Determining Chief Compliance Officer Liability Isn’t Really That Confounding
This post was originally published on Ulmer’s Broker-Dealer Law Corner blog.
About a month ago, the SEC announced a settlement in a modest little case that has, nevertheless, managed to garner a lot of attention. This is a result of the fact that one of the respondents was …
When It Comes To GPB, FINRA Looks At Things Quite Differently Than The SEC And The DOJ
This post was originally published on Ulmer’s Broker-Dealer Law Corner blog.
Among the criticisms I have leveled against FINRA are (1) that it is increasingly acting like a claimant’s arbitration attorney, by taking every possible opportunity to blame member firms for losses incurred by investors when …
Motions to vacate an adverse arbitration award are rarely granted by courts. Indeed, that should come as no surprise to anyone inasmuch as the awards rendered at the conclusion of the arbitral process are explicitly designed to be “final.” As a matter of both federal and state law, there are …
Happy New Year! I hope you had an enjoyable holiday season. At least happier than that of JP Morgan Securities, which, right before Christmas, got to write checks to the SEC and the CFTC totaling $200 million. That’s a lot, even for JPMS. How did this happen?
Well, the story …
SEC Settlement Proves That It’s Easy Enough For An IA To Get In Trouble Just For Doing Nothing
In a new post to Ulmer’s Broker-Dealer Law Corner blog, Ulmer Partner Alan Wolper discusses a recent SEC settlement and how it proves that it can be easy for an investment advisor to get into trouble by simply doing nothing. To read the full post,
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