Makes Recommendations for Improved Disclosure By John M. Baker, Esq. The General Accounting Office released its long-awaited, and long (132 PDF pages), report on mutual fund fees. GAO, Mutual Fund Fees: Additional Disclosure Could Encourage Price Competition, No. GAO/GGD-00-126 (June 2000). The report notes that most investors have focused on […]
Changes for the New Century By Mark J. Astarita, Esq. Last year was the last of something of an incredible century for the world, and no less so than for the financial markets. The changes in the financial markets over the last 100 years have obviously been significant, but it […]
“Clearing firms are generally not responsible to customers for the actions of an introducing broker” Warren v. Tacher, C.A. No. 3:99-CV-806-R (W.D. Ky., 6/2/00): We mentioned this recent ruling in this well-known arbitration case in last weeks Arbitration Alert (00-26). The Award under challenge in this proceeding constituted the largest […]
New Rules under Gramm-Leach-Bliley Act By John M. Baker, Esq. On August 21, 2000, the federal banking regulators (Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of Thrift Supervision) released proposed regulations implementing consumer protection provisions of […]
” >SEC issued an order to institute cease-and-desist proceedings against a Minnesota-based investor relations company, alleging that it and its president violated the anti-touting provision of the Securities Act of 1933 by publishing […]
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Proposed NASD Rules Will Allow Allegations Against Brokers to be Made Public By Mark J. Astarita, Esq. Note: This column was originally published in 1997 in Research Magazine. Unfortunately, nothing changed, and in fact, the situation has gotte Some of you may recall my column from October 1996, “The SEC’s […]