Murphy & McGonigle launches website to track U.S. Treasury's capital markets reform recommendations

NEW YORK, Nov. 7, 2017 /PRNewswire/ -- Murphy & McGonigle, P.C., a leading provider of legal services to the financial services industry, has launched a dedicated website to track the U.S. Department of the Treasury's new recommendations that seek to reform capital markets regulation.

The site, www.CapitalMarketsReform.com, offers an objective overview and ongoing monitoring of the Treasury's 91 recommendations for reform outlined in its Oct. 6 report, "A Financial System That Creates Economic Opportunities: Capital Markets." The website and its Recommendation Tracker is available for free to all financial services companies and anyone with interest or a stake in the outcome of the proposals.

While outlining the current financial system's challenges, the Treasury report recommends reforms that it believes will promote economic growth and resilient financial markets, provide opportunities for issuers while protecting investors, prevent taxpayer-funded bailouts, and safeguard the financial system. Most recommendations call for action by the Securities & Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) rather than legislative fixes. 

CapitalMarketsReform.com's Recommendation Tracker allows users to search for the status of a particular recommendation, filter based on different categories, find Congress and agency (SEC/CFTC) deadlines, and bookmark specific recommendations to keep up-to-date.

"The site serves as an objective summary of the 91 recommendations, which we will track as future regulatory and legislative changes are implemented pursuant to the report," said Hong Le Webb, a corporate securities and international advisory attorney at Murphy & McGonigle and author of an 11-page summary of the Treasury's report, available on the site. "We are following the current Administration's proposals closely and in a nonpartisan manner to keep the public informed and our clients apprised of key developments to protect their interests."

"As attorneys, it is our duty to stay one step ahead of trends and follow changes in the financial services regulatory environment.  As we do so, we want to make the information we acquire available to the public and serve as a trusted resource to companies and individuals with a stake in capital markets reform," said James Murphy, Chairman of Murphy & McGonigle. "Since our firm's inception, we have placed a high priority on developing tools and solutions that combine our intellectual capital with technology to create products that help clients make better informed decisions. This new web platform is a prime example of our commitment to innovation."

About Murphy & McGonigle

Murphy & McGonigle, founded in 2010, was created based on an innovative law firm model that rigorously controls overhead while providing its attorneys and clients with state-of-the-art technology and litigation support to ensure both world-class service and maximum cost-efficiency. In the years since the financial crisis, that model has become increasingly attractive for clients in the financial services industry which has driven the rapid growth of the law firm. Murphy & McGonigle serves the litigation, enforcement defense, and regulatory counseling needs of clients across the full spectrum of the financial services industry -- from national banks, broker-dealers, investment advisers, and hedge funds, to national and international securities markets and exchanges.  Many of the firm's partners formerly served in senior positions at the U.S. Department of Justice, SEC, FINRA, and CFTC and several served in senior executive positions in major financial institutions on Wall Street.  Murphy & McGonigle operates out of offices in New York, Washington, D.C., and Richmond, Va.

SOURCE Murphy & McGonigle, P.C.

Related Links

http://www.CapitalMarketsReform.com