The commentary, speculation and second guessing about the SEC’s settlement in Goldman may be drawing to a close, or at least diminishing. There is no doubt that Goldman is the most significant market crisis case to come from the numerous …

FOR SEC ENFORCEMENT, WHAT IS THE ENCORE? Read More »

In U.S. v. Lay, No. 08-3893 (6th Cir. July 14, 2010), the court upheld an instruction that permitted the jury to find that a hedge fund adviser had a fiduciary relationship with a client. Defendant Mark Lay began serving as …

SIXTH CIRCUIT UPHOLDS CONVICTION OF HEDGE FUND MANAGER Read More »