Month: August 2009

At last, there is at least a partial an answer to the now famous question posed by then Judge Stanley Sporkin, a former SEC Enforcement Director, about the savings and loan debacle: to paraphrase “where were all the lawyers and …

THE SEC/BANK OF AMERICA SETTLEMENT: THE LAWYERS DID IT? Read More »

In a case of first impression, the DC Circuit held in a 2-1 decision that limited partnership units are securities under the federal securities laws using the investment contract test of SEC v. W.J. Howey Co., 328 U.S. 293 (1946). …

WHEN SHOULD THE SECURITIES LAWS APPLY? Read More »