Briggs Attorneys Discuss SEC’s Uniform Standard of ConductPrint PDFShare
MINNEAPOLIS, MINN. (July 18, 2011) – Briggs and Morgan shareholder Steven W. Wilson and associate Daniel J. Supalla recently wrote, “Harmonizing Broker-Dealer and Investment Adviser Supervision Around a Unified Fiduciary Standard of Conduct,” which was published in the spring edition of the American Bar Association’s (ABA) Securities Litigation Journal. The article focuses on the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Securities and Exchange Commission’s recommendation to apply a uniform fiduciary standard to all brokers, dealers and investment advisers in consumer securities transactions. For more information click here.
Wilson is a shareholder in the firm’s Employment, Benefits and Labor section and focuses his practice on the defense and prosecution of commercial cases for business clients with concentrations in employment law, securities regulation and closely-held businesses. He represents clients in federal and state courts, arbitrations and administrative proceedings in matters involving trade secret misappropriation, breach of contract for commissions or other compensation, securities fraud and usurpation of corporate opportunity, duty of loyalty, business judgment and 302A.751 claims.
Supalla is an associate in the firm’s Financial Markets Group and Business Litigation section and has extensive experience in securities litigation. He represents broker-dealers involved in arbitrated and litigated disputes with customers and other broker-dealers, as well as insurers in disputes with customers, former salespersons and other insurers involving allegations of unfair sales practices, unfair termination and unlawful corporate raiding. Supalla’s recent experience includes handling pre-trial proceedings and coordinating discovery in 250+ arbitrations, state litigation, federal class-action litigation and bankruptcy litigation arising out of one of the nation’s largest Ponzi schemes.