Legal Alerts

  1. Microcap Securities: OCIE Issues Risk Alert Related to Broker-Dealer Controls Regarding Customer Sales

    Oct. 17, 2014 On October 9, 2014, the Securities and Exchange Commission’s (“Commission”) Office of Compliance Inspections and Examinations (“OCIE”) issued a Risk Alert reporting on significant deficiencies it found in its sweep of 22 broker-dealers that regularly sell microcap securities (“Ri... more >
  2. Seventh Circuit Expands Apportionment Defense, Potentially Limiting Joint and Several CERCLA Liability

    Oct. 15, 2014 The Seventh Circuit issued two significant decisions relating to the cleanup of the Lower Fox River and Green Bay Superfund Site (the “Site”) on September 25, 2014. In the first, NCR Corp. v. George A. Whiting Paper Co., No. 13-2447 (7th Cir. Sept. 25, 2014), the Court reaffirmed... more >
  3. FINRA Solicits Comment on Proposed Rule to Implement CARDS

    Oct. 13, 2014 FINRA is seeking comments on a proposed rule to implement the Comprehensive Automated Risk Data System (“CARDS”).1 FINRA published a CARDS concept proposal on December 23, 2013 (the “Concept Proposal”),2 to which it received approximately 800 comment letters.3 According to FINRA,... more >
  4. The 2014 Bingham Presents Event Offers Valuable Guidance on the SEC’s Enforcement Priorities

    Oct. 7, 2014 On Monday, September 15, 2014, through its partnership with the SEC Historical Society, Bingham held its sixth annual Bingham Presents event. The event featured a distinguished group of panelists who are all well versed in the topic of discussion, Current Issues in Broker-Dealer ... more >
  5. Margin Trading and Short Selling on Shanghai Stock Exchange by Foreign Investors

    Sept. 30, 2014 外国投资者在上海证券交易所的保证金交易和卖空交易 Following the establishment of the “Shanghai-Hong Kong Stock Connect Program” (“Program”) this past June1, the Shanghai Stock Exchange (“SSE”) issued two rules on September 26, 2014, introducing certain changes to the Program, the most significant of whi... more >
  6. FINRA Requests Comments on Revised Proposal to Adopt Rule Mandating Quarterly Delivery of Customer Account Statements

    Sept. 26, 2014 On September 16, 2014, the Financial Industry Regulatory Authority, Inc. (“FINRA”) requested comments on a revised proposal to adopt a consolidated rule regarding delivery of customer account statements. FINRA Rule 2231 would bring NASD Rule 2340 (Customer Account Statements) and... more >
  1. see all alerts from the past 12 months

Legal insight. Business instinct. Global intelligence. ®