Blog
Carlyle Drops Class-Action Lawsuit Ban as Opposition Mounts
February 4, 2012
Carlyle Group LP abandoned a plan to ban shareholders from filing class-action lawsuits after U.S. regulators threatened to block a stock sale the private-equity firm is seeking to complete as soon as April. The Washington-based firm amended the documents for its initial public offering on Jan. 10 to include a provision that would have required […]
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Lloyd V. Barriger, Monticello, New York Investment Adviser, is Permanently Enjoined and Barred from the Securities Industry
February 3, 2012
On December 14, 2011, the Honorable Cathy Seibel, United States District Judge for the Southern District of New York, entered a judgment permanently enjoining Lloyd V. Barriger from violating the registration and antifraud provisions of the federal securities laws. The judgment further orders Barriger to disgorge ill-gotten gains, together with prejudgment interest, and pay a […]
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Lehman Brothers structured products
February 1, 2012
Structured products in Asia have slunk into the shadows ever since Lehman Brothers introduced the words “counterparty risk” to thousands of retail investors. But the investment class still offers value to those who know how to use it, while those selling the products have embraced simplicity and education in an effort to improve understanding among […]
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FINRA Fines Merrill Lynch $1 Million for Failure to Arbitrate Disputes With Employees
January 26, 2012
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner & Smith $1 million for failing to arbitrate disputes with employees relating to retention bonuses. Registered representatives who participated in the bonus program had to sign a promissory note that prevented them from arbitrating disagreements relating to the note, […]
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SEC Charges Fund Managers, Analysts in Insider Trading Case
January 20, 2012
SEC Charges Seven Fund Managers and Analysts In Insider Trading Scheme, and Also Charges Hedge Fund Firms Diamondback Capital and Level Global On January 18, 2012, the Securities and Exchange Commission filed a civil injunctive action in the United States District Court for the Southern District of New York charging two multi-billion dollar hedge fund […]
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