Peter Hutcheon

Sep 14, 2024 | natlawreview.com | Peter Hutcheon

On May 16, 2016, the U.S. Securities and Exchange Commission (“SEC”) sued then 44-year-old Ross I. McLellan of Hingham, Massachusetts, for securities fraud. The case was brought in the Federal Court for the District of Massachusetts, an apt location as McLellan had committed the fraud while employed as Senior Managing Director and Global Head of …[the] Portfolio Solutions Group of State Street Corporation.

Sep 3, 2024 | natlawreview.com | Peter Hutcheon

As all who practice securities law (or have ever seen an advertisement for Fisher Advisors) are acutely aware, investment advisers are different from brokers/dealers. Investment advisers are fiduciaries. While the precise distinction can be a bit complex, it is safe to specify that an investment adviser is under a legal obligation to put the interests of the client first, even to the adviser’s detriment. What happens when an adviser fails to do so?

Aug 26, 2024 | natlawreview.com | Peter Hutcheon

The public education system in the United States has experienced a series of fits and starts since the time of the American Revolution. Although many of the Founders (think Adams, Jefferson, and Madison, for example) were staunch advocates for education, believing that a democratic government requires citizens who are not only literate, but who can understand and assess matters confronting a government “by the People,” and support intelligent efforts to resolve problems.

Aug 19, 2024 | natlawreview.com | Peter Hutcheon

Skechers U.S.A., Inc. (“Skechers”) is not just any old shoe company. In fact, it is the third largest United States footwear company. Founded in 1992, it soon went public, becoming a Fortune 500 company in 2023. Its founder, Robert Greenberg, originally from Boston, came to Los Angeles in 1983, and together with two others started L.A. Gear, with supposedly advanced design footwear to serve those seeking athletic performance.

Apr 22, 2024 | natlawreview.com | Peter Hutcheon

WHISTLEBLOWER INCENTIVES AND PROTECTIONS:The Great Recession of 2007-2009 shook America’s, and the world’s, capital markets. In response to the economic turmoil, the U.S. Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) on July 21, 2010. That omnibus legislation implemented many changes to the way U.S. capital markets operate, including the addition of Section 21F-17 as an amendment to the Securities Exchange Act of 1934 (the “1934 Act”).