Martin Act

Martin Act

The Martin Act, New York General Business Law article 23-A, sections 352-353,[1] [2] is a 1921 piece of legislation in New York that gives extraordinary powers and discretion to an attorney general fighting financial fraud. People called in for questioning during Martin Act investigations do not have a right to counsel or a right against self-incrimination.[dubious – discuss] The act's powers exceed those given any regulator in any other U.S. state.[3]

References

  1. ^ New York State Assembly (current). "Laws of New York.". New York State Assembly. http://public.leginfo.state.ny.us/menugetf.cgi?COMMONQUERY=LAWS. 
  2. ^ Dechert LLP (2004-01-15). "New York's Martin Act: A Primer.". Dechert LLP. http://www.dechert.com/library/FS_2004-04.pdf. 
  3. ^ Gross, Daniel (2008-03-10). "Spitzer Gets Spitzered: How Spitzer was brought down by the same kind of investigation he pioneered.". Slate. http://www.slate.com/id/2186249/. 
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