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Join the Securities Litigation and Enforcement Group on LinkedInU.S. court faults SEC trial strategy against broker, tosses verdict | Reuters
Faulting the U.S. Securities and Exchange Commission’s trial strategy, a federal appeals court on Monday overturned a jury’s finding that a former Prudential Securities broker committed civil fraud by rapidly trading mutual funds. The 2nd U.S. Circuit Court of Appeals in Manhattan said the evidence did not support a December 2011 negligence verdict against Frederick […]
Appeals Court Clarifies Who Counts as a Foreign Official under the FCPA – Law Blog – WSJ
The opinion released Friday said the company bribed in the case qualified as an instrumentality “under almost any definition we could craft,” and, in the interest of government and companies both seeking an appellate-level definition of the term, provided one of its own. “An ‘instrumentality’ under…the FCPA is an entity controlled by the government of […]
It pays to fight back against SEC, FINRA — LifeHealthPro
Despite advisors’ and broker-dealers’ fears that litigating against the Securities and Exchange Commission and the Financial Industry Regulatory Authority is futile, new findings show that it does pay for advisors and BDs to fight charges brought against them. via It pays to fight back against SEC, FINRA — LifeHealthPro