A Brief History of Arbitration Arbitration has been used as a process for resolving disputes between persons and countries for thousands of years. References to arbitration proceedings appear in histories of Imperial China, ancient India, Greece, and Rome. Indeed, Philip … The post Fair Representation: SEC Approves Revised FINRA Dispute Resolution Rules appeared first on Biz Law Blog ..read more

At the outset of this blog it is important to have some understanding of the economic consequences of particular transactions. At least since the seminal work of the great Scottish Professor of Moral Philosophy Adam Smith in his 1776 opus … The post Fraud Around the Block: SEC Sanctions Morgan Stanley and Former Managing Director appeared first on Biz Law Blog ..read more

Multiple sclerosis (“MS”) is a long lasting, chronic, and truly terrible disease of the central nervous system. MS will cause ever-increasing disability and, in some cases, can lead to death. It is the most common neurological disease of young adults. … The post The Price Is “Wrong”: SEC Sanctions Pharma Company for Faulty Rebates appeared first on Biz Law Blog ..read more

On Jan. 1, 2024, the Corporate Transparency Act (the “CTA”) went into effect, requiring certain businesses organized or qualified to do business in the U.S. to report beneficial ownership information (“BOI”) unless exempt from the reporting requirements.  In addition … The post The Corporate Transparency Act: What is Self-Authentication Regarding Beneficial Ownership Information? appeared first on Biz Law Blog ..read more

One of the enduring areas of difficulty and dispute in the securities industry is determining the scope of responsibility owed to an investor by the securities market intermediaries. There are at least three types of intermediaries, in theory, with different … The post Laying Down the Law: SEC Sanctions UK Broker/Dealer and Four U.S. Representatives appeared first on Biz Law Blog ..read more

Under the Corporate Transparency Act (“CTA”), effective Jan. 1, 2024, forming an entity that involves an organizational filing with a State or an Indian Tribe requires an “Applicant.” The Applicant must be a “natural person,” and must provide FinCEN with … The post Contracting with A Service Company to Provide the Applicant Under the CTA appeared first on Biz Law Blog ..read more

The etymological origins of “bank” are both interesting and descriptive. “Bank” goes back to the Middle English, which had (after 1066) acquired the term from the Middle French “banque,” itself derived from the Old Italian “banco,” which was adopted from … The post Really Bad Counting: SEC Sanctions Royal Bank of Canada for Accounting Violations appeared first on Biz Law Blog ..read more

Settlement Time One of the great truisms is “Time is Money,” and there is no better exposition of the factors that demonstrate the truth of this statement than “The Price of Time: The Real Story of Interest” by the British … The post ACCELERATING EMMA: Time and Price in Municipal Securities Transactions appeared first on Biz Law Blog ..read more

On Jan. 1, 2024, the Corporate Transparency Act (“CTA”) took effect. As a result, all business entities, unless expressly exempt by the CTA, must file Reports of Beneficial Ownership Information (“BOI”) with the Financial Crimes Enforcement Network (“FinCEN”), a … The post New Diligence Opportunity for Financial Institutions appeared first on Biz Law Blog ..read more

What was a small businessperson to do? In the aftermath of the “Great Recession” (2007 – 2009), the U.S. economy took its own sweet time in recovering from a widespread collapse of value. In response to the financial disruptions brought … The post Not Up to PAR: Regulators Sue Entities and Individuals for Fraudulent Fundraising for Small Business Loans appeared first on Biz Law Blog ..read more