California Corporate & Securities Law

"Bundling" was a colonial American practice of unmarried persons sharing the same bed whilst being physically separated by a board or sack.  As might be expected, bundling had its critics.  One Henry Reed Stiles piously carped:

I have often observed that you can read every section of the Delaware General Corporation Law and learn almost nothing about Delaware corporate law. Here are three of the most fundamental principles of Delaware corporate law that you won't find in...

In the early morning of October 3, 1970 on rural road just outside San Jose, 61-year old Engineer Anthony Gassell was at the controls of his Southern Pacific locomotive as it headed northwest. At the same time, 24-year old Kathryn Colville was...

In June of last year, the Public Company Accounting Oversight Board adopted Auditing Standard No. 18 which "establishes requirements regarding the auditor's evaluation of a company's identification of, accounting for, and disclosure of relationships...

ISS released its 2016 Benchmark Policy Recommendations last Friday.  I had previously criticized ISS for its proposal to change its recommendation on withholding votes with respect to directors who sit on too many boards:

In yesterday's post, I wrote that Judge Leigh Martin May had issued a ruling enjoining a SEC administrative proceeding.  Presumably, Judge May has or will issue an injunction.  This leads me to question why the verb is typically spelt "enjoin" while...

Last March, I posed the following question:

The North American State Securities Administrators Association (NASAA) recently warned investors about the risks of investing in binary options. While NASAA asserts that many binary trading platforms are "unregulated or are completely illegal", I...

An often overlooked corner of the California Corporations Code is the Bucket Shop Law, Cal. Corp. Code § 29000 et seq.  The law quite literally criminalizes the keeping of a bucket shop: