Parvin Moyne and Claudius Modesti Discuss White Collar Trends with CCBJ

Akin Gump litigation partners Claudius Modesti and Parvin Moyne have been featured in the Corporate Counsel Business Journal article “New Administration, New Trends For the White Collar Space.” The article discusses trends in the white collar space, the recent increase in case activity and predictions on key areas of focus for government regulation.

In the article, the lawyers discuss the recent developments in the white collar space since the start of the Biden-Harris administration. Moyne said, “With the new administration, 2021 has seen new leadership at the DOJ and many financial regulators, including the SEC, and a shift in enforcement priorities. We are already seeing a significant uptick in investigations and prosecutions of individuals and companies for a wide-range of financial crimes, including fraud, corruption and AML offenses.”

Speaking to the increase in docket activity, Modesti noted, “The changing of the guard at DOJ and the SEC has already gained traction in terms of renewed enforcement activity. Each agency likely will receive increased resources over the next several years, which will expand their capacity to investigate and prosecute additional matters.”

The lawyers also commented on which industries they expect to be the subject of regulatory focus. Moyne discussed the impact on the accounting space, noting, “There is a correlation between a market downturn and accounting enforcement. In those periods of downturn, investors seek redemptions which can cause or expose problems.” Modesti offered his thoughts on cryptocurrency, saying, “We also expect SEC chair Gensler to be active in the cryptocurrency space. He has written extensively about cryptocurrencies and has been a vocal advocate for treating most digital assets as securities.”

To read the full article, click here.