“Silent Partner” Not So Silent?

Have you had a wonderful idea but no money to get it launched? Did you accept money from a relative or friend and lived to regret it? There is no need for any “contract” because this is between people who trust one another, right? No! It is not right and the reason...

SEC may update advertising rules

Professionals in the securities industry may get more freedom when it comes to advertising. In early November 2019, the U.S. Securities and Exchange Commission proposed updating the Investment Advisers Act of 1940 to allow investment advisers using endorsements and...

SEC collects $4.3 billion in fiscal year 2019

The U.S. Securities and Exchange Commission’s Division of Enforcement announced on November 6, 2019 that it ordered more than $4.3 billion in disgorgement and penalties for the 2019 fiscal year. The SEC also reports returning approximately $1.2 billion to harmed...