Changes for the New Century By Mark J. Astarita, Esq. Last year was the last of something of an incredible century for the world, and no less so than for the financial markets. The changes in the financial markets over the last 100 years have obviously been significant, but it […]
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Court Upholds Prehearing Dismissal of Clearing Broker
“Clearing firms are generally not responsible to customers for the actions of an introducing broker” Warren v. Tacher, C.A. No. 3:99-CV-806-R (W.D. Ky., 6/2/00): We mentioned this recent ruling in this well-known arbitration case in last week’s Arbitration Alert (00-26). The Award under challenge in this proceeding constituted the largest […]
Banking Regulators Propose Regulation of Insurance Products Sold by Banks
New Rules under Gramm-Leach-Bliley Act By John M. Baker, Esq. On August 21, 2000, the federal banking regulators (Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of Thrift Supervision) released proposed regulations implementing consumer protection provisions of […]
Internet Touting – SEC Seeks Cease and Desist Order
Cease and Desist Order Sought Against Internet Investor Relations Firm and its President On February 24, 1999 the SEC issued an order to institute cease-and-desist proceedings against a Minnesota-based investor relations company, alleging that it and its president violated the anti-touting provision of the Securities Act of 1933 by publishing […]
