Welcome to SEC Roundup, a bimonthly video sequence by former Securities and Trade Fee senior trial counsels Nick Morgan and Tom Zaccaro, founders of the nonprofit advocacy group Investor Alternative Advocates Community.
On this episode, ICAN President Morgan interviews former SEC attorneys Mary Hansen and Mike Rinaldi of Duane Morris about their groundbreaking lawsuit difficult SEC enforcement practices.
The attorneys signify Michael and David Sztrom, a father-son funding advisory duo going through potential lifetime trade bars by means of SEC administrative proceedings, regardless of no allegations of investor hurt.
The SEC charged the daddy and son advisor workforce of fraud after they allegedly hid from purchasers that the daddy wasn’t related to an RIA and used the companies of Charles Schwab with out authorization.
Learn the way their case highlights considerations about SEC in-house courts, together with lack of jury trials, due course of points and using abstract inclinations.
The dialogue gives distinctive insights from two former SEC attorneys on why they consider the present administrative enforcement system is unconstitutional and desires reform.
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