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 […]

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 […]

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, […]

The Securities and Exchange Commission today charged audit firm CohnReznick LLP with improper professional conduct on engagements for two clients in 2017. The two clients, Sequential Brands Group, Inc. and Longfin Corp., previously were charged by the… Read the Full Press Release Have a securities law question? Call New York […]

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 […]

The Securities and Exchange Commission today announced settled charges against RiverSource Distributors Inc. for improper switching or replacing of variable annuities. This is the SEC’s first-ever enforcement proceeding under Section 11 of the Investment… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]

The Securities and Exchange Commission today proposed amendments to enhance and modernize the Investment Company Act “Names Rule” to address changes in the fund industry and compliance practices that have developed in the approximately 20 years since the… Read the Full Press Release Have a securities law question? Call New […]