Asset Management Law360 provides breaking legal news and analysis on the asset management industry. Coverage includes litigation, policy developments, and corporate deals involving investment firms, mutual funds, hedge funds, bond funds, pension funds, and real estate investment trusts.
Nearly all publicly traded companies that have raised money though so-called Reg A+ initial public offerings — a scaled-down version of a traditional IPO intended to ease burdens on smaller companies — have seen their shares plunge since going public, raising questions about the program's viability.
A high-profile challenge to the U.S. Securities and Exchange Commission’s in-house court intensified in recent days as government lawyers urged the U.S. Supreme Court to give the agency's chair the power to remove administrative law judges, while a money manager whose case is now before the justices has asked them to come down hard against the regulator over what he calls its use of an unconstitutional tribunal.
A judge in upstate New York and an attorney have been arrested for allegedly stealing more than $4 million from the family trusts they were responsible for overseeing, the New York state attorney general announced Friday.
The owner of an Illinois software firm pled not guilty Thursday to conspiracy and spoofing charges stemming from accusations he led efforts to carry out a futures trader’s plan to implement software allowing the trader to create false orders and manipulate the precious metals market.
In four years, the new tax law is scheduled to tighten restrictions on businesses claiming deductions for interest paid on borrowed funds, but highly leveraged companies already are evaluating how this imminent change will affect their cash flows and financing options.