Last month, the U.S. Department of Labor released a measure officially delaying the implementation of the rule and its related exemptions by 60 days. The applicability date is now June 9. Some argue a longer delay is necessary, while others contend the U.S. Securities and Exchange Commission should step in and craft a better rule.
SEC obtains emergency court order freezing brokerage accounts of a Chinese national suspected of insider trading
WASHINGTON (Legal Newsline) – The Securities and Exchange Commission (SEC) announced Feb. 10 that it obtained an emergency court order freezing brokerage accounts amassed by Shaohua (Michael) Yin in the wake of Comcast Corp.’s acquisition of DreamWorks Animation SKG Inc. after allegations of insider trading.
DENVER (Legal Newsline) – If left intact by the U.S. Supreme Court or new presidential regime, the Dec. 27 decision by the U.S. Court of Appeals for the 10th Circuit regarding the use of administrative law judges could cause a tectonic shift in the legal powers of bureaucracies and may undo a wide range of decisions handed down during prior cases.