News & Analysis as of

Broker-Dealer › Professional Liability

Marshall Dennehey

Broker-Dealer Found Grossly Negligent for Employees’ Ponzi Scheme Operated Out of Its Offices

Marshall Dennehey on

A group of investors alleged causes of action, including breach of fiduciary duty and respondeat superior, against the broker-dealer for its failure to supervise four of its employees who operated a Ponzi scheme out of the...more

Wiley Rein LLP

Broker-Dealer Professional Liability Policy Not Implicated Where Registered Representative Was “Selling Away”

Wiley Rein LLP on

The United States District Court for the Northern District of Illinois, applying Illinois law, has held that a registered representative was not performing Professional Services so as to implicate coverage under a securities...more

Carlton Fields

Gatekeeper Liability of Inside Asset Management Attorneys "Appearing" Before the SEC

Carlton Fields on

This article addresses the liability of inside attorneys at asset management companies— mutual fund sponsors, investment advisers, broker-dealers, life insurance companies—as gatekeepers under rules of the US Securities and...more

Broker-Dealer Compliance + Regulation

Ninth Circuit Brookstreet Decision Upholds Control Person Liability

Broker-Dealer Compliance + Regulation on

The Ninth Circuit recently found the principal of a broker-dealer liable for the extensive and aggravated sales practice violations of the firm’s registered representatives. In its unpublished decision (not to be cited as...more

4 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide