Intelligence about the opposition is a powerful tool. World governments rely on spies to gather the information needed to assess potential threats to national security. Pro teams make a point of reviewing game films to see what they did wrong and how other teams handle certain situations. The same applies to the practice of business law and perhaps particularly in the area of securities law.
Ben Franklin is credited with saying, "An ounce of prevention is worth a pound of cure." Whether he came up with the phrase himself or retooled one that he picked up from another source is something we may never know. That doesn't diminish the value of the adage, however.
The attraction of apparent ready money in the face of mounting financial pressure can lead people to make decisions they otherwise probably would not. Perhaps one of the best examples of this phenomenon in practice can be seen in the existence of so-called pension advance companies.
The U.S. Supreme Court wrapped up its session for the year on Monday. As is typically the case, there was a flurry of decisions issued in the final weeks. Included on the list was one that came down June 22 and which practitioners in securities law are surely still mulling over. As is also fairly typical in such instances, there doesn't seem to be any clear consensus about exactly what effect the decision will have on cases going forward.
A Bloomberg article that just hit the wires this week sheds light on phenomenon that San Diego readers may be only somewhat familiar with. It's called America's retirement rollover boom -- the growing practice of people shifting their 401(k) funds into other plans such as individual retirement accounts as they leave the workforce and enter retirement.
Marijuana is clearly gaining a reputation as a growth industry in the United States. Laws allowing the use of medical marijuana are on the books in California and are popping up across the country. In two states, laws allow a certain level of recreational use of the drug.
Generating passive income is typically a key objective of any investment plan. Active investors look for ways to put their money to work so that it earns interest and produces revenues. Even through the rough times of the recent recession, real estate was the option many exercised to achieve their passive income objectives.
An elderly California couple is slated to receive $1.17 million from Ameriprise Financial Services Inc. The money has been ordered paid by an arbitration panel of the Financial Industry Regulatory Authority -- Wall Street's self-funded regulatory body.
Did you buy stocks in the United States anytime between April 2009 and the present? If you did, there's new securities law litigation being launched on your behalf.
The investment realm is a complicated place. There are a lot of players involved in a lot of activities. As we have learned from recent experience involving mortgage-backed derivatives, sometimes the players don't even know what they're up to. Is it any wonder that regulators find it hard to exercise some measure of control to protect investors against financial fraud?