John Gibbons

While DAA is touting shared bikes and insect hotels, the elephant in the room is that its major expansion plans will massively increase aviation emissions

‘We are the generation that will be accused of intergenerational sabotage in years to come, because we have consumed so far beyond what is sustainable'

Life Policy Lapse Shortly Before Insured’s Death - In Simon v. USAA Life Insurance Co. (Mar. 29, 2024), the insurer denied death...

Last Lap in SEC RILA Rulemaking Critical Unresolved Issues -

Is FINRA constitutional? Two cases currently playing out in D.C. federal courts, Alpine Securities Corp. v. FINRA and Kim v. FINRA, tee up that question. But the Financial Industry Regulatory Authority is an unusual target for constitutional challenge, because it is not a government agency. As securities lawyers know, FINRA is a private Delaware corporation registered as a self-regulatory organization (SRO). As an SRO, FINRA (among other things) writes and enforces conduct rules for registered broker-dealer firms, monitors firms’ compliance, administers broker qualification exams, and refers fraud and insider-trading investigations to the SEC.

Is FINRA constitutional? Two cases currently playing out in D.C. federal courts, Alpine Securities Corp. v. FINRA and Kim v. FINRA, tee up that question. But the Financial Industry Regulatory Authority is an unusual target for constitutional challenge, because it is not a government agency. As securities lawyers know, FINRA is a private Delaware corporation registered as a self-regulatory organization (SRO). As an SRO, FINRA (among other things) writes and enforces conduct rules for registered broker-dealer firms, monitors firms' compliance, administers broker qualification exams, and refers fraud and insider-trading investigations to the SEC.

Shares of SEC-registered closed-end funds (CEFs) have long held significant potential advantages for some investors. For example, unlike shares of mutual funds (which are open-end funds), CEF shares cannot be redeemed by the shareholder at any time for their then-current net asset value, allowing a CEF to invest its assets in less liquid securities. This enables a well-managed CEF to provide potentially better returns for investors who have relatively long-term investment horizons, including many investing for retirement income.

According to the environmental campaigner, the political system has failed to move us away from fossil fuel dependence.