Supreme Court vacates Second Circuit judgment and remands for reconsideration of whether ERISA imposes a duty on an ESOP fiduciary to act on inside information. Retirement Plans Committee of IBM, et al., Petitioners, v. Larry W. Jander, et al. (Opinion, United States Supreme Court)
FINRA Imposes $1 Million Fine On Prudential Investment Management Services For Retirement Plans' Supervisory Issues. In the Matter of Prudential Investment Management Services LLC, Respondent (FINRA AWC)
FINRA Fines Citigroup Global Markets Inc. For Reg SHO Supervisory Failures. In the Matter of Citigroup Global Markets Inc, Respondent (FINRA AWC)
SEC Obtains Emergency Asset Freeze, Charges Businessman With Operating a Ponzi-Like Scheme (SEC Release)
SEC Obtains Final Judgments Against Remaining Defendants in Fraudulent Stock Promotion Scheme (SEC Release)
SEC Obtains Judgments Against Two Attorneys in Fraudulent Scheme to Issue False Legal Opinions (SEC Release)
Advisor's $2.2M recruiting deal dissolved into $1.8M arbitration loss (plus interest) (On Wall Street by Andrew Welsch)
