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Securities Law Prof Blog
FINRA Disciplines CEO of Investprivate
A FINRA Hearing Panel issued a decision that imposed a 90-day suspension, a concurrent 10-day suspension, and a $12,500 fine against Scott Mathis, Chairman and CEO of New York's Investprivate,…
Legal Profession Blog
Ethical Duties of Prosecutors in White Collar Cases: The Enron/Skilling Example of the Value of Full Disclosure (or, Here’s the Story of a Rule Named Brady)
Posted by Alan ChildressOn White Collar Crime Prof Blog, Ellen Podgor has recently posted on the social value (here) and on the ethics rule requirement (here) of full discovery disclosure…
Securities Law Prof Blog
Leuz & Wysocki on Financial Reporting
Economic Consequences of Financial Reporting and Disclosure Regulation: A Review and Suggestions for Future Research, by CHRISTIAN LEUZ, University of Chicago - Graduate School of Business; European Corporate Governance Institute…
Nonprofit Law Prof Blog
California to Take Steps to Force Disclosure of Nonprofit “Taxable Expenditures” and Prevent Deductibility of Earmarked “Charitable Contributions”
Internal Revenue Code Section 4945 is one of the excise tax provisions applicable to private foundations. It was enacted because Congress thought wealthy private foundations were "increasingly active in political…
The D&O Diary
D & O Insurance and Securities Settlements: Professor Griffith Responds
Last week, I added a post (here) discussing the March 2, 2008 paper entitled “How the Merits Matter: D&O Insurance and Securities Settlements” (here) by Connecticut Law Professor Tom Baker…
Securities Law Prof Blog
SEC Reproposes Amendments to Form ADV
The SEC is reproposing amendments to Part 2 of Form ADV, and related rules under the Investment Advisers Act, to require registered investment advisers to deliver to clients and prospective…
Securities Law Prof Blog
SIFMA Files Comments on Mutual Fund Reform
SIFMA today filed a comment letter in support of most aspects of the SEC's proposed disclosure and new prospectus delivery option for mutual funds. The SEC reforms would require preparation…
Securities Law Prof Blog
Cox Testifies on Plain English
SEC Chairman Christopher Cox, spoke on one of his favorite topics, Plain Language — The Benefits to Small Business, before the Subcommittee on Contracting and Technology, Committee on Small Business,U.S.…
Securities Law Prof Blog
SEC Proposes a Plain English Brochure for Investment Advisers
The SEC voted to propose rule amendments requiring investment advisers to prepare and deliver to clients and prospective clients a narrative brochure written in plain English. Brochures would be made…
Canadian Securities Law
Merger talks are not a reportable material change unless parties are committed and success is likely, OSC panel rules
Andrew Cunningham | Version française In its widely anticipated ruling of Re AiT Advanced Information Technologies Corp., the Ontario Securities Commission (OSC) held that the obligation to disclose a potential merger as…