Court confirms SEC denial of whistleblower award to two parties based on the SEC’s interpretation of providing “original” information that contributed to the successful prosecution of an action,
By Ben Suter
In a community property state, the “innocent” spouse is subject to sanctions, too.
An “obey-the-law” injunction sought by the SEC is not time-barred as a matter of law by the 5-year statute of limitations for civil enforcement actions seeking a “penalty.”
By George H. Friedman, SAA Editor-in-Chief
Just as the SEC’s Regulation Best Interest was about to go into effect September 10, several states and the District of Columbia sued to stop it.
*Identification of an investment entity as a limited partnership and the promise of a fixed return indicates that the investment is a security.
The SEC will be voting on approving Reg Best Interest and related proposed regulations at an open meeting on June 5.
As our readers and followers know,