Benjamin Edwards In The News

Wealth Management
A broker facing FINRA disciplinary charges is citing last month鈥檚 Supreme Court decision that weakened the SEC鈥檚 enforcement powers to challenge the validity of the brokerage regulator鈥檚 enforcement arm.
WealthManagement.com
The impact of the Supreme Court鈥檚 6-3 decision in SEC v. Jarkesy, limiting the commission鈥檚 use of in-house judges, will likely have long-term consequences, with securities attorneys speculating that SEC settlement offers may increase and state regulators may take the reins on cases that would previously have been led by the federal regulator.
Wall Street Journal
Delaware isn鈥檛 happy that public companies are fleeing its litigation-heavy business environment to incorporate in friendlier states like Nevada. No one likes losing business, and Delaware has long been known as a jurisdiction for deal makers. But requiring a fee from businesses domesticating in other states or barring corporations鈥 exits鈥攁s the Delaware Supreme Court is now considering鈥攚ould be a serious mistake.
The New York Times
When you walk into a financial adviser鈥檚 office, you expect them to put your best interests above all else 鈥 in the same way a doctor would, rather than, say, a car salesman. But many people don鈥檛 realize that the rules financial professionals must follow vary, depending on where they work and what products they鈥檙e selling.
The Daily Beast
When The New York Times revealed the name of one of the biggest investors behind Donald Trump鈥檚 social media venture last weekend, his name leapt off the page: Republican megadonor鈥攁nd Never Trump billionaire鈥擩effrey Yass.
The Economist
At the turn of the 20th century the prime state to register businesses in America was New Jersey, home to America鈥檚 biggest trusts such as Standard Oil. Other states, including its diminutive next-door neighbour, coveted the spigot of easy money that came from business incorporation. 鈥淟ittle Delaware, gangrened with envy at the spectacle of the truck-patchers, clam-diggers and mosquito-wafters of New Jersey getting all the money in the country into her coffers, is determined to get her little tiny, sweet, round, baby hand into the grab-bag of sweet things,鈥 the American Law Review, a journal, wrote at the time.
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Elon Musk鈥檚 businesses have been planting roots in Nevada for years now. But after the billionaire faced a legal hurdle in Delaware 鈥 the country鈥檚 capital for the legal homes of corporations and other business entities 鈥 he made his preferences clear.
Wealth Management
The lead professors at pro bono law clinics who help retail investors pursue small-money claims hope a U.S. Securities and Exchange Commission-sponsored summit will inspire other universities to start their own clinics.