PEP | Ep 011 | Navigating SEC Regulations in the Payments Industry | w/ Jarvis Lagman & Bill Petti | Payments Experts Podcast

The Payments Experts Podcast

What if you could navigate the murky waters of SEC regulations and the payments industry with ease? This episode brings you face-to-face with the insights of senior associate attorney Jarvis Lagman and associate attorney Bill Petti, as they dissect the impact of SEC subpoenas regulation on the payments industry. We chew on the complexities of how federal securities laws empower potential investors to make informed decisions, and how cryptocurrency has been labeled as securities by the SEC. Not stopping there, we explore the implications of activities and services related to payments that are subject to securities laws, and the obligations that tag along.
An understanding of the power dynamics between the SEC and the payments industry is crucial. Lagman and Petti help us unravel the pros and cons of various approaches to securities regulation and how one can guard themselves both ethically and legally. We take the conversation a notch higher, as we ponder on the respect accorded to the SEC and its potential to inhibit commercial activity. Also, we attempt to answer the question - is there more leeway to dispute rulings in a traditional court setting than in an administrative proceeding? And of course, we wouldn't leave you hanging without discussing the best practices to follow for your protection.
Let's not forget the bread-and-butter issues that affect businesses daily. We talk about how securities law applies to businesses raising funds or selling equity positions, regardless of whether they are public or private. We emphasize the importance of transparency and best practices in managing records, financial reporting, and accounting. We also discuss the absolute necessity for LLCs to have an operating agreement and the potential consequences of not having one. Wrapping up the episode, we give you insights into the rights you have during an SEC investigation and the different indemnification statutes that may be applicable. Stay tuned and equip yourself with this crucial knowledge.
Welcome to the Payments Experts Podcast!
A podcast of Global Legal Law Firm.
Since 2008, and based in San Diego, CA, Global Legal has represented clients across the nation, and internationally, in the world of electronic payments.
ISOs, Fintech, payfacs, agents, merchants, processors, acquiring banks, and card brands, if these terms mean something to you, this podcast is for you! If these terms aren’t so familiar, this podcast is even more for you!
We hope you enjoy this episode of the Payments Experts Podcast!
*****
New episodes 1st and 3rd Thursdays!
If you’re interested in learning more about PEP and how Global Legal Law Firm may be able to assist you, please visit us at
https://www.globallegallawfirm.com/
Give us a call at 888-846-8901
or email us at [e-mail]
Be sure to tell us you heard us here on the Payments Experts Podcast!
(The PEP Podcast is intended for education and entertainment – nothing said in this Podcast is or should be considered legal advice. Please contact Global Legal Law Firm to schedule a free consultation.)

A payments podcast of Global Legal Law Firm

Kapitler

1. SEC Regulations and Payments Industry (00:00:00)

2. Understanding Securities Regulation and Legal Compliance (00:13:58)

3. Securities Law and Ideal Clients (00:23:29)

4. Rights and Procedures in SEC Investigations (00:30:26)