The New York State Comptroller released on October 22, 2013 a report on the outlook for bonuses on Wall Street for 2013. The report indicated that Wall Street profitability for...
CFTC Whistleblower Program
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, a new and little noticed whistleblower program was established at the Commodity Futures Trading Commission (CFTC), which allows for the payment of...
FINRA Provides Guidance to Arbitrators on Expungement Requests
On October 16, 2013 FINRA provided enhanced guidance to arbitrators considering expungement on broker's U-5 Forms. The guidance followed concern that a large number of brokers were obtaining expungement of...
The New York Court of Appeals Reaffirms the Strength of the New York City Administrative Code’s Human Rights Law
On October 15, 2013, the New York Court of Appeals (New York State's highest court) in Romanell v. Intesa Sanpaolo, S.p.A. http://www.nycourts.gov/ctapps/Decisions/2013/Oct13/152mem13-Decision.pdf reaffirmed the continuing strength of the NYC Administrative Code's Human...
Securities and Exchange Commission to Step Up Enforcement Actions
In a landmark speech on September 26, 2013, SEC Chairperson Mary Jo White detailed the SEC’s new roadmap for “aggressive and creative” enforcement actions. Going forward, the SEC is going...