Analysis of cutting-edge securities industry issues
Yes, this blog is quite different than what you are used to reading, but it is a Friday in August so please take it in that vein. Here goes.
Undoubtedly,…
Continue Reading Cockroaches, the NFL and Presidential Statistics. . . Another Silly Friday Prediction
As a service to our readers, the United States Court of Appeals for the Fifth Circuit has rejected the Second Circuit’s analysis in Gabelli. See SEC v. Bartek, at …
Continue Reading More on Gabelli. . . Fifth Circuit Refuses to Go Along
The case below should be immediately filed in the “Uh Oh” category because the result indicates the potential for increased liability for securities clearing firms when a fraudulent transfer is…
Recently, the United States Court of Appeals for the Second Circuit extended the SEC’s ability to prosecute securities fraud actions, that is, the Second Circuit, essentially, indefinitely five year statute…
For those who believe that the Garden State’s greatest contribution to the securities industry is that Snooki of Jersey Shore fame does not practice in the field, think again.
In…
Continue Reading Hooray for New Jersey!!! More RIAs mean more work for Regulators
One of the more challenging things that registered representatives must do is to truly know their customers. You cannot make suitable investment recommendations without knowing your customer. My recent guidebook…
Continue Reading Know Your Customer Or Sit With A Lawyer, Which Would You Rather Do
On July 9, FINRA Rules 2090 and 2111 go into effect. In Rule 2090, FINRA has defined what a member firm/registered representative must do to know their customers. In addition…
Continue Reading A Guidebook For What It Means To Know Your Customer
We wanted to make everyone aware of a great resource published by Fox Rothschild’s Securities Industry and Labor & Employment practice groups. It is called the National Survey on Restrictive…
A year ago, the SEC published its study commissioned under Dodd-Frank and recommended the implementation of a uniform fiduciary duty standard. Much debate has prevailed since that announcement. Will registered…
Continue Reading Registered Representatives; No “Fiduciary” Duty For Now
