Which Laws Apply to Broker-Dealers? Federal Laws? State Laws? Both? General Principles Leading to an Answer

TAMAR FRANKEL

BU Law emerita professor Tamar Frankel explains the law of preemption as it pertains to broker-dealers and their investor clients. She predicts, among other things, that either the clients will demand that broker-dealers adhere to a fiduciary duty, or else that states will impose that duty on them.

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Swinomish Indian Tribal Community v. BNSF Railway Co.

Court: US Court of Appeals for the Ninth Circuit

Docket: 18-35704

Opinion Date: March 4, 2020

Judge: William A. Fletcher

Areas of Law: Native American Law, Real Estate & Property Law

The Ninth Circuit affirmed the district court's interlocutory orders denying BNSF's motion for summary judgment on the Tribe's claim that BNSF violated a right-of-way and easement agreement limiting train traffic across the Tribe's reservation. The panel affirmed the district court's judgment, holding that the Interstate Commerce Commission Termination Act (ICCTA) does not repeal the Indian Right of Way Act and does not defeat the Tribe's right to enforce conditions in a right-of-way easement agreement issued pursuant to the Right of Way Act; the ICCTA does not abrogate the Treaty of Point Elliott and the Tribe's treaty-based federal common law right to exclude and condition a third-party's presence on, and use of, Reservation lands; and the Tribe has the right to pursue injunctive relief to enforce the terms of the Easement Agreement. The panel remanded for further proceedings.

State v. Nobles

Court: North Carolina Supreme Court

Docket: 34PA14-2

Opinion Date: February 28, 2020

Judge: Davis

Areas of Law: Criminal Law, Native American Law

The Supreme Court affirmed the decision of the court of appeals affirming Defendant's convictions and rejecting Defendant's argument that the trial court erred in denying his motion to dismiss on jurisdictional grounds, holding that Defendant failed to demonstrate that he was an Indian for purposes of the federal Indian Major Crimes Act (IMCA) such that he was not subject to the jurisdiction of North Carolina's courts. Defendant was charged in Jackson County with first-degree murder, robbery with a dangerous weapon, and possession of a firearm by a felon. Defendant moved to dismiss the charges for lack of subject matter jurisdiction, arguing that he was an Indian, and therefore, he could only be tried in federal court pursuant to the IMCA. After a hearing, the trial court denied Defendant's motion to dismiss, determining that Defendant was not an Indian within the meaning of the IMCA. The Supreme Court affirmed, holding (1) the trial court did not err in denying Defendant's motion to dismiss; and (2) the trial court did not err by denying Defendant's request for a special jury verdict.