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Securities Litigation and…

Securities Litigation and Regulatory Enforcement Blog

Covers SEC investigations, insider trading, derivative actions, white collar defense, and whistleblowers. By Orrick, Herrington & Sutcliffe LLP.

http://blogs.orrick.com/securities-litigation/

May 21
SEC Considering More Stringent Requirements For Cybersecurity Disclosures in the Wake of Stock Manipulating Hacking Case

SEC Considering More Stringent Requirements For Cybersecurity Disclosures in the Wake of Stock Manipulating Hacking Case

Following up on clues earlier this year that the SEC may increase its scrutiny of cybersecurity disclosures, SEC Chairman Mary Jo White has asked the Commission to evaluate current guidance for cybersecurity disclosures and to consider…
May 16
What’s the Right Way to Respond to a Shareholder Books and Records Request?

What’s the Right Way to Respond to a Shareholder Books and Records Request?

Delaware law gives shareholders the right to request corporate books and records in order to investigate issues that are of interest to them. For several decades now, Delaware courts have encouraged shareholders to take advantage of this…
May 15
A Look Ahead at SEC Enforcement Actions – with Orrick’s Jim Meyer

A Look Ahead at SEC Enforcement Actions – with Orrick’s Jim Meyer

Orrick partner Jim Meyers provides his perspective to JD Supra in the May 14, 2013 article, “A Look Ahead at SEC Enforcement Actions – with Orrick’s Jim Meyers.” Jim comments on trends in Securities and Exchange…

Rank this Week: 26

William Carleton, Counselor @ Law

Covers legal and investment issues facing emerging tech companies.

http://www.wac6.com/wac6/

May 22
Same-sex marriage and the accredited investor standard

Same-sex marriage and the accredited investor standard

The accredited investor standard is effectively lower for married couples. To the extent same-sex couples are denied the right to marry, this means the accredited investor standard discriminates on the basis of sexual orientation.
May 21
Boldly embracing one's vowel-deficient way

Boldly embracing one's vowel-deficient way

I saw somebody on Twitter quote the comedian Albert Brooks, to the effect that Yahoo should next spend some money to buy a vowel (Tumblr being a second, prominent acquisition of a company that lacked the letter "e" in its...
May 20
House bill to impose a deadline on SEC JOBS Act rulemaking is narrower than you might think

House bill to impose a deadline on SEC JOBS Act rulemaking is narrower than you might think

The new bill speaks only to the new Reg A authorized by the JOBS Act, and not the other rulemaking required by the JOBS Act before other reforms go into effect.

Rank this Week: 54

Jim Hamilton's World of Securities…

Jim Hamilton's World of Securities Regulation

Commentaries on security regulation.

http://jimhamiltonblog.blogspot.com/

May 22
Senators Thune and Toomey Urge SEC to Promptly Implement JOBS Act Elimination of Ban on General Solicitation

Senators Thune and Toomey Urge SEC to Promptly Implement JOBS Act Elimination of Ban on General Solicitation

In a letter to SEC Chair Mary Jo White, Senators John Thune (R-SD) and Pat Toomey (R-PA) urged the SEC to promptly implement Section 201 of the JOBS Act, which ends the ban on general solicitation in private offerings. The Senators were…
May 21
Obama Administration Opposes SEC Regulatory Accountability Act

Obama Administration Opposes SEC Regulatory Accountability Act

While reaffirming its commitment to smart and effective regulations and the value of cost-benefit analysis, the Obama Administration opposes passage of the SEC Accountability Act, H.R. 1062, because its burdensome and disruptive new…
May 19
UK FRC Proposes Guidance on Financial Instruments for Outside Auditors of Company Financial Statement

UK FRC Proposes Guidance on Financial Instruments for Outside Auditors of Company Financial Statement

In light of the financial crisis and changes to international auditing and accounting standards, the UK Financial Reporting Council proposed revisions to its guidance for outside auditors of company financial statements on financial…

Rank this Week: 89

The D & O Diary

News and commentary on Directors and Officers Liability. By Kevin M. LaCroix.

http://www.dandodiary.com/

May 21
D&O Insurance: Separate Claims Deemed a Single Claim--What Are the Implications?

D&O Insurance: Separate Claims Deemed a Single Claim--What Are the Implications?

As I have previously noted (refer for example here), one of the most vexing issues in the D&O claims arena is the questions of whether or not two claims are or are not interrelated. If the two are interrelated, they are deemed a single…
May 20
D&O Insurance: Untimely Notice Precludes Coverage

D&O Insurance: Untimely Notice Precludes Coverage

In a May 16, 2013 decision (here), Eastern District of Missouri Magistrate Judge Terry Adelman, applying Missouri law, determined that the failure of an insured under a management liability insurance policy to provide timely notice of claim…
May 17
The Travel Issue: Madrid Edition

The Travel Issue: Madrid Edition

The D&O Diary’s European sojourn concluded with a brief stop earlier this week for business meetings in Madrid. I had never been to Madrid before. Like many Americans, I have a deep attachment to Paris, a city I have visited many…

Rank this Week: 93

The White Law Group's Securities…

The White Law Group's Securities Fraud Blog

Covers securities fraud cases, investment fraud practices and securities industry regulations.

http://www.whitesecuritieslaw.com/securities-fraud/blog/

May 21
vFinance Investments Sanctioned by FINRA

vFinance Investments Sanctioned by FINRA

According to The Southern Florida Business Journal, a Boca Raton brokerage firm, vFinance Investments Inc., was fined $65,000 by the Financial Industry Regulatory Authority (FINRA) for “conducting a $5.95 million private…
May 20
VSR Financial Services Inc. Fined by FINRA for Alternative Investment Recommendation

VSR Financial Services Inc. Fined by FINRA for Alternative Investment Recommendation

According to Investment News, the Financial Industry Regulatory Authority (FINRA) has fined VSR Financial Services Inc. $550,000, in addition to a 45-day suspension of their chairman, Don Berry, for over concentrating client portfolios in…
May 16
FINRA recently announced that Adrienne…

FINRA recently announced that Adrienne Marie Llamas, a former financial advisor with Wells Fargo in Long Beach, California, has been barred from the association with any FINRA member in any capacity. Without admitting or denying the findings,…

Rank this Week: 105

The Race to the Bottom

A faculty-student collaboration on corporate governance. By Professor J. Robert Brown, Jr.

http://www.theracetothebottom.org/home/

May 22
Public Benefit Corporations in Colorado: What Will A Public Benefit Corporation Accomplish?

Public Benefit Corporations in Colorado: What Will A Public Benefit Corporation Accomplish?

Colorado has adopted, effective April 1, 2014, the public benefit corporation act of Colorado (the “PBCA”) that is similar to legislation being considered in Delaware, but completely different from the model benefit corporation…
May 21
Public Benefit Corporations in Colorado: Unanswered Question

Public Benefit Corporations in Colorado: Unanswered Question

Colorado has adopted, effective April 1, 2014, the public benefit corporation act of Colorado (the “PBCA”) that is similar to legislation being considered in Delaware, but completely different from the model benefit corporation…
May 21
Public Benefit Corporations in Colorado: Why A Public Benefit Corporation Rather Than A Non-PBC?

Public Benefit Corporations in Colorado: Why A Public Benefit Corporation Rather Than A Non-PBC?

Colorado has adopted, effective April 1, 2014, the public benefit corporation act of Colorado (the “PBCA”) that is similar to legislation being considered in Delaware, but completely different from the model benefit corporation…

Rank this Week: 118

Securities Law Prof Blog

Covers securities arbitration, state securities law, court decisions and law review articles. By Professor Barbara Black.

http://lawprofessors.typepad.com/securities/

May 22
Five Broker-Dealers Settle with Massachusetts over Improper Sales of REIT

Five Broker-Dealers Settle with Massachusetts over Improper Sales of REIT

The Massachusetts Securities Division announced a settlement with five independent broker-dealers for improper sales of REITs that will return over $11 million to Massachusetts investors. The firms are Ameriprise Financial Services,…
May 22
South Miami Settles SEC Charges of Defrauding Bond Investor

South Miami Settles SEC Charges of Defrauding Bond Investor

The SEC charged the City of South Miami, Fla., with defrauding bond investors about the tax-exempt financing eligibility of a mixed-use retail and parking structure being built in its downtown commercial district. According to its release: An…
May 22
FINRA Will Provide Surveillance Oversight of More than 90% of U.S. Equities Trading Volume

FINRA Will Provide Surveillance Oversight of More than 90% of U.S. Equities Trading Volume

FINRA issued an announcement that Direct Edge®, the third largest stock exchange operator in the U.S., and FINRA have agreed that FINRA will provide market surveillance services on behalf of Direct Edge's two licensed stock exchanges. Under…

Rank this Week: 135

Ponzitracker

Covers Ponzi schemes. By Jordan Maglich.

http://www.ponzitracker.com/

May 21
Accounting Firm Ordered to Pay $180,000 in Sanctions For Withholding Documents Relating to Seattle's 'Mini-Madoff'

Accounting Firm Ordered to Pay $180,000 in Sanctions For Withholding Documents Relating to Seattle's 'Mini-Madoff'

A federal judge ruled that an accounting firm should pay $180,000 in legal fees resulting from multiple failures to respond to a subpoena issued by the trustee overseeing a massive Seattle Ponzi scheme whose mastermind became known as…
May 21
$27 Million ATM Ponzi Scheme Results in Prison For California Brothers, Woman

$27 Million ATM Ponzi Scheme Results in Prison For California Brothers, Woman

Two California brothers and a woman who lived with them were sentenced for masterminding a $27 million Ponzi scheme based on video advertisement screens mounted on ATMs and vending machines. Alan G. Flesher, 65, Wayne D. Flesher, 62,…
May 18
Death Sentence for Chinese Woman Convicted of $70 Million Ponzi Scheme

Death Sentence for Chinese Woman Convicted of $70 Million Ponzi Scheme

A Chinese woman who masterminded a $70 million Ponzi scheme has been sentenced to death by a Chinese court - possibly by firing squad. Lin Haiyan, 39, from the Wenzhou province, received the sentence as part of a broader push by Chinese…

Rank this Week: 204

California Corporate & Securities…

California Corporate & Securities Law

Covers California securities law, corporate governance, mergers & acquisitions and securities litigation. By Keith Paul Bishop.

http://www.calcorporatelaw.com/

May 22
Sealing A Contract May Mean Nothing Or 20 Years!

Sealing A Contract May Mean Nothing Or 20 Years!

The California Corporations Code endows corporations with certain rights, including the right to “adopt, use and alter” a seal. Cal. Corp. Code § 207(a). The Corporations Code does not define a “seal”…
May 21
Ever Wonder What Money Is? California Has Some Answers And I Have Some Question

Ever Wonder What Money Is? California Has Some Answers And I Have Some Question

Yesterday’s post discussed virtual currencies (e.g., Bitcoin) and the General Corporation’s law prohibition on issuing or putting into circulation money. But what exactly is money? The General…
May 20
Bitcoin And The Corporations Code

Bitcoin And The Corporations Code

I’ve been seeing an increasing number of references to Bitcoin and other forms of virtual or crypto currencies in the news. For example, Jeffrey Sparshott and Robin Sidel of the Wall Street Journal reported last…

Rank this Week: 288

Stock Broker Fraud Blog

Covers broker fraud, investor fraud, marketing timing, and securities fraud. By Shepherd Smith & Edwards.

http://www.stockbrokerfraudblog.com/

May 17
Number of Banks At Risk of Failing Goes Down

Number of Banks At Risk of Failing Goes Down

According to The Dealmaker’s Journal, the list of banks in danger of failing has gotten smaller. Bank observers are speculating whether the failures have decreased because of election year politics, the industry is becoming more robust,…
May 15
FINRA Securities Activities: SRO Withdraws Proposal to Make Financial Firms Link to BrokerCheck, Gets Request from SIFMA to Modify ‘Inability to Pay’ Rule, and Says Broker-Dealers Can Give Investors PIP Data About ETP

FINRA Securities Activities: SRO Withdraws Proposal to Make Financial Firms Link to BrokerCheck, Gets Request from SIFMA to Modify ‘Inability to Pay’ Rule, and Says Broker-Dealers Can Give Investors PIP Data About ETP

SRO Says Brokerage Can Institutional Customers PIP Data About ETPs Under Certain Conditions Financial Industry Regulatory Authority staff have determined that under certain conditions, broker-dealers are permitted to include pre-inception…
May 14
Two Men Sentenced in Texas Securities Case Involving $30 Million Promissory Note Fraud that Bilked Investors Via Ponzi Scam

Two Men Sentenced in Texas Securities Case Involving $30 Million Promissory Note Fraud that Bilked Investors Via Ponzi Scam

In Harris County state District Court, two men have received prison terms of a decade each for running a Texas Ponzi scam that involved life insurance policy death benefits. Gregory F. Jablonski and Howard Glen Judah are accused of…

Rank this Week: 296

Securities Law Practice Center

Covers news, analysis and resources in the securities field. By the Practicing Law Institute (PLI).

http://seclawcenter.pli.edu

Apr 5
Tweet This! SEC Addresses Application of Regulation FD to Social Media

Tweet This! SEC Addresses Application of Regulation FD to Social Media

On April 2nd, the SEC issued a report of investigation that makes clear public companies may use social media such as Twitter and Facebook to announce information in compliance with Regulation FD as long as the companies made investors aware…
Apr 3
Simpson Thacher: March Securities Law Alert

Simpson Thacher: March Securities Law Alert

We are pleased to share the most recent edition of the Simpson Thacher Securities Law Alert, edited by litigation Partners Jonathan Youngwood, Peter Kazanoff, and Paul Gluckow. The following is a summary of the March 2013 edition of the…
Apr 1
Delaware Court of Chancery Enjoins Board from Resisting Insurgent Director Slate

Delaware Court of Chancery Enjoins Board from Resisting Insurgent Director Slate

In Kallick v. SandRidge Energy, Inc. the Delaware Court of Chancery preliminarily enjoined the board of SandRidge Energy, Inc. from impeding a consent solicitation by one of the Company’s largest stockholders to replace the incumbent…

Rank this Week: 325

FinancialCounsel

Features podcasts on compliance, employment and industry intelligence for investment professionals and investment, planning and regulatory intelligence for investors. By James J. Eccleston.

http://financialcounsel.typepad.com/financialcounsel/

May 22
Financial Services Firms Making Changes to How They Sell Some Alternative Investment

Financial Services Firms Making Changes to How They Sell Some Alternative Investment

Amid increasing pressure from regulators, Berthel Fisher & Co. Financial Services Inc., VSR Financial Services Inc. and Cetera Financial Group Inc., which has four independent-contractor-broker-dealers under its umbrella, have revised…
May 22
LPL Receives Largest FINRA Fine Ever

LPL Receives Largest FINRA Fine Ever

On May 21, 2013, LPL Financial LLC (“LPL”) agreed to pay $7.5M to settle charges it failed to adequately oversee 28 million “doing business as” e-mails over 2007 through 2013. Further, LPL made misstatements to FINRA…
May 21
Eccleston Law Offices Continues to Investigate Erickson Retirement Community STAMPS Sold by B.C. Ziegler

Eccleston Law Offices Continues to Investigate Erickson Retirement Community STAMPS Sold by B.C. Ziegler

The attorneys at Eccleston Law Offices have expanded their investigation of Erickson Retirement Community (“Erickson”) STAMPS (subordinated tax advantaged mezzanine put securities) which were sold by B.C. Ziegler and Company.…

Rank this Week: 388

TheCorporateCounsel.net Blog

Covers corporate and securities law. By Broc Romanek.

http://www.thecorporatecounsel.net/Blog/

May 22
Status of SEC's Political Contribution Disclosure Rulemaking: Not Yet (& Maybe Never)

Status of SEC's Political Contribution Disclosure Rulemaking: Not Yet (& Maybe Never)

Status of SEC's Political Contribution Disclosure Rulemaking: Not Yet (& Maybe Never) Each time I see an article from the mass media indicating that an imminent proposal from the SEC on political contribution disclosure rules, I tweet…
May 21
The Battle Over JPMorgan's CEO/Chair Split Proposal: The Gloves Are Off!

The Battle Over JPMorgan's CEO/Chair Split Proposal: The Gloves Are Off!

The Battle Over JPMorgan's CEO/Chair Split Proposal: The Gloves Are Off! Today is the vote for what looks to be the most contentious battle of the proxy season - at least if the metric is ink spilt - here is...
May 20
Corp Fin Issues 15 New & Revised CDIs: Spring Cleaning

Corp Fin Issues 15 New & Revised CDIs: Spring Cleaning

Corp Fin Issues 15 New & Revised CDIs: Spring Cleaning Last week, Corp Fin issued a batch of 15 new and revised Compliance & Disclosure Interpretations in both the '33 and '34 Act contexts. Sort of a hodge podge. Here...

Rank this Week: 431

Corporate Securities Law Blog

Focuses on complliance, corporate governance, disclosure, mergers and tax issues. By Sheppard Mullin.

http://www.corporatesecuritieslawblog.com/

May 9
Ninth Circuit Holds that Federal Securities Laws Preempt California Labor Code's Ban on Forced Patronage at Brokerage Firm

Ninth Circuit Holds that Federal Securities Laws Preempt California Labor Code's Ban on Forced Patronage at Brokerage Firm

In McDaniel v. Wells Fargo Investments, LLC, Nos. 11-17017, 11-55859, 11-55943, 11-55958, 2013 WL 1405949 (9th Cir. Apr. 9, 2013), the United States Court of Appeals for the Ninth Circuit affirmed the dismissal of four class action lawsuits…
May 1
District Court Grants Motion to Compel Against SEC, Holding that "Facts" Are Not Work Product In SEC Confidential Witness Interview

District Court Grants Motion to Compel Against SEC, Holding that "Facts" Are Not Work Product In SEC Confidential Witness Interview

In a recent Securities & Exchange Commission (“SEC”) investigation, the SEC interviewed three persons who had proffer agreements with the SEC and United States Attorney. In a subsequent SEC enforcement action, a defendant…
Apr 25
United States Supreme Court Decides Question of Corporate Liability Under Alien Tort Statute On Broader Ground

United States Supreme Court Decides Question of Corporate Liability Under Alien Tort Statute On Broader Ground

In Kiobel v. Royal Dutch Petroleum Co., No. 10-1491, 2013 WL 1628935 (U.S. Apr. 17, 2013), the Supreme Court of the United States addressed the circuit split that arose following the 2010 decision of the United States Court of Appeals for the…

Rank this Week: 448

Startup Law Blog

Covers legal and regulatory developments in startup, securities law and regulation. By Joe Wallin.

http://startuplawblog.com

May 20
Washington State to Regulate Fund Manager

Washington State to Regulate Fund Manager

This article is appearing simultaneously on The Venture Alley and on Startup Law Blog. Readers may feel free to re-post this content elsewhere as well. The world is changing for venture funds and similar funds in Washington…
May 17
SEC Fires Another Salvo in the “Finder” Debate

SEC Fires Another Salvo in the “Finder” Debate

The SEC recently issued orders against two individuals and a company and, in doing so, continued the debate over what conduct requires someone acting as a “finder” to be registered as a broker or dealer or associated with a…
May 17
Young Entrepreneur Social Charity Auction

Young Entrepreneur Social Charity Auction

Do you want to make a local impact right now? Are you someone interested in encouraging young entrepreneurs and leaders here in Seattle? Or, are you a young leader yourself who is interested in building a better community locally? On June…

Rank this Week: 506

Institutional Investor Securities…

Institutional Investor Securities Blog

Covers investment fraud involving auction-rate securities, credit rating agencies, hedge funds and mortgage-backed securities. By Shepherd Smith Edwards & Kantas.

http://www.institutionalinvestorsecuritiesblog.com/

May 14
SEC Roundup: Regulator Addresses CDS Portfolio Margin Program & Ex-Commission Officials Want DC Circuit to Grant SIPC Protection to Stanford Ponzi Scam Victim

SEC Roundup: Regulator Addresses CDS Portfolio Margin Program & Ex-Commission Officials Want DC Circuit to Grant SIPC Protection to Stanford Ponzi Scam Victim

Ex-Commission Officials, Others Want DC Circuit to Grant Stanford Ponzi Scam Victims SIPC Protection Former SEC Officials, law professors, and trade groups are among those pressing the U.S. Court of Appeals for the District of Columbia…
May 10
Lawmakers Tackle Investment and Securities Matter

Lawmakers Tackle Investment and Securities Matter

US Senators John Thune (R-SD), Richard Burr (R-NC), and Tom Coburn (R-Okla) have introduced a bill that would mandate that public pension plans reveal more information about the way they calculate liabilities and assets or place at risk the…
May 9
Standard & Poor’s Seeks Dismissal of DOJ Securities Fraud Lawsuit Over RMBS and CDO Ratings Issued During the Financial Crisi

Standard & Poor’s Seeks Dismissal of DOJ Securities Fraud Lawsuit Over RMBS and CDO Ratings Issued During the Financial Crisi

In the U.S. District Court for the Central District of California, Standard & Poor's Financial Services LLC is asking for the dismissal of a US Department of Justice securities fraud lawsuit accusing the ratings firm of knowing that it…

Rank this Week: 503

The Law Planet Blog

Discusses investment, labor, and employment law, as well as securities arbitration, stockbroker issues, and legal technology. By LaBovick Law Group.

http://www.thelawplanetblog.com/

May 22
What are the basics to creating a living will?

What are the basics to creating a living will?

Having a will to dispose of assets is only the beginning of a well-thought out estate plan. Combining the advantages of a will, a revocable trust, a durable power of attorney and a living will is the best way to achieve your post-mortem…
May 20
Is Signing an Affidavit Naming Paternity a Double-Edged Sword?

Is Signing an Affidavit Naming Paternity a Double-Edged Sword?

There are now more children born to single parents than to parents who are married. Florida has a statute dealing with unmarried parents that lists the father on the birth certificate. A lot of unmarried couples end up breaking up and having…
May 17
What Are Back Benefits For Social Security Disability (SSD) and Supplemental Security Income (SSI)?

What Are Back Benefits For Social Security Disability (SSD) and Supplemental Security Income (SSI)?

Back benefits can be one of the more confusing aspects of Social Security disability for claimants. Although back benefits are confusing, they are also extremely important to the claimant because these benefits can reach to the tens of…

Rank this Week: 513

Securities Compliance Sentinel

Covers securities industry compliance and enforcement issues. By Fox Rothschild LLP.

http://securitiescompliancesentinel.foxrothschild.com

May 22
What Broker-Dealers Need To Know About FINRA

What Broker-Dealers Need To Know About FINRA

Recently, FINRA publicized penalties against three companies and associated individuals for failing to implement adequate anti-money laundering procedures. These fines should serve as a warning to the industry as a whole that FINRA is…
May 22
Apply To Showcase Your Company at This Year's IMPACT Venture Summit

Apply To Showcase Your Company at This Year's IMPACT Venture Summit

As the host of IMPACT 2013 Venture Summit, Fox invites you or your clients in the technology, healthcare or early stage sectors to be a featured company during the Mid-Atlantic's premiere venture capital conference. Featured companies receive…
May 20
What Investment Advisers Need To Know About The SEC

What Investment Advisers Need To Know About The SEC

The SEC recently announced that its top priority is to increase the number of investment adviser examinations it conducts on an annual basis. Considering that the SEC only examined 8% of all investment advisers in 2012 (where 40% have…

Rank this Week: 523

Perry Krumsiek & Jack Law Blog

Covers business, health care, intellectual property and media law.

http://pkjlawblog.wordpress.com/

Feb 2
Here’s One Government Program Worth HARPing On

Here’s One Government Program Worth HARPing On

If you are one of the hundreds of thousands of Americans permanently traumatized by the government’s highly lauded, but horribly executed, loan modification program, take heart. I’m here to tell you that there’s another government…
Oct 27
The Lincoln Lawyer

The Lincoln Lawyer

Before Abraham Lincoln became our greatest president, he was a great corporate lawyer. And before he was a corporate lawyer, he was a brilliant trial lawyer. In the 1840s, Lincoln represented a Revolutionary War widow who had been bilked…
Oct 22
Cornell Scores in Forum Case

Cornell Scores in Forum Case

PKJ’s Timothy Cornell scored a significant victory Friday, when U.S. District Judge Richard G. Stearns dismissed a multimillion case against an Internet company, finding that the plaintiff was bound by his contract’s forum selection…

Rank this Week: 522

SEC Lawyers Blog

Covers stock fraud. By Sonn & Erez, PLC.

http://www.seclawyersblog.com/

May 20
Sonn|Erez Investigating Claims Against Greg John Campbell (Ladue, Missouri) For Investment Losses and Other Mishandling of Client Fund

Sonn|Erez Investigating Claims Against Greg John Campbell (Ladue, Missouri) For Investment Losses and Other Mishandling of Client Fund

Sonn|Erez is investigating claims against Greg John Campbell (CRD #4732999, Registered Representative, Ladue, Missouri), who has been barred from association with any FINRA member in any capacity following misappropriation of customer funds.…
May 17
Sonn|Erez Pursuing Claims for Investor Losses in Hennessey Financial Monthly Income Fund, LP, Also Known as True North Fund and Capital Solutions Monthly Income Fund, LP

Sonn|Erez Pursuing Claims for Investor Losses in Hennessey Financial Monthly Income Fund, LP, Also Known as True North Fund and Capital Solutions Monthly Income Fund, LP

Sonn|Erez is litigating several claims against NFP Securities, Inc., for investor losses in the Hennessey Financial Monthly Income Fund, LP, also known as the True North Fund and the Capital Solutions Monthly Income Fund, LP ("Hennessey…
May 15
FINRA Cautions Investors About Pitfalls of Buying and Selling Pension or Structured Settlement Income Stream

FINRA Cautions Investors About Pitfalls of Buying and Selling Pension or Structured Settlement Income Stream

The SEC and FINRA recently issued an Investor Alert regarding buying or selling pension or structured settlement income streams. A structured settlement typically represents a stream of payments stemming from the resolution of litigation,…

Rank this Week: 551

Business Blog

Covers business law, labor & employment, real estate and securities and finance topics. By Scarinci Hollenbeck.

http://www.businesslawnews.com/

May 22
Is Your New York Business Prepared to Stop a Data Breach?

Is Your New York Business Prepared to Stop a Data Breach?

Late last month, hackers sent a fake tweet from the Associated Press' Twitter account referencing an explosion at the White House. The tweet caused the Dow Jones Industrial Average to plunge more than 100 points within seconds. This latest…
May 21
New York City Businesses Must Provide Mandatory Sick Leave

New York City Businesses Must Provide Mandatory Sick Leave

Businesses in New York City will soon have to provide paid sick days to employees under legislation recently passed by the New York City Council. While Mayor Michael Bloomberg does not support the measure, it passed by a…
May 20
Supreme Court Sides With Monsanto

Supreme Court Sides With Monsanto

The U.S. Supreme Court recently sided with Monsanto Co. in a closely watched case involving patented soybean seeds. The Court concluded that an Indiana farmer could not copy patented seeds through planting and harvesting without…

Rank this Week: 594

The 10b-5 Daily

Covers securities class action litigation. By Lyle Roberts.

http://www.the10b-5daily.com/

May 17
Shrug, Concur, and Move On

Shrug, Concur, and Move On

In a famous market manipulation that lead to multiple criminal convictions, the A.R. Baron brokerage engaged in a pump-and-dump scheme to induce customers to purchase the securities of small companies at artificially inflated prices. Among…
May 10
What Next?

What Next?

Based on the Supreme Court's recent decisions, a plaintiff is not required to prove the existence of loss causation (Halliburton) or materiality (Amgen) to certify an investor class. In the Halliburton case, however, the defendants pursued a…
Apr 26
Cornerstone Report On Accounting Case

Cornerstone Report On Accounting Case

Cornerstone Research has issued a study of 2012 securities class actions involving accounting allegations. The notable findings include: (1) The number of accounting filings fell from 78 in 2011 to 45 in 2012. Two factors that contributed to…

Rank this Week: 630

North Carolina Business Litigation…

North Carolina Business Litigation Report

Reports on judicial decisions of significance to business and shareholders. By Mack Sperling of Brooks Pierce LLP.

http://www.ncbusinesslitigationreport.com/

May 21
Business Court Sanctions Parties For Disobeying Discovery Order

Business Court Sanctions Parties For Disobeying Discovery Order

When you think of sanctions, your mind probably goes to Rule 11 of the Rules of Civil Procedure. But what about Rule 37(b)(2)? It says that: if a party . . . fails to obey an order to provide or permit discovery, . .…
May 7
Claims For Legal Malpractice Aren't Assignable In North Carolina

Claims For Legal Malpractice Aren't Assignable In North Carolina

Maybe you've wondered whether a claim for legal malpractice can be assigned. Maybe you haven't. But yesterday, the North Carolina Court of Appeals answered that question. In Revolutionary Concepts, Inc. v. Clements Walker PLLC, the…
May 1
Fourth Circuit Takes A Narrow View On Recovery Of E-Discovery Cost

Fourth Circuit Takes A Narrow View On Recovery Of E-Discovery Cost

You've undoubtedly prevailed in a federal case -- either at summary judgment or after a trial -- and you have probably struggled with what you are entitled to recover as costs under 28 U.S.C. §1920. And recently, your client,…

Rank this Week: 713

Canadian Securities Law Online

Covers Canadian securities law topics, including disclosures, corporate governance, mergers, registration and compliance. By Stikeman Elliott.

http://www.canadiansecuritieslaw.com/

May 16
Chicago Mercantile Exchange applies for exemption from clearing agency recognition requirement

Chicago Mercantile Exchange applies for exemption from clearing agency recognition requirement

The Ontario Securities Commission announced today that Chicago Mercantile Exchange Inc. has applied for an exemption from the requirement to be recognized as a clearing agency on the basis that it is subject to an appropriate regulatory…
May 15
OSC to hold crowdfunding roundtable

OSC to hold crowdfunding roundtable

The Ontario Securities Commission has announced that it will be hosting a roundtable discussion on June 11 to obtain input from investors regarding investing in small and medium sized enterprises and start-ups. As we discussed in…
May 14
Budget bill would prohibit attempts to engage in fraudulent conduct under commodities legislation

Budget bill would prohibit attempts to engage in fraudulent conduct under commodities legislation

As we discussed in a recent post, Ontario's recently-proposed budget bill would amend the Securities Act to tighten up provisions respecting insider trading. In respect of commodities, section 59.1 of the Commodity Futures…

Rank this Week: 774

Wall Street Investment Fraud…

Wall Street Investment Fraud Lawyer Blog

Covers Ponzi schemes, investment fraud, and other scams. By The Doss Firm.

http://www.wallstreetinvestmentfraudlawyer.com/

Apr 23
Co-Directors of SEC's Enforcement Division Named

Co-Directors of SEC's Enforcement Division Named

On April 22, 2013, George Canellos and Andrew Ceresney were named as SEC's Division of Enforcement co-directors. Both have ties to SEC's new chairman Mary Jo White. Canellos worked as an assistant attorney to Ms. White while she was the…
Apr 23
Co-Directors of SEC's Enforcement Division Named

Co-Directors of SEC's Enforcement Division Named

On April 22, 2013, George Canellos and Andrew Ceresney were named as SEC's Division of Enforcement co-directors. Both have ties to SEC's new chairman Mary Jo White. Canellos worked as an assistant attorney to Ms. White while she was the...
Apr 22
FINRA Approves Proposed Rule Changes to Arbitration for Submission to SEC

FINRA Approves Proposed Rule Changes to Arbitration for Submission to SEC

On April 19, 2013, the FINRA Board of Governors approved several proposed rule changes that now will be submitted to the SEC for review and approval. Two that center on the FINRA arbitration process are detailed below: First, the Board…

Rank this Week: 782

DealLawyers.com Blog

Covers mergers & acquisitions. From editor Broc Romanek, who is also editor of TheCorporateCounsel.net.

http://www.deallawyers.com/Blog/

May 22
NetSpend: Delaware Chancery Criticizes Single-Buyer Negotiating, Use of DADW & Revlon Process, But Denies Injunction

NetSpend: Delaware Chancery Criticizes Single-Buyer Negotiating, Use of DADW & Revlon Process, But Denies Injunction

NetSpend: Delaware Chancery Criticizes Single-Buyer Negotiating, Use of DADW & Revlon Process, But Denies Injunction Here's news from Greenberg Traurig's Cliff Neimeth: Vice Chancellor Glasscock's decision yesterday in Koehler v. Netspend…
May 20
Safe Harbor: Del Monte in a Minor Key

Safe Harbor: Del Monte in a Minor Key

Safe Harbor: Del Monte in a Minor Key Here is an article from "The Deal": Corporate directors and their outside advisers would seem to have fulfilled their fiduciary duties to shareholders handsomely by agreeing to sell a company…
May 14
In re Plains Exploration: A Revlon Review & the Kitchen Sink

In re Plains Exploration: A Revlon Review & the Kitchen Sink

In re Plains Exploration: A Revlon Review & the Kitchen Sink John Grossbauer of Potter Anderson notes: In In re Plains Exploration & Production Co. Shareholder Litigation, Delaware Vice Chancellor Noble rejected claims for breach of…

Rank this Week: 833

Broke and Broker

Covers the Wall Street docket of criminal, civil, regulatory, and arbitration cases. By Bill Singer.

http://brokeandbroker.com/index.php

May 21
Private Placement And Emails Snag FINRA CCO

Private Placement And Emails Snag FINRA CCO

For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of…
May 20
A Family Affair In FINRA Discretion Settlement

A Family Affair In FINRA Discretion Settlement

You might not think it would be a big deal for a registered person to handle the brokerage account of a family member -- but, then again, not a lot of Wall Street regulation is intuitive and this is one of those issues that trips up many…
May 20
EMPLOYMENT TUESDAY at BrokeAndBroker.com

EMPLOYMENT TUESDAY at BrokeAndBroker.com

EMPLOYMENT TUESDAY AT BROKEANDBROKER.COMVisit the BrokeAndBroker Employment Page BrokeAndBroker.com Jobs...

Rank this Week: 836

Covers common securities broker abuses, early retirement scams, elder abuses, subprime mortages & collateralized debt obligation problems, and variable annuities and equity-indexed annuities. By Atlanta, Georgia stockbroker fraud attoneys, Page Perry.

http://www.investmentfraudlawyerblog.com/

Jan 8
Today's 'Alternative Investments' Resemble 'Limited Partnerships' of the Past

Today's 'Alternative Investments' Resemble 'Limited Partnerships' of the Past

Wall Street’s recent promotion of alternative investments should warrant serious concern among investors. It serves as an unpleasant example of history repeating itself. In the mid-1980s, Wall Street firms became enamored with limited…
Jan 7
Hedge Funds Under Regulatory Scrutiny

Hedge Funds Under Regulatory Scrutiny

The SEC has hired hedge fund industry professionals to assist in its investigation of problems and abuses in the hedge fund industry. Three SEC enforcement units are involved in the investigations: the Asset Management unit headed by Bruce…
Jan 7
Approach Actively Traded ETFs with Caution

Approach Actively Traded ETFs with Caution

A recent change in policy by the SEC could have a significant impact on the risk profile of some ETFs. In response to pressure from the industry, the SEC has lifted its moratorium on the use of derivatives by certain exchange traded funds. …

Rank this Week: 838

Federal Securities Law Blog

FedSecLaw.com is devoted to highlighting current issues in securities laws, discussing the ramifications of those issues for todayâ€™s businesses, and providing bottom-line takeaways for busy owners, managers, and executives. Published by Porter, Wright,

http://www.fedseclaw.com/

May 15
SEC and CFTC Red Flag Rules Become Effective May 20, 2013

SEC and CFTC Red Flag Rules Become Effective May 20, 2013

The Securities and Exchange Commission and the Commodity Futures Trading Commission have adopted rules that require most broker-dealers, mutual funds, investment advisers, and certain other regulated entities to create programs to prevent…
May 7
The Timken Board: Between a Rock and a Hard Place

The Timken Board: Between a Rock and a Hard Place

On May 7, 2013, Timken Co. announced that its shareholders approved a nonbinding proposal from activist shareholders (Relational Investors and Calstrs—California State Teachers' Retirement System, who together own 7.28% of the…
Apr 25
Zillow, Inc. To Use Twitter For Earnings Call

Zillow, Inc. To Use Twitter For Earnings Call

The real estate website company Zillow, Inc. announced it would use Twitter and Facebook to field questions on its first quarter earnings call. The company claims that it is the first to take questions in this manner, but will continue…

Rank this Week: 859

Securities Attorney Law Blog

Reviews Federal Securities Fraud Litigation, Arbitration, Whistleblower Claims & Derivative Lawsuits. By Jay Eng.

http://securitiesattorneylaw.com/

May 22
LPL Financial LLC Hammered With $7.5 Million FINRA Fine for EMail Deficiencies & Misstatments to FINRA

LPL Financial LLC Hammered With $7.5 Million FINRA Fine for EMail Deficiencies & Misstatments to FINRA

Yesterday, FINRA issued a press release announcing that LPL Financial LLC (“LPL”) was hit with a $7.5 million fine “for 35 separate, significant email system failures, which prevented LPL from accessing hundreds of millions…
May 21
Not This Year: SEC Commissioner Says No Time to Address Mandatory Pre-Dispute Arbitration in Broker Client Agreement

Not This Year: SEC Commissioner Says No Time to Address Mandatory Pre-Dispute Arbitration in Broker Client Agreement

The Investment News is reporting that Securities and Exchange Commissioner Elise Walter told an audience at a FINRA conference that the SEC will not be addressing the issue of mandatory pre-dispute arbitration agreements in the near future…
May 21
Securities Fraud Lawsuit Filed Against The Cash Store Financial Service, Inc. (CSFS)

Securities Fraud Lawsuit Filed Against The Cash Store Financial Service, Inc. (CSFS)

Securities lawyers have filed a lawsuit against The Cash Store Financial Services (CSFS) in United States District Court for the Southern District of New York, Case No. 13-CV-3385. The complaint concerns CSFS purchases that the…

Rank this Week: 908

Florida Securities Fraud Lawyer…

Florida Securities Fraud Lawyer Blog

Covers securities fraud, investor fraud and Ponzi schemes. By McCabe Rabin, P.A.

http://www.floridasecuritiesfraudlawyerblog.com/

May 22
FINRA Hits LPL With $7.5 Million Fine in E-mail Failure Case

FINRA Hits LPL With $7.5 Million Fine in E-mail Failure Case

LPL Financial LLC has signed a Letter of Acceptance, Waiver and Consent ("AWC") to resolve allegations by FINRA that it made material misrepresentations to the regulator during its investigation of significant and repeated e-mail failures by…
May 16
Ranbaxy USA, Inc. Agrees to $500 Million Settlement

Ranbaxy USA, Inc. Agrees to $500 Million Settlement

Ranbaxy USA, Inc., a division of generic drug manufacturer Ranbaxy Laboratories Limited based in India, has agreed with the U.S. to settle criminal and civil charges. The charges relate to the manufacture and distribution of allegedly…
May 14
C.R. Bard Agrees to Settle Qui Tam Suit

C.R. Bard Agrees to Settle Qui Tam Suit

New Jersey-based C.R. Bard, Inc. ("Bard"), a manufacturer and marketer of medical products, has agreed to settle a qui tam action for $48.26 million. According to the Justice Department, the suit relates to Bard's sales of brachytherapy…

Rank this Week: 927

Representing Investors

Covers securities arbitration, litigation and regulatory news. By Maddox Hargett & Caruso, P.C.

http://www.investorprotection.com/blog

May 17
B-Ds Address Sales of Alternative Investment

B-Ds Address Sales of Alternative Investment

Alternative investments like non-traded REITs and private placements have levied financial havoc on many investors in recent years. Now, facing pressure from regulators, some broker/dealers are making changes to how they sell these kinds of…
May 16
Report: Senior Designations Can Confuse the Elderly

Report: Senior Designations Can Confuse the Elderly

A May 7 story by NPR highlights some of the ways in which bogus financial advisers use the “art of confusion” to siphon money from unsuspecting elder Americans. A contributing factor to this type of elder fraud is the myriad of…
May 15
B-D Accused of Allegedly Misusing Investors’ Money

B-D Accused of Allegedly Misusing Investors’ Money

The Financial Industry Regulatory Authority (FINRA) has filed a complaint against Kimberly Springsteen-Abbott, owner, chief executive and head of compliance for Commonwealth Capital Securities Corp., for allegedly misusing…

Rank this Week: 936

ComplianceAsia News

Provides information for compliance professionals dealing with issues in financial regulation with a focus on the Asian region.

http://www.compliance.asia/

May 20
SFC proposes substantial changes to Professional Investor regime in Hong Kong

SFC proposes substantial changes to Professional Investor regime in Hong Kong

The SFC in Hong Kong has announced a 3 month consultation on major changes to the professional investor regime in Hong Kong. The full announcement is below (our emphasis added). We expect quite a vocal response to the consultation…
May 16
Happy birthday to u

Happy birthday to u

Tonight in Singapore we are hosting our first of two anniversary parties. ComplianceAsia is now 10. Thanks to all of our clients, staff and partners who have supported us over the last decade. 10 years ago we set up the first…
May 16
More from the ICAC

More from the ICAC

Today the HK ICAC announced a jail sentence for two insurance agents convicted of falsifying commissions. The full ICAC is below: Ex-insurance agents jailed for accepting $563,000 bribes and deceiving commissions 16 May 2013 Two…

Rank this Week: 969

California Securities Fraud Lawyer…

California Securities Fraud Lawyer Blog

Covers securities regulation, fiduciaries, and securities disputes news and updates. Published By Alcala Law Firm.

http://www.californiasecuritiesfraudlawyerblog.com/

Apr 26
Securities America Fined $100,000 Over IMH Secured Loan Fund & Medical Capital Sales Practice

Securities America Fined $100,000 Over IMH Secured Loan Fund & Medical Capital Sales Practice

Securities America, Inc. has entered into a settlement with the Financial Industry Regulatory Authority (FINRA) and will pay a fine of $100,000 in connection with the sale of two private placements. As part of the settlement, Securities…
Apr 2
UBS Willow Fund L.L.C. Class Action Update

UBS Willow Fund L.L.C. Class Action Update

On December 20, 2012, a class action complaint was filed on behalf of all investors who purchased or held the UBS Willow Fund L.L.C. at any time after January 1, 2008. The matter of Ken Boudreau vs. UBS Willow Management L.L.C, UBS…
Feb 27
Update: FINRA Appeals Charles Schwab Class Action Ban

Update: FINRA Appeals Charles Schwab Class Action Ban

This is an update to our February 21, 2013, blog post: Charles Schwab Allowed to Prevent Customer Class Action Lawsuits. Yesterday, a spokesperson for the Financial Industry Regulatory Authority (FINRA) announced that an appeal had been…

Rank this Week: 1007

Business Law Post

Covers corporate law, securities law, intellectual property, and social entrepreneurship. By Arina Shulga.

http://www.businesslawpost.blogspot.com/

May 21
Can For-Profit Businesses Use Unpaid Interns in New York?

Can For-Profit Businesses Use Unpaid Interns in New York?

Even though I have previously written about it, I keep getting many questions regarding whether unpaid interns can work for a for-profit business. My conclusion is YES BUT… it can be risky for the business. In New York, interns can…
May 18
Crowdfunding Update

Crowdfunding Update

We are still patiently waiting for the SEC to develop rules implementing the crowdfunding provisions of the JOBS Act. While we are waiting, the industry prepares for the crowdfunding transactions. Recently, two interesting articles about…
May 12
Who Owns #Hashtags?

Who Owns #Hashtags?

Proliferation of social media continues to stretch the boundaries of the law and its definitions. It prompts us to apply the proven legal concepts to new technological and social phenomena with no clear and well-defined answers.A good…

Rank this Week: 1065

footnoted.org

Guide to what's hiding in SEC filings. By Michelle Leder.

http://www.footnoted.org

Feb 11
Google joins the DIY group…

Google joins the DIY group…

Late Friday, less than 20 minutes before the SEC closed for the week, Google (GOOG) filed this 8-K, which quickly had the interwebs a-buzzing. Within minutes of the filing, CNBC tweeted this alert. Two heavyweight tech sites, TechCrunch and…
Jan 30
And then there were six: Copano gets acquired…

And then there were six: Copano gets acquired…

Everywhere you turn these days, people seem to be talking about the “long tail” — in entertainment, in search, in insurance (where it’s been used for years). Colloquially, it tends to mean that there’s a pattern…
Jan 18
Too early for worst footnote of 2013?

Too early for worst footnote of 2013?

Given that it’s only 18 days after the year began, it may be a wee bit premature to declare a winner of the worst footnote for 2013. Still this 8-K filed by Apollo Group (APOL) last night, is already in the running. Now Apollo, the…

Rank this Week: 1084

Hedge Fund Law Blog

Covers hedge fund laws and starting a hedge fund.

http://www.hedgefundlawblog.com

May 17
Regulation A+ Deadline Passed by Congre

Regulation A+ Deadline Passed by Congre

Part of JOBS Act Regulations to be Finalized by October 31, 2013 On Wednesday May 15, the House of Representatives passed H.R. 701 which requires the SEC to finalize regulations with respect to “Regulation A+” of the JOBS Act.…
May 7
SALT Conference 2013

SALT Conference 2013

Today the SALT conference starts in Las Vegas. Continuing through the end of the week, the hedge fund industry will be descending upon the Bellagio for scheduled speakers, general information sessions and, of course, networking.…
May 5
Hedge Fund Events May 2013

Hedge Fund Events May 2013

The following are various hedge fund events happening this month. Please email us if you would like us to add your event to this list. **** May 1-3 Sponsor: IAA Event: 2013 Annual Conference Location: New Orleans, LA May 6-7 Sponsor: Schwartz…

Rank this Week: 1106

BD Law Blog

Features news, updates and thoughts regarding broker-dealer and investment adviser regulation and legal and compliance issues. By the Beck Law Firm, LLC.

http://www.bdlawblog.com/

May 21
Florida Supreme Court Rules Statute of Limitations Applies to Arbitration

Florida Supreme Court Rules Statute of Limitations Applies to Arbitration

This month, the Florida Supreme Court held that Florida's statutes of limitations apply in arbitration proceedings. In the case of Raymond James Financial Services, Inc. v. Barbara J. Phillips, etc. et. al., (No. SC11-2513), the Court held…
May 17
Broker-Dealer Enforcement Roundup

Broker-Dealer Enforcement Roundup

FINRA has published the notice of disciplinary cases for April 2013 online. A few cases I think are worthy of discussion. In one case, a firm agreed to settle an action through an AWC and was censured and fined $150,000....
May 17
Broker-Dealer Enforcement Roundup

Broker-Dealer Enforcement Roundup

FINRA has published the notice of disciplinary cases for April 2013 online. A few cases I think are worthy of discussion. In one case, a firm agreed to settle an action through an AWC and was censured and fined $150,000....

Rank this Week: 1136

Strictly Business

Covers business law for entrepreneurs, emerging companies and the investment management industry. By Alexander J. Davie.

http://blog.alexanderdavie.com/

May 13
The JOBS Act, a Year Later – Part 4: Online Angel Investment Platform

The JOBS Act, a Year Later – Part 4: Online Angel Investment Platform

This post is the fourth in a series examining the impact of the Jumpstart Our Business Startups Act (or JOBS Act) one year after its passage and focuses on the provisions related to online angel investment platforms. In the last post of this…
May 12
Selling Your Business — Practical Tips for Sellers — Part 10: Indemnification (Part One)

Selling Your Business — Practical Tips for Sellers — Part 10: Indemnification (Part One)

This post was jointly written by Casey W. Riggs and Jennifer Wilson. This is part 10 of our series discussing the sale of a business from the seller’s perspective. We’ve covered commencement of a potential deal through…
Apr 29
Working Effectively with Your Lawyer: Five Tips to Effectively Engage and Use Legal Counsel

Working Effectively with Your Lawyer: Five Tips to Effectively Engage and Use Legal Counsel

Like it or not, most business owners will require legal counsel from time to time. In most circumstances, using legal counsel will be in the context of a transaction, like raising capital, buying a competitor, or bringing in a key…

Rank this Week: 1194

Corporate Finance & Securities Law…

Corporate Finance & Securities Law Blog

Covers mergers and acquisitions, private to public transactions, public company disclosure, regulatory defense, and other financial issues. By The Lebrecht Group.

http://www.thelebrechtgroup.com/blog/

May 16
TLG Attorney to Speak on Ethics at “Accounting 101 for Attorneys” Presentation

TLG Attorney to Speak on Ethics at “Accounting 101 for Attorneys” Presentation

Brian A. Lebrecht, founder and President of The Lebrecht Group, APLC, will be among the presenters at a seminar on May 16, 2013 by the National Business Institute entitled Accounting 101 for Attorneys. Specific topic will be Complying…
May 9
Listing a Reverse Merger Company on NASDAQ

Listing a Reverse Merger Company on NASDAQ

NASDAQ has special rules for companies that went public via a reverse merger. By: Brian A. Lebrecht, Esq. NASDAQ Markets Overview NASDAQ has three different U.S. markets, the NASDAQ Global Select Market, the NASDAQ Global Market, and…
May 8
SEC Asks for a 26% Raise

SEC Asks for a 26% Raise

The new chair of the SEC, Mary Jo White, testified before Congress this week and asked to have the SEC’s budget increased by 26%, to $1.67 billion. A few of the highlights: - she reiterated her commitment to completing the rule…

Rank this Week: 1211

The PSLRA Nugget

Covers securities class action case law. By Christopher S. Jones.

http://pslranugget.blogspot.com/

Feb 3
The Nugget is Moving to a New Home

The Nugget is Moving to a New Home

Please update your bookmarks, as the PSLRA Nugget is moving to a new easier to remember website address. Also if you are getting this by email, and you would like to continue getting it that way, you just need to go to
Feb 2
Yes Shorter is Better (at least in legal briefing)

Yes Shorter is Better (at least in legal briefing)

OK, you know who you are. The serial page extension requesters. But Judge, we have to have 100 pages to explain it. I know, I know, we've all done it. And yes I agree sometimes it's necessary. But District Judge Joy Flowers Conti…
Mar 18
Confidential Sources Still Alive & Kicking

Confidential Sources Still Alive & Kicking

What's that? You thought Tellabs banned confidential witnesses? Well, let's not get carried away here, as there's certainly at least two ways to read that opinion. Of course, after the 7th Circuit decided Higginbotham v. Baxter, it was…

Rank this Week: 1383

Securities Arbitration Blog

Covers the happenings in the Securities and Investment Fraud Sector. By Guiliano Law Firm.

http://www.securitiesarbitrations.com

May 22
Guiliano Law Firm Files Action Against Stockbroker and Issuer of Unregistered Securitie

Guiliano Law Firm Files Action Against Stockbroker and Issuer of Unregistered Securitie

The Guiliano Law Firm filed a series of actions, both in federal district court and before the Financial Industry Regulatory Association, in connection with the sale of the unregistered securities or Corporate Debentures issued by Aregatta…
May 22
Guiliano Law Firm Files Action Against Stockbroker and Issuer of Unregistered Securitie

Guiliano Law Firm Files Action Against Stockbroker and Issuer of Unregistered Securitie

The Guiliano Law Firm filed a series of actions, both in federal district court and before the Financial Industry Regulatory Association, in connection with the sale of the unregistered securities or Corporate Debentures issued by Aregatta…
May 22
Former J.P. Turner Broker Sean Sheridan Barred By FINRA for Short Term Trading of Investment Company Share

Former J.P. Turner Broker Sean Sheridan Barred By FINRA for Short Term Trading of Investment Company Share

The Financial Industry Regulatory Authority (FINRA) found that Sean M. Sheridan, during the course of his association with J.P. Turner andamp; Co., Inc. fraudulently obtained $267,000 from at least eight customers, who also lost approximately…

Rank this Week: 1439