Senator Burr Sued for Insider Trading in Violation of the STOCK Act

Two days ago, North Carolina Senator Richard Burr was sued by a shareholder in Wyndham Hotels and Resorts in the United States District Court for the District of Columbia. In the complaint, the plaintiff alleged that Senator Burr decided to sell his stock portfolio based on non-public “insider” information. According to news reports, in late February 2020, Burr, who is … Read More

FINRA Arbitration Claims Likely to Spike due to Current Market Crash

At present, the stock market appears to be in free-fall, with most major market indices down approximately 25% in the past two weeks. The extent of the current crash and the duration of the recovery will likely depend on the extent and duration of the coronavirus crisis and the oil price trade war between Saudi Arabia and Russia. Absent a … Read More

The North Carolina Supreme Court’s Piazza v. Kirkbride Decision Fails to Resolve Important Issues under State Securities Act

On May 10, 2019, the North Carolina Supreme Court issued its opinion in Piazza v. Kirkbride. See Piazza v. Kirkbride, 827 S.E.2d 479 (2019). The Court declined to resolve important issues under the North Carolina Securities Act, instead ruling that defendant Gregory Brannon had failed to properly preserve his challenge to the trial court’s jury instructions. In the trial court … Read More

Andrew Whiteman Assists Securities Law Clinics with Amicus Brief Filing

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Andrew Whiteman Assists Securities Law Clinics with Amicus Brief Filing On April 19, 2019, Andrew Whiteman filed an amicus curiae brief in the United States Court of Appeals for the Fourth Circuit on behalf of three law school law clinics: University of Miami School of Law Investor Rights Clinic, Elizabeth Haub School of Law at Pace University Investor Rights Clinic, … Read More

It’s time to have a serious conversation with your financial advisor.

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The bull market that began in mid-2009 may be over. According to a Bloomberg article posted earlier today, the stock markets closed at a 14-month low as a result of continued uncertainty over economic conditions, possible interest rate increases, and international trade policy. The S&P 500 is down nearly 5% this year. The current market volatility is usually indicative of an … Read More