Martin Act

Martin Act

Legislation in New York State that, as amended, gives the New York Attorney General wide power and discretion in investigating financial fraud. The Martin Act allows the Attorney General to question brokers and other interested parties without first specifying whether he/she intends to pursue criminal charges or file a civil suit. The Attorney General does not need to show whether the person(s) being charged under the Act intended to commit misconduct.
References in periodicals archive ?
Schneiderman announced that his office has reached a settlement with 39 Lispenard Project, LLC and its former principal Peter Moore for failing to register numerous real estate investments known as syndications under the Martin Act.
that attorney general Eric Schneiderman was on a "slippery slope" in his investigation into whether firms selling time-advantage access to market-moving data were breaching the Martin Act.
In an opinion piece in the Wall Street Journal May 13, former governors Mario Cuomo and George Pataki voiced concern that misuse of the Martin Act, the 1921 law under which Greenberg and Smith are being charged, sends the wrong message to the business community, putting New York at risk of losing jobs and damaging its economy.
The suit was filed in Manhattan under New York's Martin Act.
In a spirited burst of egotism, my first-ever palindrome started with a seed word of my own name: "As I leave to help Martin act, can I trample hot Eva-Elisa?
The City Council today passed a resolution in support of New York State Attorney General Eric Schneiderman's investigation into the mortgage packaging practices of several banks and it calls upon a taskforce of 50 state attorneys general to preserve his investigatory and prosecutorial powers, according to New York's Martin Act, in any settlement with major financial institutions.
The New York State Attorney General ("NYAG"), for example, has taken the position that 3016(b) does not apply to fraud claims under the Martin Act (3) and Executive Law ("EL") section 63(12).
Although the Martin Act is almost 90 years old, we believe this is the first time that an Attorney General is attempting to use this law to assert claims against an accounting firm, rather than the company that took the alleged actions.
His use of the Martin Act, a securities fraud law unique to New York, gave him unprecedented reach, and he constantly positioned himself as a champion of the "little guy.
The premier issue includes articles on fund governance, mutual fund governance, alternative structures and strategies for investors, late trading and market timing, an overview of The Martin Act, proxy voting, theories on the rise of conglomerate mergers, and an overview of investor rights.
Like the Progressives, Spitzer used old precedents in new ways--notably, New York's 1921 general business law known as the Martin Act and its amendments, which provided the basis for many of the attorney general's legal claims.
Popular Frank Sinatra/ Dean Martin act Night And Day jump on tables and perform the classics on Thursdays.