A recent North Carolina Ethics Opinion concluded that SEC Rule 205 preempts the state rules of professional responsibility. SEC Rule 205, enacted under Section 307 of SOX, permits a lawyer who represents a publically traded company and who appears and …

North Carolina Ethics Opinion Finds SEC Rule 205 Preempts State Rule Read More »

The Supreme Court reversed a Second Circuit decision which held that the pre-emption provision of the Securities Litigation Uniform Standards Act of 1998 only encompassed those actions in which the purchaser-seller requirement of Blue Chip Stamps is met. The court …

SLUSA Pre-Emption Clause Not Delimited By Blue Chip Stamps Read More »