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Consumers Financial Corp., Exchange Act Rel. 61561, February 22, 2010After these proceedings were instituted under Exchange Act § 12(j) based on delinquent mandatory filings the company claimed that it had less than 200 shareholders by filing a Form 15. The Division of Enforcement sought to amend t... Read On
Bill Singer is a securities industry attorney who advocates on behalf of small- and mid-sized broker-dealers, registered persons, whistleblowers, and defrauded public investors.
At first blush, this looked interesting. Another intra-industry dispute over what is typically called an EFL case – Employee Forgivable Loan -- but with a twist: The broker initiated the Financial Industry Regulatory Authority (FINRA) Arbitration proceedi... Read On
There's not much to say about VIX from my perspective. The market marches higher, and VIX has been going nowhere. What is not obvious from the data is the VIX is significantly higher than the realized volatility of the market. We have not only been heading higher, but the average daily moves are... Read On
Spring in the air, will there be any Lehman canaries?WSJ reports today that Legal Experts Say a Lehman Criminal Case Would Be Difficult.Peter Henning follows white-collar crime issues for DealBook.Henning notes that the bankruptcy examiner’s report filed by Anton Valukas on Lehman discusses accoun... Read On
Typically, in a normal transaction where you are betting on the direction of a stock, you can buy a call, which means that you think the price of the stock will go up. Conversely, someone on the other side will buy a put, because they think the stock will go down. One of them will be right and the o... Read On
Or is it our bottom five suspicious states? FinCEN's "By The Numbers" report from January shows SAR-SF reporting summary totals from 2003 through June 2009. SAR-SF's are forms filed by securities brokerage firms and other non-depository institutions (non-banks). Here are the states with ou... Read On
Mark Mendelsohn (DOJ Deputy Chief, Fraud Section and the DOJ's FCPA "top cop") recently defended the 2008 Siemens enforcement action. This post takes issue with Mendelsohn's defense of the Siemens enforcement action.
(This is only a summary of the article. Click on the headline to view th... Read On
2009 was a challenging year for employers and employees.
From our vintage point, we are seeing more employers than in recent years finding it necessary to return excess 401(k) contributions to Highly Compensated Employees by the March 15 deadline or provide a supplemental 100% ves... Read On
