11 yrs. ago, then NY Atty. General Elliot Spitzer brought 9 civil charges against CEO of AIG. Info. indicates that Spitzer brought charges as a personal vendetta. Charges filed were under NY's Martin Act. Passed in 1921 to try and control NY financial sector (which the 1929 market crash proved it didn't), the Martin Act is broader than any other State's law.
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FAQs
Speaking of vendettas; It’s being reported that the sale of 26,000 rifles to the Philippines is not going through because Democrat Senator Ben Cardin, Maryland, on the Armed Services Committee, is objecting to the sale. I didn’t know that one Senator in the Congressional minority could block arms sales. If no, then seems like cover for Obama because the Philippines Pres. dissed him earlier this year.
Regardless, Obama sure isn’t fighting for American arms maker to get a sale. Think he’s ticked that we little people keep buying more guns.