Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5132/securities-industry-commentator/
Attorney Aegis Frumento laments that it may be that by the time the coronavirus pandemic is over, most of us will know someone who will have died. There may not be much we can do about it, he concedes, but if we are given the opportunity to make choices, Aegis hopes we all show the common decency to side with the victims and not to join forces with the pestilence.
Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5129/securities-industry-commentator/
In today's blog, we have the fascinating legal question of whether public customers had waived their right to pursue a FINRA arbitration. Things started off fairly mundane when the customers filed their FINRA Arbitration Statement of Claim. And then the customers entered into a stipulated dismissal of their FINRA claims. No longer parties in an arbitration, the customers hastened to the local courthouse and filed their claims in a civil Complaint. And then the customers had what comes off as a colossal second thought when they attempted to stop the state-court litigation and return to FINRA arbitration. It's as oddball a start-and-stop-and-start-and-lets-try-to-stop mess as it sounds.
In recent weeks, the press has been awash with stories about payment for order flow. You've seen it pop up in all its sordid glory via revelations abo... Read On
Whatever you do, don't lie to FINRA. I can't even begin to recount the number of times that I have given that admonition to a client. You wouldn't thi... Read On
BrokeAndBroker.com Blog publisher, Bill Singer, is no fan of Wall Street's version of self regulation, as spearheaded by the Financial Industry Regula... Read On
The Saga of FINRA Versus Kimberly Springsteen-Abbott(2015 - 2021 -- and maybe not done yet)FINRA placed Kimberly Springsteen-Abbott squarely in its re... Read On
GUEST BLOG: COVID-19's Impact on Financial Advisors / How the Pandemic is Changing the Way Advisors Work by Michael King of Michael King Associates (B... Read On
If there's one thing that's certain about the COVID-19 pandemic, it's that it has changed the way we work and interact with one another. From virtual ... Read On
Someone lost about $100 from a Bank of America drive-up ATM. Someone found it. That first finder wasn't a keeper. That first finder gave the $100 to a... Read On