Last week, the United States Court of Appeals for the Eleventh Circuit held that a district court cannot hear constitutional challenges to an ongoing administration enforcement action of the U.S. Securities and Exchange...more
6/24/2016
/ Administrative Law Judge (ALJ) ,
Administrative Proceedings ,
Appeals ,
Appointments Clause ,
Article I ,
Article II ,
Enforcement Actions ,
Jurisdiction ,
Non-Delegation Doctrine ,
Right to a Jury ,
Securities Act ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Securities Violations ,
Seventh Amendment
The Ninth Circuit Court of Appeals this spring held that mutual fund shareholders could maintain direct claims against the fund’s trustees for breach of their common law fiduciary duties. Before Northstar v. Schwab, such...more
10/2/2015
/ Appeals ,
Beneficiaries ,
Breach of Duty ,
Derivative Suit ,
Fiduciary Duty ,
Investment ,
Investment Companies ,
Investors ,
Mutual Funds ,
Shareholders ,
Trustees