Form u-4 and form u-5 are two of the most oppressive and abused securities industry documents. recent changes were approved without a single comment from the industry. The SEC’s Bad Form By Mark J. Astarita, Esq. On July 5, 1996, the Securities and Exchange Commission (SEC) announced it had approved […]
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LAW REVIEW: Spring Street Paves the Way
LAW REVIEW Following public oferrings, are private placements on the road to the information superhighway? Spring Street Paves the Way By Mark J. Astarita, Esq. IN JULY’S COLUMN, WE ADDRESSED THE “INTERENT OFFERING,” a public securities offering on the Internet usually conducted by the issuer without using an underwriter. Since […]
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Global Billion Dollar Settlement
“These cases reflect a sad chapter in the history of American business — a chapter in which those who reaped enormous benefits from the trust of investors profoundly betrayed that trust. These cases also represent an important new chapter in our ongoing efforts to restore investors’ faith in the fairness […]
SEC’s Cheap Shot at Martha Stewart
Again. The Abuse of Power. The second part of the story is undoubtedly of more interest to securities lawyers, judges and law professors, but the rest of you should continue reading. Government abuse is a topic that affects all of us, and unfortunately happens too often. The abuse involves quests […]
Arbitrator Disclosure Report Released
]]> Home | Message Board Home Search Arbitration Investors Brokers Finance Law Compliance Archives Arbitrator Disclosure Report Released SEC Commissioned Independent Study Recommends Against Use of California Disclosure Rules PERINO REPORT RELEASED BY SEC: The November 13, 2002 SEC News Digest summarizes the findings and recommendations of a […]
Hire Standards
Regulators Call For Increased Scrutiny of Brokers with Disclosures By Mark J. Astarita, Esq. WHETHER JUSTIFIED OR NOT, the hiring and continued employment of brokers with disclosable events on their Central Registration Depository (CRD) reports is an increasing concern. Just last year, a report issued by regulators recommended stringent […]
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 […]
One More Fund Scandal?
Is Paying for Shelf Space a Fraud? Another SEC Investigation Into the Mutual Fund Industry By Mark J. Astarita, Esq. While the market timing “scandal” may turn out to be not such a scandal after all (See Market Timing Is Legal) the publicity hurt the industry – and the […]
Who Needs to Register
By Mark J. Astarita, Esq. I am often asked by readers and visitors to my web site whether particular people have to register with the NASD. The question is not so easy to answer, and, like most things regulatory, often changes. So, while I attempt to discuss the categories of […]
