Year: 2009

This Week In Securities Litigation (January 23, 2009)

This week, SEC Chairman Christopher Cox resigned while the confirmation of his potential successor, Mary Schapiro, is still pending in the senate. New statistics released by NYSE Regulation demonstrate that insider trading is on the increase. The SEC also filed

A Challenge To The SEC’s Claim of Jurisdiction Over Index Annuity Contracts

A group of insurance companies has filed a petition challenging the SEC’s recently enacted Rule 151A regarding indexed annuities. At issue is whether the SEC overstepped its authority in enacting a rule which permits the Commission to assert jurisdiction over

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