That Didn’t Take Very Long! Just as Reg BI Goes into Effect, Seven States and DC Sue To Block It
on

By George H. Friedman, SAA Editor-in-Chief

Just as the SEC’s Regulation Best Interest was about to go into effect September 10, several states and the District of Columbia sued to stop it.

...Read More

SEC v. Feng
on

By Paul J. Dubow

*Identification of an investment entity as a limited partnership and the promise of a fixed return indicates that the investment is a security.

...Read More

Talking with PIABA’s Leaders: Issues in the Current Year and the Year Ahead
on

At the tail-end of June SAC brought together for a wide-ranging discussion the current and future Presidents of PIABA — Christine Lazaro and Samuel B.

...Read More

Fan v. StoneMor Partners LP
on

By David C. Franceski, Jr.

The use of equity proceeds from future investors to pay down borrowings used for distributions to current investors of “pre-need” revenue from burial service sales otherwise tied up in state-mandated trusts is not federal securities fraud,

...Read More

FINRA Stats, 7/19: Customer Claims on a Slow Rise from Earlier Months of 2019
on

Here’s the difference we’re seeing: back in January of this year, FINRA’s Office of Dispute Resolution reported in its monthly statistical disclosures that 336 cases had been filed,

...Read More

Gupta v. Morgan Stanley Smith Barney, LCC
on

By James L. Komie

An employee is bound to arbitrate under the employer’s modified arbitration program requiring arbitration of discrimination claims where he failed to opt out after receiving an email regarding the modified policy,

...Read More

Read Our Recent Blog