The Investors’ Control of Their Investment Advisers. Who Has the Final Word?

TAMAR FRANKEL

BU Law emerita professor Tamar Frankel discusses an emerging issue affecting financial advisers—when a client may exercise control over the actions of the adviser. Frankel relates the story of an investment adviser that did not follow the client’s orders to cease certain investments, at a cost of almost $5 million to the client. As Frankel explains, the Securities and Exchange Commission (SEC) got involved, resulting in the investment adviser’s settlement for a significant payment to the client and other conditions.

Read More

In Re D.O.

Docket: 2019-0369

Opinion Date: February 13, 2020

Judge: Anna Barbara Hantz Marconi

Areas of Law: Civil Procedure, Family Law

Respondent, the father of the juvenile (Father), appealed a superior court order denying his motion for permission to file a late appeal of an adverse ruling issued by the Circuit Court on an abuse and neglect petition brought by petitioner, the New Hampshire Division for Children, Youth and Families (DCYF). The superior court found that Father failed to demonstrate “good cause” for filing a late appeal. After review, the New Hampshire Supreme Court held as a matter of law, that it was “reasonable and just” to grant Father’s motion to file his appeal late. Father filed his partially-assented-to motion to file a late appeal on April 17, 2019, before the parties had ever appeared in the superior court. Father did not file his appeal earlier because his attorney was on maternity leave when the dispositional order was entered, and “[t]here was a misunderstanding between father and [his] counsel’s office regarding the filing of the appeal.” The attorney for the child and the attorney for Mother assented to Father’s motion. According to the superior court, the parties preferred that Father’s and Mother’s cases “be tried together.” Under these circumstances, the Court concluded there was good cause, as a matter of law, to grant Father’s motion to file a late appeal. Judgment was reversed and the matter remanded for further proceedings.

New Hampshire v. Papillon

Docket: 2018-0355

Opinion Date: February 13, 2020

Judge: Anna Barbara Hantz Marconi

Areas of Law: Constitutional Law, Criminal Law

Defendant Paulson Papillon was convicted by jury of conspiracy to commit murder, and as an accomplice to reckless second-degree murder. On appeal, he argued the trial court erred by: (1) concluding that he knowingly, intelligently, and voluntarily waived his right to counsel; (2) admitting evidence, in violation of New Hampshire Rule of Evidence 404(b), that he offered to facilitate the murder of another suspected police informant; and (3) finding the evidence sufficient to support his convictions. Finding no reversible error, the New Hampshire Supreme Court affirmed conviction.

In the Matter of Braunstein

Docket: 2019-0065

Opinion Date: February 13, 2020

Judge: Gary E. Hicks

Areas of Law: Family Law

Petitioner Sean Braunstein (Husband), appealed the final decree and associated orders entered by the Circuit Court in his divorce from respondent Jericka Braunstein (Wife). He argued, among other things, that the trial court erred by including his monthly federal veterans’ disability benefits as income for child support purposes. Finding no reversible error, the New Hampshire Supreme Court affirmed.