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Results: 1-10 of 162

FinCEN customer due diligence rule proposal
  • Sutherland Asbill & Brennan LLP
  • USA
  • August 19 2014

On July 30, 2014, the U.S. Treasury Department's Financial Crimes Enforcement Network ("FinCEN") issued proposed rules (the "Proposed Rules") to


Securities class action defendants can rebut the basic fraud-on-the-market presumption of reliance at the class certification stage
  • Sutherland Asbill & Brennan LLP
  • USA
  • June 23 2014

The U.S. Supreme Court held today that defendants in securities fraud class actions can defeat the Basic fraud-on-the-market presumption of reliance


Release adopting hedge fund anti-fraud rule is now available (HF)
  • Sutherland Asbill & Brennan LLP
  • USA
  • August 1 2007

The SEC release adopting a new rule that prohibits advisers to pooled investment vehicles from making false or misleading statements to, or otherwise defrauding, investors or prospective investors in those pooled vehicles is now available


SEC settles case against Ohio investment adviser who allegedly defrauded elderly clients
  • Sutherland Asbill & Brennan LLP
  • USA
  • January 8 2010

The Securities and Exchange Commission (SEC) announced that investment adviser (IA) Julie M. Jarvis, of Columbus, Ohio, and her financial advisory firm, Crossroads Financial Planning, Inc., have agreed to settle the SEC’s pending civil action against them


SEC issues order against Mermelstein for failure to supervise portfolio manager
  • Sutherland Asbill & Brennan LLP
  • USA
  • January 8 2010

The SEC issued an order against Stephen Jay Mermelstein, finding that Mermelstein, the former Chief Operating Officer of a formerly registered investment adviser, Ark Asset Management, Co., Inc., failed reasonably to supervise a portfolio manager who engaged in fraudulent trade allocation practices during the years 2000 through 2003


SEC obtains consent judgments against Frank J. Russo and FJR corporation
  • Sutherland Asbill & Brennan LLP
  • USA
  • January 8 2010

The Federal Court for the District of Massachusetts entered consent judgments in a previously filed enforcement action against Frank J. Russo, a Massachusetts-based former investment adviser, and his investment advisory corporation, FJR Corporation


Texas Supreme Court limits fraud claims by terminated employees
  • Sutherland Asbill & Brennan LLP
  • USA
  • May 13 2014

In a case of first impression, the Supreme Court of Texas declared that at-will employees may not bring an action for fraud that is contingent on the


Chronicles of the New York False Claims Act: Lantheus and BMS settle for $6.2 million
  • Sutherland Asbill & Brennan LLP
  • USA
  • March 24 2014

The New York Attorney General's office posted a press release on March 14, 2014 announcing that Lantheus Medical Imaging (Lantheus) and Bristol-Myers


Fraud charges brought against Maryland adviser (IA)
  • Sutherland Asbill & Brennan LLP
  • USA
  • January 15 2008

The SEC brought an administrative action against Marc A. Freedman, of Gaithersburg, Maryland


No SLUSA protection absent material connection with salepurchase of covered security
  • Sutherland Asbill & Brennan LLP
  • USA
  • March 3 2014

In Chadbourne & Parke LLP v. Troice, the U.S. Supreme Court held on February 26, 2014, that the victims of Allen Stanford's multibillion-dollar Ponzi