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Securities Litigation Blog

Articles: 11-20 of 170

New FINRA Rules Address Elderly Abuse

USA - December 14 2017 On February 5, 2018, FINRA will enact two rules to assist brokers with addressing financial exploitation of the elderly. Statistically, the elderly…

SEC About-Face, About Time, on ALJs

USA - December 1 2017 On November 29, the SEC did an about-face and admitted its ALJs are “inferior officers” (not merely employees) subject to the Constitution’s Article…

Morgan Stanley Exits, Slams Protocol as “Unsustainable”

USA - October 30 2017 Morgan Stanley announced October 30 that it would exit the Protocol for Broker Recruiting, as part of strategy “to refocus [recruiting] resources on…

TN Trust Code Authorizes Pre-Dispute Arbitration Agreement: Not Per Se Breach of Duty, but May Not Bind Non-Signatory Beneficiary

USA - October 25 2017 The Tennessee Supreme Court recently held that Tennessee's Trust Code and broad trust-instruments authorize a Trustee's execution of a pre-dispute…

Lorenzo’s a Schemer, Not a Maker; Dissent Blasts SEC (“Not Fair,” “Stinks”)

USA - October 23 2017 Cut, paste and forward ‒ just as the boss instructed. But Lorenzo’s email to two clients was misleading, so the SEC filed an enforcement action. The…

SEC’s Chairman Makes Changes After the Agency’s Latest Cyber-Attack

USA - October 13 2017 The Securities Exchange Commission (“SEC”) has been busy the last couple months on the cyber front. On September 20, the SEC announced a renewed focus…

SEC Announces New Cyber-Enforcement Initiatives

USA - September 26 2017 The SEC announced two cyber-enforcement initiatives on September 25. The Commission will establish a Cyber Unit within the Enforcement Division to…

DOL to Postpone Deadline for Fiduciary Rule

USA - August 31 2017 The Department of Labor has received OMB certification, and sought expedited notice-and-comment, for a rule change that would postpone the full…

Martoma: Second Circuit Abrogates Newman, Broadens Dirks

USA - August 24 2017 A Second Circuit Panel held that the Supreme Court’s Salman decision abrogated the Circuit’s Newman requirement of a “close personal relationship”…

Split Commission Can’t Reverse Insider-Trading Dismissal

USA - July 19 2017 Trader Joseph Ruggieri finally prevailed last week, when SEC Commissioners Stein and Piwowar split on whether Enforcement proved his four trades (in…