Was it a victory for investors? It seems so. Justice Elena Kagan’s written decision issued on March 24, 2015 in Omnicare, Inc., et al. v. Laborers District Council Construction Industry Pension Fund, et al. clarified the standards for investor claims under Section 11 of the Securities and Exchange Act of 1933. Pension fund representatives and…
Continue reading ›Robert S. Banks, Jr. was appointed by the Oregon Division of Finance and Corporate Securities to the Rule Advisory Committee for a proposed Crowdfunding exemption in Oregon. The first meeting is being held on October 20, 2014 in Salem. Any interested citizens should feel free to contact Mr. Banks with their comments or concerns about…
Continue reading ›Investors wary of a broker’s self-interest in selling commission-based products may look to change to a fee-based advisory account. Rather than charging a commission for each transaction, fee based accounts typically charge an annual fee based on total account value. However, while a broker might “churn” an account in commission situations by inappropriately purchasing securities…
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