The Law of the Financial Markets from Top Securities Lawyers
Monday, September 16, 2024
Proposed NASD Rules Will Allow Allegations Against Brokers to be Made Public By Mark J. Astarita, Esq. Note: This column was originally published in 1997 in Research Magazine. Unfortunately, nothing changed, and in fact, the situation has gotten worse. If you have questions about your U-4 or U-5 filings, please […]
By: Mark J. Astarita, Esq. In the article linked below, the authors believe that the landscape of SEC enforcement is changing. According to this article, entities and individuals facing SEC actions are winning, or not losing as much. Of course, the examples in the article are purely anecdotal, and there […]
On Friday, the Securities and Exchange Commission asked a federal appeals court to reconsider a ruling that it said prevents the agency from clawing back ill-gotten gains in cases in which laws were violated but no victims were harmed. But that is the point of the Supreme Court decision in […]
Blog Roundup: The latest posts from securities law related blogs: SECLaw.com: Business Law Professor: 10b-5 Daily: Related Sites The Securities Law Blog Securities Lawyer
Martha Stewart did not go to jail for insider trading. In fact, based on what I know of the facts of the case, I probably could have gotten her off on those charges. No, she was sent to jail for lying to federal investigators. Specifically, for Conspiracy to Obstruct Justice, […]
ABA and AAA Task Force Provide Working Draft of New Ethics Code This four-year effort by a joint task force of the American Bar Association and the American Arbitration Association has now produced a working draft that will cover both domestic and international arbitrations. According to an article on ADRWorld.com […]
Violations of 17(b) Alleged for Failing to Disclose Compensation By Mark J. Astarita, Esq. September 24, 1998 – the SEC announced the filing of a civil action involving a fraudulent touting scheme engaged in by individuals and the corporate publisher of a Newsletter. The Complaint alleges that the individuals […]
UBS Sales Practices in Puerto Rican Bond Funds under review SALLAH ASTARITA & COX, LLC, an AV rated, nationally recognized law firm, has announced its investigation into investor claims against UBS Financial Services Inc. of Puerto Rico (UBS PR) over its sales of leveraged bond funds to investors. The […]
NASD Needs Arbitrators Shortage of Arbitrators in Many Cities By Mark J. Astarita, Esq. The National Association of Securities Dealers has issued a call to arms of sorts – perhaps better called a call to arbs. They need arbitrators in many cities. Although the NASD did not offer an explanation […]
URL-Y WARNINGS BY MARK J. ASTARITA, ESQ. In the late 1990s, a broker at a major wirehouse posted a Web site providing general market information. The broker’s site was being visited by 1,000 potential customers a day. His firm’s reaction? They shut him down out of fear of the new […]
