FundLaw Defense Judgement

Legal Lines, Reading Lounge

Following a full bench trial, a court has ruled in favor of the defense in a case under section 36(b) of the Investment Company Act of 1940.  Sivolella v. AXA Equitable Life Insurance Co., No. 3:11-cv-4194 (D.N.J. Aug. 25, 2016).  The trial was the first in several...

What Do You Think of These Frauds?

Reading Lounge

States are beginning to pursue whistleblower provisions.  Confidential informant whistleblower actions have saved the Feds a lot of money.  Securities regulators in two states—Indiana and Utah—are enlisting the aid of these informants to enforce their own fraud...