Topic
Securities
6,664 published works
Securities Law Prof Blog
NASD Warns Seniors About Life Settlements
NASD issued a warning to seniors about the potential pitfalls of selling their existing life insurance polices for cash in transactions known as "life settlements" or "senior settlements.""Life settlements are…
Securities Law Prof Blog
SEC Approval of NYSE-Euronext Merger Expected
The SEC is expected to approve the merger of NYSE Group and Euronext NV soon, for the first trans-Atlantic stock exchange company. See WSJ, Meet the Big(ger) Board.
Securities Law Prof Blog
Proposed Credit Rating Agency Reform Act Rules
The SEC has proposed rules to implement the Credit Rating Agency Reform Act of 2006, which will establish a regulatory program for credit rating agencies that choose to be recognized…
Securities Law Prof Blog
Insider Trading Complaint Filed
The SEC filed an insider trading action in U.S. District Court for the Northern District of Texas against Donald A. Erickson, former audit committee chairman and a former director of…
Securities Law Prof Blog
Disciplinary Action in Specialists’ Trading Case
NYSE Regulation announced disciplinary action against the former President of specialist firm Fleet Specialist, and others, in connection with the activities of its floor traders, who stepped in front of…
Securities Law Prof Blog
More Improper Trading Charges Against NYSE Specialist Firms
NYSE regulators brought charges against eleven current or former employees of floor-trading speclalist firms for profiting by stepping in front of customers' trades. This brings to 35 the people charged…
Securities Law Prof Blog
SEC Inquiry on Info-Sharing on Wall St.
The WSJ follows up on a story the NY Times broke yesterday -- that the SEC is investigating a dozen Wall St. firms for providing favored customers with information about…
Securities Law Prof Blog
District Court Opinion on SLUSA Delaware Carveout
A federal district court in S.D. Texas held that shareholders could sue the corporation for allegedly misleading statements in the company's preliminary proxy statement prepared in connection with a proposed…
The D&O Diary
Opt-Outs, Claims Severity and D & O Insurance Limits
In the latest of the securities class action opt out settlements, California's teacher pension fund reached a $46.5 million settlement in its separate case against Qwest Communications, its accountants and…
Securities Law Prof Blog
NASD Fines Fidelity $3.75 million
NASD announced today that it has fined four Boston-based Fidelity broker-dealers a total of $3.75 million for improperly maintaining NASD registrations for 1,100 individuals, failing to assign registered supervisors to…