The Clients’ Waiver of Their Rights Under Regulation BI of the Securities and Exchange Commission

TAMAR FRANKEL

BU Law emerita professor Tamar Frankel discusses the Securities and Exchange Commission (SEC)’s Regulation Best Interest (BI), which imposes on broker-dealers a commitment to act in the best interests of their clients. Specifically, Frankel addresses the SEC’s treatment of client waivers of the Regulation BI, which goes even further than general fiduciary law to prohibit any waiver of the broker-dealer’s conflicting interests.

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Heuring v. State

Docket: 19S-CR-528

Opinion Date: February 20, 2020

Judge: Loretta H. Rush

Areas of Law: Civil Rights, Constitutional Law, Criminal Law

The Supreme Court reversed the order of the trial court denying Defendant's motion to suppress evidence seized from his home and his father's barn, holding that the search warrants obtained in this case were invalid because the accompanying affidavits did not provide a substantial basis to support the magistrate's probable cause finding. Law enforcement obtained a warrant to plant a GPS tracking device on Defendant's vehicle. When the device stopped providing location readings, the officers discovered that the tracker was no longer attached to Defendant's car. Thereafter, an officer obtained warrants to search Defendant's home and his father's barn for evidence of "theft" of the GPS device. A magistrate issued both search warrants. During the search, officers found drugs, drug paraphernalia, and a handgun. Defendant moved to suppress the seized evidence, arguing that the initial search warrants were issued without probable cause that evidence of theft of the GPS device would be found in his home or his father's barn. The trial court denied the motion. The Supreme Court reversed, holding that the search warrants were invalid because the affidavits did not establish probable cause that the GPS device was stolen and that the good-faith exception to the exclusionary rule did not apply.

In re M.S.

Docket: 19S-JC-505

Opinion Date: February 20, 2020

Judge: Steven H. David

Areas of Law: Family Law

The Supreme Court affirmed the decision of the trial court denying Mother's motion to dismiss the petition filed by the Department of Child Services (DCS) alleging M.S. was a child in need of services (CHINS), holding that the 120-day deadline contemplated by Ind. Code 31-34-11-1(b) may be enlarged only if a party shows good cause for a continuance, and Mother showed good cause for a continuance in this case. Under section 31-34-11-1(d) a trial court must dismiss a CHINS petition if the court does not conclude a fact-finding hearing within 120 days of the State's filing of the petition. At issue int his case was whether the 120-day deadline may be enlarged under Ind. Trial Rule 53.5 if a party to the proceeding moves for a good faith continuance that results in the conclusion of fact-finding beyond the codified 120-day limit. In the instant case, Mother moved for a good faith continuance of the CHINS proceeding. The final order adjudicating M.S. a CHINS was not issued until after the 120-day deadline expired. Mother filed a motion to dismiss, which the trial court denied. The Supreme Court affirmed, holding that the 120-day time period may be extended for good cause, and because Mother showed good cause for a continuance, the trial court correctly denied Mother's motion to dismiss.