Recent Posts in SEC News Category
Posted on May 16, 2012 By Lasky & Rifkind
Last week, a federal judge for the Northern District of California tossed a lawsuit filed by Charles Schwab against FINRA in a dispute over new language added to Schwab's customer account ...
Continue reading "Schwab Loses Lawsuit; FINRA Enforcement Action to Proceed" »
Posted on Mar 14, 2012 By Lasky & Rifkind
Thornburg Mortgage Inc. The SEC filed charges this week against the CEO, CFO and CAO of Thornburg Mortgage for fraudulently reporting the company's income in early 2008. According to the ...
Continue reading "SEC Activity" »
Posted on Jan 22, 2012 By Heidi VonderHeide
A FINRA arbitration panel recently awarded a group of 40 investors $9.1 million in compensatory damages and attorneys fees arising out of the sale of failed non-traded private placements. The award ...
Continue reading "REIT Private Placement Awards Continue to Roll In. Actual Recovery in Remains in Doubt." »
Posted on Jan 14, 2012 By Heidi VonderHeide
FINRA recently filed a proposed rule change with the SEC, proposing to amend Rule 13204 of its Industry Arbitration Code. Rule 13204, which precludes class action claims from being arbitrated before ...
Continue reading "Proposed FINRA Rule Change Seeks to Expressly Preclude Certain Collective Actions" »
Posted on Dec 18, 2011 By Heidi VonderHeide
The FINRA Board of Governors has asked for industry comment on proposed rule amendments it intends to submit to the SEC. Some of the topics include: Debt Research Conflicts of Interest: Modified ...
Continue reading "FINRA Board of Governors Discuss Upcoming Rule Proposals" »
Posted on Dec 18, 2011 By Heidi VonderHeide
Another settlement has come out of the fracas surrounding the 2007-2008 collapse of the Charles Schwab YieldPlus Fund. Under the terms of the most recent settlement, Randall Merc, a former president ...
Continue reading "YieldPlus Fund Fallout Continues" »
Posted on Oct 6, 2011 By Heidi VonderHeide
On October 5, 2011, the Second Circuit issued an enormous decision regarding FINRA's enforcement powers over its member persons and entities. In the case of Fiero v . Financial Industry Regulatory ...
Continue reading "Historic Ruling From Second Circuit: FINRA Cannot Sue to Collect Fines" »
Posted on Sep 26, 2011 By Heidi VonderHeide
Choosing the person with whom to trust your money can be a difficult decision. There are many different options when it comes to investment professionals and great variation when it comes to ...
Continue reading "RESEARCHING YOUR BROKER: TIPS AND TOOLS FROM FINRA AND THE SEC" »