Cuomo led a nationwide investigation into the auction rate

New York AG Schneiderman finally flexes muscles against Wall canadagoosetomall Street

New York Attorney General Eric Schneiderman speaks to reporters during the New Eastcoast Arms Collectors Associates Arms Fair at the Saratoga canada goose clearance sale Springs City Center in Saratoga Springs, New York in this file photo from October 13, 2013. REUTERS/Hans Pennink/FilesBy making a case against the bank, Schneiderman buy canada goose jacket cheap has seized a lead role in a contentious Canada Goose Coats On Sale dispute about whether high frequency traders have turned the stock market into a rigged game that canada goose black friday sale hurts regular investors.The case against Barclays could lead to investigations into other Wall Street banks and define Schneiderman career as an attorney general, lawyers say.is the most important attack on canada goose uk outlet practices in the market that buy canada goose jacket any AG has cheap Canada Goose engaged in a while, said John Moscow, a former Manhattan prosecutor who now handles uk canada goose outlet white collar defense cases.Barclays spokesman Mark Lane canada goose store declined to comment on Friday.A former state senator and corporate lawyer, Schneiderman is following a well worn path Canada Goose Parka for canada goose New York attorney generals taking on Wall Street and potentially winning political capital and could end canadian goose jacket up, like Eliot Spitzer and Andrew Cuomo before him, as the state governor. He declined to comment for this story.Schneiderman, 59, graduated from Amherst College and earned a Harvard Law degree in 1982. He spent 15 years in corporate law, including as a partner canada goose uk black friday at Kirkpatrick Lockhart, where he handled white collar defense cases. He served six terms as a state senator before running for attorney Canada Goose Online general, taking that office canada goose factory sale in 20ll.Early in his tenure, Schneiderman was knocked for seeming more like the state legislator he canada goose coats used to be than a prosecutor. He has been less adept at grabbing headlines than Spitzer or Cuomo, and while he may have held banks accountable, he was less likely to push out ahead with Canada Goose Outlet cases. But cheap canada goose uk the civil action was hardly novel, as similar cases had canada goose coats on sale already been filed in other parts of the country. The bank admitted to having routinely overstated the quality of mortgages it sold to Canada Goose online bond investors before the housing crisis. But banks have been settling with prosecutors and investors over these matters for years.In contrast, Spitzer busted Wall Street with a $1.4 billion settlement with big banks canada goose clearance and brokerages for urging customers to buy stocks that their analysts privately said were junk. Cuomo led a nationwide investigation into the auction Black Friday Canada Goose sale rate securities market, uncovering how the investments were marketed as safe when in reality they faced increasing liquidity risk. His Canada Goose sale investigation resulted in more than $60 billion uk canada goose in investor buybacks.People close to Schneiderman characterize him as patient and low key. While Spitzer runs in Central Park in his free Canada Goose Jackets time and Cuomo rides a Harley Davidson motorcycle, Schneiderman practices yoga.But lawyers say that banks should not be fooled by Schneiderman demeanor. He carries a big stick, namely the Martin Act, a New canada goose uk shop York state securities law that is powerful for prosecutors because it often does not require proof of intent to deceive. Some lawyers have criticized the law as too broad, with some saying it has been superseded by federal law.bank will pay enormous fines under a law that, in my mind, no longer exists, said defense lawyer Robert McTamaney, a critic of the law, referring to the Barclays case.