Tag Archives: ponzi scheme

Securities Class Actions: Should Claimants Plead Section 20(b) in Light of Janus?

Securities law practitioners are undoubtedly aware of the U.S. Supreme Court’s decision in Morrison v. Nat’l Australia Bank, which appears to have significantly narrowed the scope of a plaintiff’s implied right of action under Section 10 of the Securities and Exchange … Continue reading

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Is Mandatory Audit Firm Rotation Necessary for True Audit Independence?

The Public Company Accounting Oversight Board, also known by the forgettable initials PCAOB, was established pursuant to the Sarbanes-Oxley Act of 2002. The PCAOB defines its mission as overseeing the audits of public companies in order to protect the interests … Continue reading

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Traders “Going Rogue” Redux

In connection with volatile stock markets, Warren Buffett once said, “It’s only when the tide goes out that you learn who’s been swimming naked.” One would expect to see some naked swimmers, i.e. traders who are suffering huge losses, when … Continue reading

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