November 5, 2012 proved to be a significant day for financial regulators. In the U.S. FINRA announced the filing of a cease-and-desist order against WR Rice Financial Services and its owner, Joel Wilson for allegedly fleecing investors. In the U.K. …
Two Regulators, Two Stockbrokers and Two Fraudulent Schemes Read More »
The Supreme Court heard arguments in an important securities case on Monday, Amgen Inc. v. Connecticut Retirement Plans and Trust Funds, Docket No. 11-1085. The question for resolution is whether a securities law plaintiff must demonstrate that the claimed misrepresentations …
Rule 23, Basic And Class Certification in Securities Fraud Suits Read More »