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These are some of the compliance-related stories that recently caught my attention.
Let’s Get This Straight, A URL Is Not An Address (At Least In This Case) by Keith Paul Bishop in California Corporate and Securities Law
The tenant argued that the notice was defective because it included a URL (uniform resource locator) address rather than the address of a physical location. The Appellate Division agreed, finding that the correlation of the address to a person in the statute “indicates that the ‘address’ which is intended is a physical address where that person can be found to receive rent payment, and not a string of characters identifying the location of a website.”
Students Required to Learn Business Fundamentals at Boston University School of Law
Boston University School of Law will now require all JD students to complete a foundational course in business literacy, Introduction to Business Fundamentals, beginning with the Class of 2017. The course offers instruction in business, financial accounting, corporate finance and related concepts, while the format—an asynchronous, online series of one-hour modules—allows students to approach each concept at an individual pace, based on their familiarity with the topic.
SEC Announces Creation of New Office Within its Division of Economic and Risk Analysis
The Securities and Exchange Commission today announced the creation of a new office within the Division of Economic and Risk Analysis (DERA) that will coordinate efforts to provide data-driven risk assessment tools and models to support a wide range of SEC activities.
Pension Funds Sue Stock Exchanges Over High-Frequency Trading by Scott Patterson in WSJ.com’s Law Blog
The complaint, filed Sept. 2, alleges stock exchanges provided high-frequency firms “enhanced trading information at faster speeds” than other investors received. The exchanges also crafted “complex order types” that gave sophisticated traders advantages, such as the ability to trade in front of other investors to get a better price.
