Tag Archives: securities

Investments Advisor On Avoiding Scams

Investments and securities expert Edward Siedle writes that his work testifying as an expert witness recently for a large investor that lost millions to Bernard L. Madoff gave him an inside view of the sales job financial advisors are continuing to put over on wealthy clients.

Read more
Federal Judge Tosses Out SEC Stock Option Lawsuit

Federal Judge Tosses Out SEC Stock Option Lawsuit

In a decision with potentially broad implications, St. Louis, MO, U.S. District Judge Jean C. Hamilton tossed out a SEC lawsuit over stock option backdating before the defense had presented a single witness. Hamilton said the SEC offered “no evidence” that Michael F. Shanahan Jr., the son of the former CEO and co-founder of Engineered Support Systems Inc., misled stock buyers or sellers, and “no evidence” about what standards of care he allegedly violated as a non-employee member of the board of directors.

Read more