In the past few years, cryptocurrencies such as Bitcoin and Ethereum steadily gained credibility in the global finance market. Still, cryptocurrency—a digital or virtual medium of exchange-- is so new that many people barely know of it, let alone understand it. But as this new type of currency gains mainstream traction, it is raising complex issues in numerous fields.
Back to that fingerprinting.
Legions of reasonable people are likely to regard the following scenario as a tale marked by unfairness and a flat lack of logic.
California’s many financial advisers who hold professional licenses in their field and manage clients’ investments have always been under a regulatory spotlight. A plethora of state and federal laws closely govern their conduct and render them potentially liable for alleged misconduct across the full spectrum of services they provide.
You’re simultaneously focused on many things as a licensed California professional well established and respected in your field. You obviously want to impress your clients and customers, leaving them well satisfied with both your work product and the tailored outcomes you craft that optimally promote their interests.
California attorneys hardly need to be reminded that they’re under a relentless regulatory spotlight as they pursue their professional careers.
Many members of the general public in California and nationally likely do not know what the acronym FINRA stands for.
Although most jobs and career opportunities across California do not require applicants to obtain security clearances, legions do. It is routinely the case that many people working in the military, federal and state agencies, contracting firms and other entities must clear hurdles to secure the valuable right to work conferred through clearance.
We noted in our immediately preceding blog post the vast sweep of regulatory powers wielded by the California Department of Social Services. As we stressed in our February 26 entry, the CDSS "is not to be trifled with."
California businesses spanning virtually every type understand well the overlay of regulations on their industries generally and on them in individualized fashion. Legislators in Sacramento and working across the state are a collectively busy bunch, which yields material implications for commercial entities tasked with regulatory compliance.