Securities, Brokers, Enforcement Actions

Revised Global Principles on Outsourcing for Regulated Participants in the Securities Markets

A&O Shearman on 11/9/2021

The International Organization of Securities Commissions has published an updated Principles on Outsourcing for regulated market participants in the securities markets. The updated Principles are based on IOSCO’s 2005...more

Investment Management Update

Ballard Spahr LLP on 1/20/2017

SEC Issues Guidance on Mutual Fund Fee Structure - The Securities and Exchange Commission’s (SEC) Division of Investment Management recently issued a guidance update addressing disclosure issues and certain procedural...more

California Brokers Plead Guilty to Insider Trading of Ardea Biosciences, Inc. Stock

Katten Muchin Rosenman LLP on 6/24/2015

On June 9, Chad Wiegand and Akis Eracleous, two San-Diego based brokers, pled guilty in California district court to trading in Ardea Biosciences, Inc. stock with inside information. Mr. Wiegand and Mr. Eracleous,...more

This Week In Securities Litigation

Dorsey & Whitney LLP on 6/13/2015

The question of forum selection by the SEC was a key issue this week. While to date suits challenging the SEC’s right to bring an action as an administrative proceeding rather than in federal court have had little success –...more

This Week In Securities Litigation (Holiday wrap-up edition)

Dorsey & Whitney LLP on 1/5/2015

Through the holidays (Dec. 19 – 31, 2014) the Department of Justice and the SEC continued to file securities enforcement actions. The Department brought an FCPA case which is now number two on the top ten list for amounts...more

Foreign Brokers Doing Business in the United States

McCarter & English, LLP on 8/19/2014

Foreign brokers that engage in securities transactions with U.S. investors based in the United States must be registered with the Securities and Exchange Commission (SEC). There are two major exceptions to this rule. The...more