On June 30, 2021, the Financial Industry Regulatory Authority (“FINRA”) fined[1] the popular broker-dealer trading app Robinhood Financial LLC (“Robinhood”) $57 million, and ordered the company pay approximately $12.6...

Back in 2018, the Securities and Exchange Commission settled a securities fraud charge with Tesla and Elon Musk. The charge arose as a result of a Musk tweet that he had secured funding to take Tesla private, causing...

The U.S. Securities and Exchange Commission (SEC) is working to overhaul the rule that protects corporate executives from insider trading accusations when they buy or sell their company’s stocks. Executives are regularly...

Reverse veil-piercing has become a limited means to remedy fraud and injustice between shareholders and corporations. Reverse piercing of the corporate veil occurs when a claimant seeks to hold a corporation liable for the...

Credit Suisse informed investors that it would no longer execute transactions for certain cannabis companies with US operations or hold them on behalf of clients back in March.[1] The weed industry is booming, with Cannabis...

Over the past year, several major players in the pharmaceutical industry have faced severe shareholder scrutiny for misleading the public regarding their roles in the production of COVID-19 vaccines. The company to most...

Special purpose acquisition companies, or SPACs, have become the new, go-to structure for taking private companies public. These companies begin as shell corporations listed on public stock exchanges. Often, they report a...

Private jets, million-dollar compensations and bonuses during COVID-19? When does corporate waste get of hand and becomes actionable? Corporate waste is when exchange is “so one sided that no business person of ordinary,...

Shareholder derivative suits are brought by an investor on behalf of the corporation itself. In a derivative case, the plaintiff alleges that the actions of the defendants, typically the company’s officers and directors,...

Last month, a group of over 100,000 retail investors made a stir in the financial world by causing an astonishing and rapid rise in stock price for video game retailer GameStop (GME). These amateur investors were members of...