More Conflict than Interest? How the SEC’s New Conflict-Of-Interest Rules May Mislead Retiring Investors.

By: Nathaniel Reiff

What may seem as a virtuous undertaking by the U.S. Securities Exchange Commission (“SEC”) to protect the nation’s aging population, is receiving a significant amount of backlash from some of the nation’s most influential advocacy groups. Continue reading »

Paying Back Stolen Money Isn’t Fair?

By: Hannah Weiss

The Supreme Court recently granted certiorari to determine whether US courts, under their equitable powers, can require people convicted of securities law violations to disgorge their ill-gotten profits.  The answer to this question could have a significant effect on the Security and Exchange Commission’s (SEC’s) mechanisms for enforcing securities laws.  The question is the central issue in Liu v. SEC and has remained unanswered since the Court’s 2017 ruling in Kokesh v. SEC. Continue reading »

Symposium Spotlight: Dr. Todd Hairston

By: Nathaniel Reiff

todd_hairstonOn February 28, 2020, the Wake Forest Journal of  Business & Intellectual Property will have the privilege of hosting Dr. Todd Hairston as a speaker at its Spring Symposium: “Amateur Hour is Over: Analyzing the Impact Changes in ‘Amateurism’ May Have on the Business of Collegiate Sports.” Dr. Hairston will be part of a panel alongside Professors Mason Ashe of the Wharton Business School and Howard University School of Law and Marc Edelman of the Zicklin School of Business, to discuss how changes in amateurism through athlete compensation will affect the overall institutional landscape of collegiate sports. The panel will be moderated by Professor Timothy Davis of the Wake Forest University School of Law.

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Symposium Spotlight: Jason Setchen

By: Nathaniel Reiff

Setchen 2

On February 28, 2020, the Wake Forest Journal of  Business & Intellectual Property will have the privilege of hosting attorney Jason Setchen as a speaker at its Spring Symposium: “Amateur Hour is Over: Analyzing the Impact Changes in ‘Amateurism’ May Have on the Business of Collegiate Sports.” Mr. Setchen will be part of a panel alongside Wigdor LLP partner Michael Willemin, to analyze whether a pay-for-play model is legally practical if college athletes were to be considered university employees. The panel will be moderated by associate Michael Grace of Kilpatrick Townsend & Stockton LLP.

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Symposium Feature Story: Balling on a Budget and Assessing the Federal Government’s Potential Role in Regulating College Athletics’ Compensation

By: Nathaniel Reiff


The “eternal conflict” of athletic departments fostering a for-profit business model while adhering to the nonprofit educational mission of the NCAA and its umbrella of public universities has captured the interest of both federal and state lawmakers.

Up to 30 states are considering proposals that would lay the foundation for student-athlete compensation. This initiative comes after California passed a law in 2019 that would allow NCAA players in the state to make endorsements or bid merchandise without jeopardizing their scholarships or eligibility.

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Symposium Spotlight: Michael Grace Jr.

By: Olivia Bane


Michael Grace Jr. will moderate the Athletes as Employees: Analyzing the Business Implications of the “Pay-for-Play” Model panel at the Wake Forest Journal of Business & Intellectual Property Law’s Spring 2020 symposium. Michael’s practice focuses on business and finance, securities, and mergers and acquisitions. He is a first-year associate in Kilpatrick Townsend & Stockton’s Winston-Salem office. Prior to joining Kilpatrick Townsend, Michael spent several years as legal counsel at the Supreme Court of North Carolina, where he provided legal support to the Honorable Chief Justice Mark Martin in his role as head of the North Carolina Judicial Branch. Previously, Mr. Grace served as a Judicial Law Clerk for Chief Justice Martin.

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Symposium Spotlight: Mason Ashe

By: Brian Lewis


Mason P. Ashe wears many hats. An experienced sports and entertainment attorney, talent manager, brand strategist, and educator, Mr. Ashe brings over 25 years of experience in the legal and business arenas to best serve his clients, community, and students. As Founder and CEO of Ashe Sports & Entertainment Consulting, Inc., Ashe has structured and negotiated deals related to athlete and entertainer engagement, executive compensation, digital content licensing, and many other agreements associated with the scouting, marketing, management, employment, and commercialization of talent in the sports and entertainment industries globally. Ashe earned a BA degree in Psychology from Hamilton College, and a Juris Doctor degree from the State University of New York at Buffalo Law School. ​

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Symposium Spotlight: Shelia Huggins

By: Olivia Bane


Shelia Huggins 2

Shelia Huggins is a solo practitioner, law professor, North Carolina representative for the Democratic National Committee, and social media personality. Shelia’s firm, Shelia Huggins, PLLC, focuses on business, contracts, sports, media, internet, employment, and entertainment law. Shelia teaches an Entertainment and Business Law course as an adjunct professor at North Carolina Central School of Law. For nearly nine years, Shelia also worked for the city of Durham, where she was involved in the programming of citywide events and projects supporting neighborhood revitalization efforts and economic development.

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Symposium Spotlight: Stuart Paynter

By: Demi Busby

Want to meet an impactful litigator? How many lawyers have had their case featured on an episode of South Park?

Mr. Paynter began his career as a law clerk for the Honorable David S. Tatel of the United States Court of Appeals for the District of Columbia. Afterward, he moved to Sullivan & Cromwell where he represented clients, including Microsoft, in antitrust suits and numerous consumer class actions brought in both federal and state courts across the country.

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The Tax Implications of the Changing Native American Economy

By: Dylan Ray


Sandia Resort and Casino

Nearly all revenue generated by Native American tribes is exempt from federal income taxation. Individual Native Americans are, however, usually, taxed like all other citizens. Individual Native Americans must pay tax on income derived from their labor, businesses, investments, and gains from dealings in properties that are not held in trust by the federal government. Additionally, the Internal Revenue Code (IRC) taxes individual Native American’s income regardless of whether it was earned on or off Native land.

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