perennial objectives. I am incredibly grateful for their insights and the rigorous analysis they have brought to this work.

As I present this guide, I am keenly aware that the world of financial regulation is constantly evolving. New challenges and opportunities will undoubtedly emerge in the years to come, and regulatory frameworks will need to adapt accordingly. It is my belief that this guide, by providing a solid foundation in the principles and practice of financial regulation, will equip our readers to meet these challenges head-on.

In a time of increasing complexity and rapid change, I hope that this book will serve as an essential resource for understanding the intricacies of financial regulation and its broader implications for the global financial system.

Chapter 1: Introduction to the US Financial Regulatory System

Overview of US Financial Regulatory System

The United States financial regulatory system is a complex web of federal and state agencies that oversee various aspects of the financial services industry. These agencies are tasked with maintaining the stability and integrity of the financial markets, protecting investors and consumers, and enforcing compliance with relevant laws and regulations. In this section, we will provide an overview of the most important financial regulators and the primary laws and regulations governing the US financial system.

Major US Financial Regulators

Securities and Exchange Commission (SEC)

The SEC is the primary federal regulatory authority overseeing the US securities markets. Established by the Securities Exchange Act of 1934, the SEC's mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. The SEC is responsible for enforcing federal securities laws,