Month: May 2016

Exchange Act Section 27 gives federal district courts exclusive jurisdiction of all suits “brought to enforce any liability or duty created” by the Act. The critical question was the scope and reach of that exclusive jurisdiction. The issue had split …

Supreme Court: The Reach of Exchange Act Section 27 Read More »

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Two attorneys, with fiduciary duties to their clients by virtue of their role as escrow agents, served not as the protector of client funds, but enablers of a fraudulent scheme. The plot was uncovered by OCIE during an inspection of …

SEC Charges Attorneys Who Implemented Fraud Scheme Read More »

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