20
Feb

Recently the chief executive and controlling shareholder of Amazon, Jeff Bezos, and his wife, the novelist MacKenzie Bezos, announced that they will divorce.  Thus far at least the news has not had a lasting effect on Amazon’s stock price, even though investors do not know how the couple’s 16% controlling stake in the company will be affected by the divorce.  Some have suggested that investors accept the couple’s assurances that their split will be amicable.  But what if that changes?  ...

06
Oct

Who is the “seller” of a security?  Although the question may seem straightforward, a recent decision from the Washington Supreme Court suggests that the possibilities continue to grow. The Washington State Securities Act (“WSSA”)[1] regulates the buying and selling of securities in Washington state.  Like its federal counterparts, one of the WSSA’s primary purposes is “to protect investors from speculative or fraudulent schemes.”[2] More specifically, the WSSA protects investors from fraud and misrepresentations made by sellers of ...