On March 21, 2019, in Whitaker v. Wedbush Securities, an Illinois appellate court for the first time addressed the liability of a futures commission merchant (FCM) or broker-dealer (BD)
Continue Reading When Can Futures Commission Merchants and Broker-Dealers Be Deemed Banks?
illinois
Illinois Supreme Court Rules Annuities Are Not Securities Under Illinois Securities Act
On March 21, 2019, in Van Dyke v. Jesse White, the Illinois Supreme Court issued a long-awaited opinion relating to Illinois Securities Department authority to regulate annuities under the…
Continue Reading Illinois Supreme Court Rules Annuities Are Not Securities Under Illinois Securities Act
The US Attorney, CFTC, and Navinder Sarao
We have previously provided updates1 on the Navinder Singh Sarao case, pending in the U.S. District Court for the Northern District of Illinois. After being charged in February 2015…
Continue Reading The US Attorney, CFTC, and Navinder Sarao