New Equity Crowdfunding Rules: Expanded Options for Intrastate Fundraising

Zach ZiliakMarket Rules & Responsibilities

Expanded-Intrastate-Offering-Options

The Jumpstart Our Business Startups Act (JOBS Act) of 2012 created the promise of widespread crowdfunding of new business ventures.  While non-equity crowdfunding options like Kickstarter and Indiegogo had been around for years, companies could not entice investors with a share of their businesses without completing extensive disclosures, limiting their offers to accredited investors, or capping the size of their … Read More

CME Rule 575: Disruptive Trading Practices Explained

Zach ZiliakMarket Rules & Responsibilities

Ziliak Law Associate Doug Cahanin, Founder of Derivatives Law  Blog, wrote this blog on disruptive trading practices on October 21, 2014. It is excerpted below, the full article is available by clicking “read more.” Starting Point: The Commodity Exchange Act The Chicago Mercantile Exchange (“CME”) recently issued a new rule, CME Rule 575, and an accompanying Market Regulation Advisory Notice … Read More

A Tale of Two Issues: Breaking Down the HFT Debate

Zach ZiliakMarket Rules & Responsibilities, Operations, Video

Managing Partner Zach Ziliak has seen both sides of the HFT universe. A As a quant at an investment bank, he developed trading algorithms. As an attorney, he represents firms covering the whole Investment spectrum. As a participant in the AT 9000 initiative, he is working on the development of quality management standards for the testing of high frequency and … Read More

Regulating Automated Trading

Zach ZiliakMarket Rules & Responsibilities

Ziliak Law Partner Zach Ziliak wrote a guest commentary on John Lothian News on 9/12/13; it is excerpted below. To read the full article, please click “read more.” Guest Commentary: Regulating Automated Trading, Not Just Chilton’s Cheetahs The Commodity Futures Trading Commission’s Technology Advisory Committee (CFTC TAC) met Thursday to address swap regulations and automated trading (AT). Most press attention … Read More

High Frequency Trading Rules: Three Part Harmony

Zach ZiliakMarket Rules & Responsibilities, Video

Prior to opening Ziliak Law, Zach Ziliak was invited by Marketswiki.tv to speak on HFT practices in January 2013. The full article (excerpted below) and video is available by clicking “read more.” High-frequency trading (HFT) has been in the financial press a lot over the past several years. From the Flash Crash of 2010 to the collapse of Knight Capital in … Read More

Roundtable Recap: SEC’s Technology Panels, October 2012

Zach ZiliakMarket Rules & Responsibilities, Operations

Ziliak Law Partner Zach Ziliak wrote a “featured commentary” for MarketsReformWiki in October, 2012. Roundtable Recap: SEC’s Technology Panels, October 2, 2012 On Tuesday October 2, 2012, technologists from automated trading companies told the Securities and Exchange Commissionthat the industry would benefit internally from enhanced quality control and externally from the adoption of safeguards like “kill switches.” [Read more…]