Tag: www.seclaw.com

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FINRA Publishes Independent Counsel’s Report on Arbitrator Selection Process

Readers will recall the Georgia Superior Court decision vacating an arbitration award in favor of respondent Wells Fargo Clearing Services, LLC. which found that the arbitrator selection process was manipulated in that case. Quite honestly, the facts set forth in the decision didn’t make much sense. The court accused seclaw.com/glossary/finra/” data-gt-translate-attributes='[{“attribute”:”data-cmtooltip”, “format”:”html”}]’>FINRA […]

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Mark T. Uyeda Sworn In as SEC Commissioner

The Securities and Exchange Commission today announced Mark T. Uyeda has been sworn into office as a Commissioner by Brian Johnson, Assistant Director of the Division of Investment Management’s Rulemaking Office. Commissioner Uyeda was nominated by… Read the Full Press Release Have a securities law question? Call New York Securities […]

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D.E. Shaw Hedge Fund Manager Awarded 52 Million Dollars for Defamation

A FINRA arbitration panel awarded a seclaw.com/glossary/hedge-fund/” data-gt-translate-attributes='[{“attribute”:”data-cmtooltip”, “format”:”html”}]’>hedge fund manager $60 million in damages for defamation against D.E. Shaw, three members of its executive committee and one of its managing directors. While FINRA arbitration awards provide very few details, the manager sued for $600 million, plus his deferred compensation, punitive damages, […]

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SEC Announces Eight New Investor Advisory Committee Members

The Securities and Exchange Commission today announced eight new members to fill all vacancies on its Investor Advisory Committee. The new members join 15 current committee members. The committee, established under the seclaw.com/glossary/dodd-frank/” data-gt-translate-attributes='[{“attribute”:”data-cmtooltip”, “format”:”html”}]’>Dodd-Frank Wall Street Reform… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]