SEC SHOWS WILLINGNESS TO COMPROMISE IN WAKE OF FUROR OVER ITS USE OF IN-HOUSE COURTS
We have been regularly updating the wave of lawsuits that have been filed against the SEC this year, charging that…
Read MoreMonth: September 2015
Former Morgan Stanley Adviser Pleads Guilty to Data Hacking Charges
Former Morgan Stanley financial adviser Galen Marsh plead guilty to accessing the firm’s computer network without permission, some of which…
Read MoreFinra Amendment Makes U4 and U5 Expungements More Difficult
FINRA’s Board of Governors voted to implement several key regulatory changes for broker-dealers including one that will make it harder…
Read MoreRecent Appellate Action SEC Use of In-House Courts Shows the Courts Recognize the Major Importance of the Issue
Two federal appellate courts, the Seventh and Second Circuits, respectively, have recently weighed in on the issue of the SEC’s…
Read MoreMassachusetts Securities Department Investigates Funds’ Accounting Problems
Massachusetts Secretary of the Commonwealth, William Galvin, responsible for policing the state’s securities laws, announced his office sent letters to…
Read MoreInvestment Advisor Who Stole $43 Million from Ex-Hockey Star Convicted
Former investment manager Joseph Zada, charged with swindling $43 million from former Detroit Red Wings star Sergei Fedorov was convicted…
Read MoreLitigation Update: California Summary Judgment Rules to be Amended
Governor Jerry Brown recently signed Senate Bill 470, which amends California Code of Civil Procedure section 437c regarding summary judgment…
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