The SEC says First Liberty lured investors with high-yield promissory notes, then used fresh cash to cover defaults and interest owed to earlier investors.
A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.
Invictus fund managers allegedly kept $10 million in plan assets after removal, setting off a legal fight that raises red flags for wealth firms.
A House bill could stop the SEC from blocking closed-end funds' private fund investments.
Reshuffle provides strong indication of where the regulator's priorities now lie.
'Nostradamus' real estate entrepreneur accused of misleading investors on social media despite SEC's objections.
House bill seeks inflation-based adjustment to private fund advisor exemption.
A new House measure would enshrine FinHub and LabCFTC as permanent fixtures, deepening ties with financial technology sector.
Maine lawmakers have passed a bill authorizing financial institutions to delay disbursements if they suspect financial exploitation of residents aged 62 or older.
Judge sides with investor, whose collection included a Luka Doncic game-worn rookie jersey and a Wilt Chamberlain high school uniform, after concerns were raised about oversight and business practices.
The controversial hedge fund manager fails to stop the SEC from moving forward with a potential industry ban, after a federal judge rejects constitutional claims.
A public pension fund’s legal fight with activist investors over a $34.6 million Big Lots share sale isn’t over yet. Here’s why the court hit pause on the dismissal.
A New Jersey appellate court reinstates regulators' ability to seek both restitution and disgorgement in a securities fraud case involving unregistered investments and diverted investor funds.
A federal appeals court has sided with activist investors in a closely watched proxy battle involving nine Puerto Rico municipal bond funds.
Judge rejects shareholder lawsuit targeting Fidelity's preferred stock deal.
The Wisconsin Court of Appeals ruled that a receiver can recover over $137,000 in alleged preferential payments from a Utah funder, despite forum and choice-of-law clauses in merchant cash advance agreements.
The Appellate Division of New York’s Supreme Court has upheld a $1.64 billion ruling against China Construction entities in a high-stakes case over the failed Baha Mar resort development in the Bahamas.
Delaware’s Chancery Court dismissed controller and fiduciary claims in a suit over Focus Financial’s sale but kept alive a disclosure issue tied to a rival bidder.
An Ohio appellate court has upheld a trial court’s decision to enforce arbitration clauses in a complex family trust dispute over access to venture investments, reinforcing the binding power of partnership agreements.
A New York appeals court upheld a $795,480.96 judgment for broker Scott Bloom in a dispute over unpaid commissions, rejecting Helmsley Spear’s procedural and contractual defenses.
