Academic

FINRA Issues Guidance on Broker/Dealer Obligations regarding SPACs
FINRA Issues Guidance on Broker/Dealer Obligations regarding SPACs Recently, FINRA issued Regulatory Notice 08-54, which provides guidance on the structure, trends and broker/dealer conflicts of interest associated with SPACs...

PCAOB Regulation of Broker-Dealer Auditors: Is a Legislative Fix Really Needed
In the aftermath of the Bernard Madoff Ponzi scheme, regulators and investors are focusing on the need to regulate auditors of broker-dealers. A tiny accounting firm certified the accuracy of the financial statements of Madoff?s broker-dealer, which was an integral part of the fraud and is now in receivership...

Invited Error Rule Knocks Out Broker-Dealer Appeal Against Computer Programmers
In this messy lawsuit, a broker-dealer sued its computer programmers and their firm on a theory of civil conspiracy. The programmers moved for summary judgment. The broker-dealer argued that the programmers engaged in tortious acts in furtherance of the conspiracy...

Macey, O'Hara and Rosenberg on Applying Broker-Dealer Law to Subprime Mortgages
Jonathan R. Macey (Yale); Maureen O'Hara (Cornell - School of Management) and Gabriel D. Rosenberg (Yale) have posted Helping Law Catch Up to Markets: Applying Broker-Dealer Law to Subprime Mortgages on SSRN...

Investment Adviser and Broker-dealer Industry Practices Report
According to SEC Publishes Text of RAND Report on Investment Adviser, Broker-Dealer Industries, 2008-1, Jan. 3, 2008: The Securities and Exchange Commission has received and posted on its Web site the text of the RAND Corporation's final report on practices...

SEC’s Oversight of Bear Stearns and Related Entities: Broker-Dealer Risk Assessment Program
Securities and Exchange Commission, Office of Inspector General - SEC’s Oversight of Bear Stearns and Related Entities: Broker-Dealer Risk Assessment...

Unregistered BD Defrauds Day Traders
I am often asked by prospective clients for ways to avoid registration as a broker-dealer. But here is one response that I did not consider - just ignore the registration rules and statutes!The SEC has announced that it obtained an emergency court order against an unregistered securities day-trading firm in La Jolla, Calif...

Investor and Industry Perspectives on Investment Advisers and Broker-Dealers
New report from the RAND Corporation: "In theory, financial professionals are relatively distinct: A broker conducts transactions in securities on behalf of others; a dealer buys and sells securities for his or her own accounts; and an investment adviser provides...

Yuppie Fight!
In New York, a stock broker faced criminal charges after he was accused of attacking another man (a hedge-fund manager) during a cycling class at their health club. The stock broker reportedly asked the other man to stop grunting and...

City watchdog pursues insider dealer case
The Financial Services Authority (FSA) has begun its first criminal prosecution against a suspected insider dealer, bringing charges against the former general counsel at TTP Communications, the wireless technology company.

Real Estate Brokers
Questions home sellers should ask potential brokers

Real Estate Brokers
The role brokersplay

Alabama Suzuki Dealer
Faces Class Action

$100 Million in Dell Fraud Charges Settlement
Dell Settles Fraud Charges for $100 Million

National Association of Realtors
Settlement reached in broker listing antitrust lawsuit, pending court approval.

AT&T International Roaming Charges, AT&T lawsuit
AT&T Faces International Roaming Charges Lawsuit

Third Party Mobile Content Charges Settlement
Third Party Mobile Content Charges Class Action Settlement

Goldman Sachs Faces Fraud Charges
Goldman Sachs Faces Fraud Charges