SEC Proposed Rule Amendments to Strengthen Safeguards of Investor Funds Controlled by Investment Advisers

Washington, D.C., May 14, 2009 (LAWFUEL) – The Securities and Exchange Commission today proposed rule amendments to substantially increase protections for investors who entrust their money to investment advisers. The SEC is seeking public comment on the proposed measures, which are intended to ensure that investment advisers who have “custody” of clients’ funds and securities […]

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SEC Brings Emergency Charges Involving Fraudulent Securities Sold on Craigslist

Scheme Also Put Municipal Employee Paychecks at Risk Washington, D.C., May ­14, 2009 (LAWFUEL) – The Securities and Exchange Commission today charged two New Jersey men with orchestrating a fraudulent scheme that sold unregistered securities and commingled investor funds with their payroll service used by New Jersey municipalities and small businesses. The SEC alleges that

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Director of Legislative and Intergovernmental Affairs William Schulz to Leave SEC

Washington, D.C., May 14, 2009 (LAWFUEL) – The Securities and Exchange Commission announced today that William Schulz, Director of Legislative and Intergovernmental Affairs, plans to leave the agency to enter the private sector after having served as a key liaison between the Commission and the Congress. “Bill has served the Commission extraordinarily well during a

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Slaughter & May Sponsors National Literacy Trust – UK Legal Newswire

Research sponsored by Slaughter and May has recently been published by the National Literacy Trust, one of the firm’s main community partners. The research examined how role models can influence young people’s reading habits. Key findings demonstrated that family members and sports people are the most likely role models for primary and secondary schoolchildren. Reading

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For Michelle Obama, corporate law turned out not to be the career she wanted to look back on at the end of her life.

For Michelle Obama, corporate law turned out not to be the career she wanted to look back on at the end of her life. “I had to ask myself whether, if I died tomorrow, would I want this to be my legacy, working in a corporate firm, working for big companies,” the first lady told

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UK Law – Court of Appeal Throws Out Appeal From Banks Against Unfair Charges

LawFuel.com – Legal Newswire – On February 26th 2009 the Court of Appeal in London delivered a crushing blow on several major banks which appealed against the decision of the High Court ruling that charges can be assessed by the Office of Fair Trading. The Judges threw out the banks’ appeal stating that overdraft charges

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London Lawyer – Akin Gump Adds UBS Lawyer To London Funds Practice

LawFuel.com – (London) – Leading international law firm Akin Gump Strauss Hauer & Feld LLP has hired investment funds lawyer Ash Gulati as senior counsel in London, the firm announced today. Mr. Gulati joins the firm from UBS Investment Bank, where he was head of the Prime Brokerage and Equity Derivatives legal team. In addition

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Beverly Hills Hedge Fund Manager Surrenders To Federal Agents Over $44 Million Fund Debacle

LAWFUEL.COM – Legal Newswire – The founder and manager of two Beverly Hills hedge funds was taken into custody this morning when he surrendered to federal agents after being charged in federal court with bilking investors out of approximately $44 million. Bradley L. Ruderman, 46, who has quoted as a financial expert in national media

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Five Years’ Prison For Bronx Man Who Distributed Child Pornography – US Law Newswire Service

LawFuel.com – Legal Announcements – LEV L. DASSIN, the Acting United States Attorney forthe Southern District of New York, announced that HAROLD LEECHANG YEN, 37, was sentenced today in Manhattan federal court to5 years in prison and lifetime supervised release for receivingand distributing child pornography. The sentence was imposed byUnited States District Judge NAOMI REICE

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