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 […]
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, […]
Denver Regional Director Kurt L. Gottschall to Leave SEC
The Securities and Exchange Commission today announced that Kurt L. Gottschall, the Director of the Denver Regional Office since 2018, is leaving the agency after more than 22 years of service. Jason J. Burt and Thomas M. Piccone will become the office’s… Read the Full Press Release Have a securities […]
UBS to Pay $25 Million to Settle SEC Fraud Charges Involving Complex Options Trading Strategy
The Securities and Exchange Commission today announced that UBS Financial Services Inc. has agreed to pay approximately $25 million to settle fraud charges relating to a complex investment strategy referred to as YES, or Yield Enhancement Strategy.… Read the Full Press Release Have a securities law question? Call New York […]
SEC Charges CohnReznick LLP and Three Partners with Improper Professional Conduct
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 […]
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 […]
SEC Charges Charlotte Man With Operating $7 Million Ponzi Scheme
https://www.charlottestories.com/sec-charges-charlotte-man-with-operating-7-million-ponzi-scheme/ Get Outlook for Android
SEC Charges RiverSource Distributors with Improper Switching of Variable Annuities
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 […]
SEC Proposes Rule Changes to Prevent Misleading or Deceptive Fund Names
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 […]