Ford O'Brien, LLP

New York Securities Law Blog

What is the Right to Know Act and does it apply to white collar investigations?

The New York City council passed the Right to Know Act back in 2017 and it went into effect on October 19, 2018. However, as of this year, many citizens are still unclear of their rights under the new law. If a police officer has ever stopped you and asked to search your person or your property without probable cause, or if you want to protect your rights in the event that an officer tries to perform an illegal search or seizure, this new law applies to you. As such, it is important you understand the protections the law affords you.

"Did you try 'password'?"

We've previously written about cryptocurrency's penchant for being an enigma. On the one hand, it is regulated like other investments; on the other hand, it has been linked to illegal activities and is considered a risky investment by many. 

A story reported earlier this month provides another example of the potential risks to cryptocurrency investors. 

Insider Trading Remains A Fixture of SEC Enforcement

Insider trading has always been one of the primary offenses associated with the term "white collar crime". It has resulted in charges against corporate executives, politicians and internationally-renowned celebrities

With that as the backdrop it is no surprise that The New York Times recently reported that insider trading remains a fixture of securities enforcement. 

A Consequential SCOTUS Ruling For Investors

In recent months the Supreme Court of the United States (SCOTUS) has made major rulings with far-reaching consequences for individual and institutional investors. A highly anticipated future ruling could have a dramatic effect on securities fraud claims brought by investors and the Securities and Exchange Commission (SEC). 

Cryptocurrency & The SEC: Gray Area or Black-and-White?

When compared to the "tried and true" - blue chip stocks, mutual funds, index funds, and bonds - cryptocurrencies are a bit of a gray area. Investing in cryptocurrency appeared even grayer on October 22 when the Securities and Exchange Commission (SEC) suspended trading for a public company that boasted of a fraudulent approval for their cryptocurrency business. 

 

Learn From Elon Musk

Many lessons cover what to do but some of the most valuable lessons to learn cover what not to do. Elon Musk - CEO and founder of companies such as Tesla and SpaceX - recently provided one of those lessons by allowing his flair for self-promotion to get him in hot water with the Securities and Exchange Commission (SEC). 

 

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