1. TQ1. Use the FINRA Disciplinary Actions Online Database (http://www.finra.org/industry/finra-disciplinary-actions-online) to identify two separate “Cease & Desist Orders” in connection with alleged 10b-5 activity (PLEASE DO NOT USE THESE FOLLOWING CASES: Jones v. Harris Associates LP, U.S. v. O’Hagan, E. Dickerson & Son v. Ernst & Young, LLP, and Arthur Anderson LLP v. U.S.) Provide a link to each case, a summary of each order, and a quotation from each order that accurately describes the underlying claim. Please cite your reference sources fully.
2. TQ2. The interpretation of the “disclose or abstain” standard introduced in the O’Hagan case continues to be an important topic in the law. Conduct online legal research to locate a decision from 2013, 2014 or 2015 at the federal circuit court level or higher that interprets the “disclose or abstain” standard. Provide the proper citation for the case, along with a brief summary of the facts, issue(s), holding(s), and reasoning. Briefly describe how the case advances the standard first articulated in the O’Hagan case.
