Securities Enforcement. Corporate Investigations. Financial Regulation.

Independent analysis of the laws, regulations, investigations, and enforcement actions shaping modern financial markets.

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GESMER UPDEGROVE

BRAEDEN ANDERSON

Braeden is one of the top securities lawyers in the country and was recognized by Best Lawyers: Ones to Watch® in America in the Financial Services Regulation Law and Securities Regulation categories. This honor is awarded to only the top 2% of attorneys in the United States and is based on a comprehensive peer-review survey.

Braeden helped lead Gesmer Updegrove to recognition in The Legal 500 United States for Corporate Investigations & White Collar Crime, Tier 3, and Finance: Fintech, Tier 4.

Braeden is active in the U.S. securities enforcement community through Securities Docket, where he has served on the 2025 and 2026 Advisory Boards and contributed video commentary through the Weekly Update.

Braeden was named the #1 United States author in FinTech in Mondaq’s Spring 2025 Thought Leadership Awards, reflecting the national reach and influence of his writing on fintech, securities regulation, and digital asset policy.

FINRA Proposes Risk-Based Overhaul of Rule 2210 Communications Review
K. Braeden Anderson K. Braeden Anderson

FINRA Proposes Risk-Based Overhaul of Rule 2210 Communications Review

FINRA has proposed significant amendments to Rule 2210 that would replace mandatory principal pre-use approval of many retail communications with a risk-based supervisory framework. Regulatory Notice 26-14 also would modernize the treatment of social media, address firms’ use of generative AI, revise communications filing requirements, and simplify standards governing investment recommendations. Comments on the proposal are due September 11, 2026.

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CFTC Scrutiny of Polymarket Puts Prediction-Market Compliance in Focus
K. Braeden Anderson K. Braeden Anderson

CFTC Scrutiny of Polymarket Puts Prediction-Market Compliance in Focus

The CFTC’s reported investigation into Polymarket marks a significant test for prediction-market regulation. This Anderson Insights article examines Polymarket’s prior CFTC settlement, recent congressional scrutiny, allegations involving influencer marketing and simulated trading, and the broader compliance implications for event-contract platforms operating at the intersection of derivatives regulation, consumer protection, and gambling law.

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SEC and CFTC Revisit the Foundations of Title VII: What the Joint Request for Comment Signals for Derivatives Markets
K. Braeden Anderson K. Braeden Anderson

SEC and CFTC Revisit the Foundations of Title VII: What the Joint Request for Comment Signals for Derivatives Markets

The SEC and CFTC have launched a joint review of key Title VII derivatives definitions, signaling potential changes for swaps, security-based swaps, digital asset derivatives, prediction markets, and other emerging financial products. Learn what the request for comment means for market participants and the future of derivatives regulation.

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CFTC Seeks Input on Regulatory Barriers Facing Fintech Firms
K. Braeden Anderson K. Braeden Anderson

CFTC Seeks Input on Regulatory Barriers Facing Fintech Firms

The Commodity Futures Trading Commission has issued a Request for Information seeking public comment on regulations, guidance, no-action letters, and other regulatory items that may hinder fintech firms from partnering with regulated institutions or accessing CFTC-regulated markets. The initiative, issued pursuant to Executive Order 14405, could have significant implications for fintech, digital asset, and financial services firms seeking greater regulatory clarity and streamlined market access. Learn what the CFTC is asking for and why this development matters.

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Gary Gensler’s Most Entertaining Lines in the Kalshi Litigation
K. Braeden Anderson K. Braeden Anderson

Gary Gensler’s Most Entertaining Lines in the Kalshi Litigation

Gary Gensler’s amicus brief in the Kalshi litigation has become one of the most discussed filings in securities, derivatives, and fintech circles. Regardless of where lawyers stand on prediction markets, federal preemption, or Gensler’s broader regulatory legacy, the brief contains a number of unusually memorable passages. Here are the quotes and arguments that have generated the most attention across the legal industry.

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