Publications

US v. Newman and Chiasson: Second Circuit Court of Appeals Clarifies Tippee Liability

On December 10, the Second Circuit Court of Appeals issued its widely-anticipated decision in the appeal of the insider trading convictions of Todd Newman and Anthony Chiasson. The convictions were among dozens obtained in recent […]

FINRA Publishes New Guidance On Expungement Requests In Arbitration Proceedings

Continuing its scrutiny of expungement in customer arbitrations, the Financial Industry Regulatory Authority (“FINRA”) recently published updated guidance for arbitrators evaluating expungement requests, including the customer’s ability to testify and allowing the customer’s counsel to […]

FINRA Cracks Down on Expungements

Recently, FINRA published guidance regarding additional procedures arbitrators must follow when considering motions for expungement. It is no coincidence that FINRA’s guidance was published a mere two days prior to the Public Investors Arbitration Bar […]

Ponzi Database: Comprehensive Look at the Ponzi Schemes in the “Madoff Era”

WGK’s Jordan D. Maglich compiled a comprehensive list of the Ponzi schemes in the past five years. Follow Maglich’s blog at: http://www.ponzitracker.com Link to the Comprehensive List of Ponzi Schemes in the “Madoff Era” here: […]

Once Reserved For Drug Crimes, Wiretapping Takes Center Stage in White Collar Prosecutions

“Today, tomorrow, next week, the week after, privileged Wall Street insiders who are considering breaking the law will have to ask themselves one important question: Is law enforcement listening?” – Preet Bharara, U.S. Attorney for […]

Proposed Legislation to Shield Charities from Fraudulent Conveyance Claims Provides Unnecessary Relief and Harms Fraud Victims

Wiand Guerra King, P.L. Attorneys Burton W. Wiand, Michael S. Lamont, and Jordan D. Maglich Published the Article, Proposed Legislation to Shield Charities from Fraudulent Conveyance Claims Provides Unnecessary Relief and Harms Fraud Victims, in […]

SEC Releases Report On Municipal Securities Market, Calls On Congress For Legislation

On July 31, 2012, the SEC released a long awaited report on the $3.7 trillion municipal securities market. The SEC recognized that the more than one million municipal bonds outstanding are the bedrock for a […]

“SEC Amends Net Worth Standard For “Accredited Investors”

SEC rules exempt the registration of private securities offerings when sales are made to a limited number of “accredited investors.” One way investors qualify as accredited is by meeting a net worth threshold, alone or […]

Federal Judge Rejects Proposed $285 Million Settlement Between SEC And Citigroup

In a sharply-worded order, a federal judge rejected the proposed $285 million settlement between the Securities and Exchange Commission (“SEC”) and Citigroup over a collapsed $1 billion mortgage-bond fund. Ruling that the boilerplate “neither admit […]

An Outline For Transitioning From Wire-House Broker To Independent Investment Adviser

When one chooses to depart from a wire-house brokerage firm to solely provide independent investment advisory services, having a clear plan to establish the steps to establish your new business is an absolute necessity.  Also […]

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