Securities Law Prof Blog

Covers corporate law news, issues and regulatory developments relating to securities law.

Author: Barbara Black, a law professor and director of the Corporate Law Center at the University of Cincinnati College of Law, edits Securities Law Prof Blog, which is part of the Law Professor Blogs Network.

Blawg Related Categories: Corporate Law • Government Law • Law Professors • Securities Law • University of Cincinnati • Law Professor

Recent Posts from Securities Law Prof Blog

SEC Blew Chance to Expose Madoff's Fraud in 2004
Fascinating article in today's Washington Post: Zachary Goldfarb reports that in 2004 an SEC staff attorney in Compliance, Inspections and Examinations (who previously worked at the American Stock Exchange and understood complicated trading strategies) figured…
SEC Proposes Revisions to Proxy Disclosures on Compensation and Corporate Governance
The SEC proposed a set of rule revisions intended to improve the disclosure provided to shareholders of public companies regarding compensation and corporate governance matters in proxy and information statements. They include information about: The…
SEC Votes to Eliminate Broker Discretionary Voting for Uncontested Directors' Elections
The SEC voted to approve an NYSE proposal that would eliminate broker discretionary voting for all elections of directors, whether contested or not. Currently, NYSE Rule 452 and corresponding Listed Company Manual Section 401.08 permit…
SEC Charges Former Beazer Homes Accounting Officer with Multi-Year Fraud
The SEC filed a civil complaint against Michael T. Rand, the former chief accounting officer of Atlanta-based home builder Beazer Homes, USA, Inc., alleging that he conducted a multi-year fraudulent earnings management scheme and misled…
SEC Proposes Shareholder Approval of Exec Compensation Rule Applicable to TARP Recipients
The SEC proposed amendments to the proxy rules to set forth certain requirements for U.S. registrants subject to Section 111(e) of the Emergency Economic Stabilization Act of 2008, which requires companies that have received financial…
SEC Brings Action Alleging Sales of Fraudulent and Unsuitable Variable Annuities Through Free-Lunch Seminars
The SEC today instituted an enforcement action against Prime Capital Services (PCS), a Poughkeepsie, N.Y.-based firm, and several representatives and supervisors for their alleged roles in fraudulent and unsuitable sales of variable annuities to senior…
Merkin's Art Collection to be Sold and Funds Placed in Escrow Pending Resolution of New York AG's Suit
STATEMENT FROM ATTORNEY GENERAL ANDREW CUOMO ON THE SALE OF J. EZRA MERKIN'S ART COLLECTION: "Earlier this morning in New York State Supreme Court, my Office submitted a stipulation and order regarding the impending sale…
FINRA Fines Firm and Former Broker for Improper Communications with Interdealer Brokerage Firms
FINRA announced that it has fined ICAP Corporates LLC, of Jersey City, $2.8 million and sanctioned a former broker for numerous improper communications with other interdealer brokerage firms about customers' proposed brokerage rate reductions in…
FINRA Announces Initiatives Involving Municipal Securities
Concerns have been expressed that municipal securities would be the next big headline fraud, as retail investors engage in the perennial search for safety with higher returns than CDs. Today FINRA announced initiatives to survey…
FINRA Files Proposed Changes to Arbitration Code
FINRA has filed with the SEC a proposed rule change to amend Rules 12100(r), 12506(a), and 12902(a) of the Code of Arbitration Procedure for Customer Disputes (“Customer Code”) and Rule 13100(r) of the Code of…