Clients who regularly do business with administrative agencies should be aware that the regulatory landscape is changing. The Supreme Court has ruled, in two different cases, that the powers of the federal administrative agencies are more limited than had previously been assumed.
The U.S. Securities and Exchange Commission (SEC) has increased its enforcement efforts against fund managers and other financial professionals
In recent years, the SEC has increased its enforcement efforts against fund managers and other financial professionals accused of violating securities laws. If you are a fund manager facing a lawsuit by the SEC, it is important to understand your legal options and to work with experienced securities litigation attorneys...