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Rulemaking by the Securities and Exchange Commission

Federal agencies adopt rules to implement laws. Following the stock market crash in 1929, laws were passed to reform securities markets and to broaden the amount and accuracy of information to be made available to investors by issuers of...

Fairness Standard and Business Judgment Rule

The business judgment rule is a rebuttable, procedural presumption that a corporate director has acted on an informed basis in good faith and in the honest belief that the action taken was in the best interest of the...

Securities Trading Halts, Delays, and Suspensions

The Securities and Exchange Commission may suspend trading in a security for up to ten days. Securities exchanges such as the New York and American Stock Exchanges and Nasdaq may delay trading in a security at the beginning of a trading day or...

Trademark Law

Federal False Advertising and False Designation of Origin Claims

Section 43(a) of the federal Lanham Act, 15 U.S.C.S. § 1125(a)(1), provides that a plaintiff may file false...

Blue Sky or State Securities Laws

Regulation of the securities industry by the Securities and Exchange Commission and by self-regulatory organizations such as the national stock exchanges is well known. However, in addition to such regulation, each state provides its own...