STLR Link Roundup – October 10, 2012

Philippines Top Court Suspends Cybercrime Law Last week, the Philippines Legislature passed the Cybercrime Prevention Act of 2012. The statute was aimed at deterring a wide variety of cybercrimes including hacking, distribution of child pornography, identity theft and libel. Amidst public concern that the law could be an illegitimate restriction of free speech, particularly due to the restriction of certain websites and the harsh criminal penalties for online libel, the top court in the Philippines Continue Reading →

Taking a Slow Approach to High-Frequency Trading

As the New York Times reports, other countries are leading the way to implement new regulations on high-frequency electronic trading while regulators in the U.S. have been “slow to act.” In my view, that may not be such a bad thing. High-frequency trading (HFT) refers to algorithm-driven, computerized strategies that allow traders to move from one position to another in mere seconds, though often in microseconds.  HFT traders make a profit from a “flash trade” Continue Reading →

Cloud Computing for the Financial Services Industry

This post examines legal and regulatory issues facing the adoption of cloud computing in the financial services industry. While cloud computing has given the companies that use it the ability to operate more efficiently at reduced cost, the financial services industry has been slow to adopt this technology because of different state, federal, international, and industry regulations unique to this area.  We begin with an overview of cloud computing, continue by focusing on specific hurdles Continue Reading →

STLR Link Roundup – October 5, 2012

NYC Campus Receives A US Patent Officer This past Tuesday, the US Department of Commerce and Cornell University announced that a patent officer will be assigned to the new Cornell NYC Tech School set open in January. The school will be run by Cornell and the Technion-Israel Institute of Technology and will admit approximately 20 students to the first class of its master’s degree program. The patent worker will give classes on how to best Continue Reading →

STLR Link Roundup – October 1, 2012

Google Can Test Its Driverless Cars in California A new law in California allows Google’s cars on the road, as long as there is a driver inside ready to take control. This license to Google to test their cars comes on the heels of similar legislation in Nevada. A reporter from CNN test-drove Google’s car, and a columnist for Wired predicted that nobody will need a drivers’ license in 2040.   FBI Battles Industry Over Continue Reading →