In a decision beneficial to the US Securities and Exchange Commission, the US Supreme Court has affirmed that those persons who disseminate statements containing material misrepresentations or omissions are primarily liable...more
3/28/2019
/ Appeals ,
Enforcement Actions ,
False Statements ,
Fines ,
Intent to Defraud ,
Investment Banks ,
Lorenzo v SEC ,
Material Dissemination ,
Misleading Statements ,
Reaffirmation ,
Rule 10b-5 ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Suspensions
Background -
Eight years in the making, the US Securities and Exchange Commission (SEC) has finally approved the Financial Industry Regulatory Authority’s (FINRA's) proposed Rule 2242 (the Rule or Rule 2242), which will...more
10/6/2015
/ Carve Out Provisions ,
Conflicts of Interest ,
Debt Securities ,
Disclosure Requirements ,
Due Diligence ,
Exemptions ,
Final Rules ,
Financial Industry Regulatory Authority (FINRA) ,
Institutional Investors ,
Investment Banks ,
Qualified Institutional Buyers ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act
FINRA explains the risk levels associated with communications regarding potential investment banking transactions: from low to high to “unmanageable.”
On May 27, the Financial Industry Regulatory Authority (FINRA)...more