LexisNexis® Legal Newsroom
Doug Cornelius
Do You Need State Licensing If You’re an SEC Registered Investment Adviser?

With Dodd-Frank 's elimination of the 15 client exemption , thousands ( my guess ) of private fund managers will need to register with the Securities and Exchange Commission as investment advisers to their funds . For alternative investment funds...

Kevin M. LaCroix
Schwab Withdraws from Subprime Securities Suit Settlement

There is a reason that when class action settlements are announced, they are described as preliminary and subject to final approval - sometimes the settlements fall apart before the case is finally put to rest. That appears be what has happened with...

Thomas O. Gorman
For Goldman the ABACUS Deal Just Keeps Coming Back

The ABACUS deal has become the one that just will not go away for Goldman Sachs. First, the deal became the predicate for an SEC enforcement action against the pillar of Wall Street and one of its employees, Fabrice Tourre. That high profile case resolved...

Francine McKenna
Put Your Money Where Your Money Is: The Auditors and the US Midterm Elections

It looks like Ernst & Young finally booked a winner. Ernst & Young, the global accounting firm, hosted a fund-raising breakfast late last month for Representative Dave Camp that drew so many donors the firm's lobbyists had to pull extra...

Arina Shulga
Seed Round of Raising Capital: What Terms are Customary?

I am certain that any business owner looking to raise capital by issuing equity securities to investors wants to have a good idea of what terms/privileges would the investors be looking for in exchange for investing in the company. How can a business...

Thomas O. Gorman
Are More Rules Necessary?

The SEC approved new rules proposed by the exchanges and FINRA to ensure that market makers make real, meaningful quotes . In September the SEC proposed rules governing short term borrowings to address what many call "window dressing." The...