ABA Section of Business Law
eSource
The Bulldog Gets Muzzled.
- Phillip Goldstein has made a name for himself as the securities regulators' arch-nemesis, by single-handedly knocking out the SEC's so-called "hedge fund rules" under the Investment Advisers Act of 1940. Mr. Goldstein has made himself an obvious target for greater scrutiny by securities regulators. This article discusses a recent Massachusetts case involving a company controlled by Mr. Goldstein revealing the tensions between state securities regulation and free speech protections.
