Art and the Art of Raising Money: Part 4, Asset Classes Q&A

Julianne DardanesBest Practices, Video

Part 3 of our Art and the Art of Raising Money series focused on certain factors of production and distribution that correlate with a film’s financial success. All three of our panelists agreed that the best strategy involves investing in a promising production team.

The remaining portion of the event was opened up to the audience for questions, and it was no surprise that a crowd full of creatives and aspiring producers wanted to know more about how to capitalize on creative content.

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Ending the EU Affair: Brexit and the Markets

Julianne DardanesCase Studies, Market Rules & Responsibilities

brexit

In the words of famous English rock band The Clash, Britain has been asking itself “should I stay or should I go?” for the past ten months now – the relationship in question being its affair with the European Union. After a year-long campaign on both sides of the coin to determine the country’s political and economic future, the U.K. finally voted to call it quits.

But, as we all know, break-ups can be messy and cutting ties is easier said than done. The case of Britain and the EU is no different. Exit procedures outlined in Article 50 of the Lisbon Treaty state that a member must withdraw from the Union in accordance with its own constitutional requirements – meaning the final decision will likely be in the hands of parliament. Since the government is not legally required to act on the results of the referendum, Britain will remain a member of the European Union until its politicians decide otherwise (which may take a while from the sounds of Prime Minister David Cameron’s resignation announcement).Read More

Countdown to Crowdfunding: Illinois Intrastate Crowdfunding Portals Expected Soon

Elaine Wyder-HarshmanStartup Tips & Resources

illinois-intrastate-crowdfunding

Illinois intrastate crowdfunding is coming soon, offering new fundraising and investment opportunities to Illinois businesses and Illinois investors. Enacted in 2012, Illinois intrastate crowdfunding is just weeks from implementation. The final proposed set of rules, governing internet crowdfunding portals, was issued on Friday, March 18, 2016. The Illinois Secretary of State will be taking applications for registration as an internet portal during the 45-day comment period, which ends May 2. It is expected that Illinois crowdfunding portals will be authorized to do business relatively soon after the comment period ends in May.Read More

NFA: Information Systems Security Programs Due March 1, 2016

Steven BylinaBest Practices, Market Rules & Responsibilities, Operations

national-futures-association-and-information-systems-security-programs

The National Futures Association (NFA) held its first NFA Cybersecurity Workshop on February 2, 2016 in Chicago. The workshop consisted of discussion of NFA Cybersecurity Interpretive Notice to Compliance Rules 2-9, 2-36, and 2-49 entitled Information Systems Security Programs (ISSP) and ISSP policy development.

The NFA is requiring CPO’s, CTA’s, IB’s, FCM’s, retail foreign exchange dealers, swap dealers, and major swap participants to have an ISSP in place by March 1, 2016. The ISSP will require member firms to adopt and enforce written policies and procedures to secure customer data. The ISSP should be tailored to their specific business activities and risk.Read More

2112: Our Home and the Cause of M&A Close to Home

Ilya ZlatkinFirm News

Ziliak-Law-and-2112At Ziliak Law we pride ourselves on our roots in the financial services industry and our tenancy within the Chicago Board of Trade. At the same time, since the inception of the firm in May 2013, we’ve branched out to service other industries, including music, film, theatre, and other media-related practice areas. At the core of our involvement in the entertainment law space is our presence at 2112, a Chicagoland creative industries incubator.

Back in March 2015, Forbes ran a great article on the blueprint for 2112. When the incubator opened its doors in July of the same year, Ziliak Law was one of its inaugural tenants. Last week ChicagoInno profiled all of the current members at 2112. Skimming down the list of companies, it’s great to reflect on the significant progress that’s occurred at the incubator in half a year. Some of the current members are clients of ours, and that’s in large part due to our presence there.Read More

The Tip of the Spoofing Iceberg

Diona RogersMarket Rules & Responsibilities

spoofing

Early in November, after a highly anticipated week-long trail, a jury of twelve found CME futures trader, Michael Coscia, 53, guilty of six counts of commodities fraud and six counts of spoofing in Illinois Federal Court. The outcome of the case serves as a warning to other market participants as this may be only the tip of the iceberg for spoofing prosecutions in the future.Read More

Advisers, Cybersecurity, and Regulation

Matthew TobinMarket Rules & Responsibilities, Operations

cybersecurity-and-sec-regulation

Almost daily, headlines are peppered with reports of hackers breaching the cyber defenses of major institutions and governmental bodies, garnering information that could seriously compromise not only the financial well-being of countless individuals but also the financial stability of the nation. Even governmental bodies such as the U.S. Office of Personnel Management are susceptible to unwanted intrusions. [1] If the main custodian of the United States government’s most important personnel information can be hacked, who is not at risk?Read More