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    New Podcast Series Features Blue Sky Enforcement Stories

    It seems that there are now podcasts for every taste and interest.  Earlier this month, the North American Securities Administrators Association announced the introduction of Real Life Regulators a podcast series that brings "true crime stories...

    securities fraud

    Not All Sports Betting May Be Legal In Nevada

    Last August, Nevada Secretary of State Barbara Cegavske issued a Summary Order to Cease and Desist on Thomas Becker and Wellington Sports Club, LLC, Einstein Sports Advisory, Ltd., and Welscorp, Inc.  The gist of Secretary of State's allegations is...

    securities fraud

    Does Voluntary Disclosure Reduce Or Increase Litigation Risk?

    When disclosure is not mandated, companies must confront the question whether to disclose or not disclose.  Some may hold that issuers minimize the risk of securities litigation by making early and voluntary disclosures.  By doing so, they cabin...

    securities fraud

    Is It Deceptive To Lie To A Machine?

    John Jenkins at writes this morning about the Securities and Exchange Commission's announcement that it has filed a civil complaint against nine defendants for hacking the EDGAR system.  The SEC's complaint alleges that...

    securities fraud

    Court Finds Section 12(a) Claim Fails For Failure To Plead Scienter?

    I recently covered liability under Sections 11 and 12 of the Securities Act of 1933 in the securities regulation course that I am teaching at the University of California, Irvine School of Law.  Thus, I was interested to read a recent ruling by U.S....

    securities fraud

    I Beg Your Pardon, Martha Stewart

    Last week, President Donald Trump intimated that he may pardon Martha Stewart who was famously convicted and served time in prison for obstruction of justice.  Ms. Stewart's notorious conviction arose out of an insider trading investigation of her...

    securities fraud

    Before Filing A Lawsuit, You May Want To Review Your Offering Documents

    This post by John O'Brien for Legal Newsline is a reminder to securities issuers that they might want to review their prior offering documents before filing a lawsuit in which they make inconsistent allegations and disclose facts omitted from the...

    securities fraud

    Court Punishes Company For Statement Of Belief

    Thomas Carlyle famously called economics, the "dismal science".  Sometimes, the law can be equally disheartening.  Imagine trying to explain to a client that a statement that the company is "on track" to meet its projections might be within the safe...

    securities fraud

    What Do You Know? Bill Proposes To Eliminate Scienter

    Corporations Code Section 25401 is California's basic securities antifraud statute:

    Legislation, Muratsuchi, scienter, Securities Litigation, AB 1517, Chiu, crowdfunding permi, Section 25401, Section 25501, securities fraud