On March 9 and 25, 2015 by the Securities and Exchange Commission's ("SEC's") Claims Review Staff ("CRS") recommended an award in excess of $3 million for a whistleblower Claimant and recommended the denial of an award to a second whistleblower Claimant. The denial was predicated upon the second Claimant's "unreasonable delay in reporting the illegal conduct to the Commission."
The whistleblower's specific and detailed information comprehensively laid out the fraudulent scheme which otherwise would have been very difficult for investigators to detect. The whistleblower's initial tip also led to related actions that increased the whistleblower's award.
Today's blog features a sad and disturbing case in which an elderly Morgan Stanley customer appears to have been the victim of elder abuse. In a protr... Read On
In FINRA arbitration practice, you got a rule laying out the minimal content to be disclosed in an intra-industry or a public customer FINRA Arbitrati... Read On
Pro Se Public Customer and Pro Se Stockbroker Did It Their Way In FINRA Arbitration (BrokeAndBroker.com Blog)http://www.brokeandbroker.com/4653/FINRA-... Read On
As kids, we spent countless hours arguing over very, very profound things like what would happen if an unstoppable force hit an immovable object; or c... Read On
Gotta Serve Somebodyby Aegis J. Frumento, Partner, Stern Tannenbaum & BellWhat brokers owe their retail customers has been a topic of official han... Read On
The United States District Court for the District of Columbia waded into the debate about whether the SEC may regulate political donations by investme... Read On
At first blush it looks like a fairly common customer complaint. You got an irate public customer naming six respondents in an effort to recover six f... Read On