Investors News

New Consumer Protection Regulations Adopted

Sales Practices, solicitations, advertising regulations adopted By John M. Baker, Esq. The Office of the Comptroller of the Currency has posted the final version of consumer-protection regulations adopted by the OCC, FDIC, OTS, and Federal Reserve under the Gramm-Leach-Bliley Act. The regulations apply to retail sales practices, solicitations, advertising, and […]

Corp Finance Investors

10b5-1 Plans- Insider Trading Defense

What they are, how they work, and when they do not work. By Mark J. Astarita, Esq. 10b5-1 Plans-” data-gt-translate-attributes='[{“attribute”:”data-cmtooltip”, “format”:”html”}]’>Insider Trading Defense As executive compensation becomes increasingly based on stock options, more and more executives find themselves in an insider trading quagmire when they attempt to sell their securities for […]

Analysis Brokers Investors

Promissory Note Fraud

NASDR Warns Investors and Brokers of Promissory Note Fraud Schemes. Investors Beware. By Mark J. Astarita, Esq. The NASD has issued a regulatory alert to broker-dealers regarding the significant number of fraudulent promissory note schemes that have been offered to investors and to remind members and registered persons of the […]

Brokers Investors News

Customer Ratifies Unauthorized trades

Ratifies Unauthorized Transactions by Failure to Object John Dawson & Associates, NDIll Bankruptcy Court John Dawson & Assoc., Inc., In Re, Adversary No. 99 A 00536 (N.D. Ill. Bankr., 1/16/03). Bankruptcy/Insolvency Issues * Ratification *” data-gt-translate-attributes='[{“attribute”:”data-cmtooltip”, “format”:”html”}]’>Unauthorized Trading * Statutory Definitions (“Conversion”) * SIPA. SIPC claim is disallowed due to ratification […]