In Morrison v. National Australia Bank, Ltd., 561 U.S. 247 (2010) the Supreme Court held that the reach of Exchange Act Section 10(b) is the water’s edge of the United States [subscribers can access an enhanced version of this opinion: lexis.com...
Don't write emails so provocative that they
wind up reproduced on the front page of the Wall Street Journal.
With many fund managers having to register under the
Investment Advisers Act, they will now be subject to more extensive
According to a story in Investment
News , the Securities and Exchange Commission began a sweep of
investment advisers' use of social media and social networking last month.
The story has a quote from Doug Flynn, an adviser at
Flynn Zito Capital...
Fund managers are dealing with Dodd-Frank and the
requirements under the Investment Advisers Act made by the Securities and
Exchange Commission. Of course, a fund manager needs to focus on other areas of
financial regulation and enforcement by the...
I don't take pleasure from others' failings, but I do try
to learn lessons. The recent settlement between Wunderlich Securities and the
Securities and Exchange Commission is full of lessons to be learned.
SEC Commissioner Daniel Gallagher published a statement explaining his dissent in two recent enforcement actions in which the Chief Compliance Officer of an investment adviser was charged, noting that the trend in such actions is toward strict liability...