More in Litigation

  • Jun 18, 2013

    Death of the Small Broker-Dealer   6

    Over the past decade, a tremendous amount of pressure has been laid on the shoulders of the small broker-dealers of the securities industry. Like the iconic Willy Loman in Arthur Miller’s Death of a Salesman, these small and/or independent brokerages are allotted a significantly shorter leash than they have been in years past......More
  • Apr 15, 2013

    Five Tips To Prevent A Suit Against a Stock Broker

    Times are great. The market is soaring. Stocks are generally doing well. And the woes of 2007 and 2008 are a faded memory. And, of course, all customers are singing the praises of their registered representatives – until the next crises....More
  • Dec 13, 2012

    FINRA’s “Present,” The Wells Notice: Is It Beatable?

    So, you go to your mailbox and receive a letter from FINRA or the SEC which is titled a Wells Notice. Is it the beginning of the end of your career? Far from it!...More
  • Nov 22, 2012

    Obama's Reelection - Buckle Up Broker

    In the wake of President Obama’s recent reelection, the nation is certain to face a bevy of changes....More
  • Oct 9, 2012

    The Government Finds Another Bank to Blame for the Housing Bubble

      More Demonizing the Banking System?   So, now the government is back at it. Blaming the housing bubble on every institution but itself (too much liquidity and Clinton’s Community Reinvestment Act are to blame. The scapegoat this week is Wells Fargo in the crosshairs. Here is a snippet from the WSJ: “The U.S. government filed a civil lawsuit against Wells Fargo & Co., accusing the biggest U.S. mortgage lender of behaving recklessly in issuing federally backed home loans....More
  • Sep 20, 2012

    SEC Nails a Financial Advisor for Insider Trading of Burger King Stock. And It's a Whopper. But What Is Insider Trading Anyway?

    Well, another theif buys the farm. I just don't know what gets into people. Why do people think --- not just in financial services, but in any field --- they can get away with cheating and theiving? Oh, yeah. It's called hubris.    ...More
  • Aug 18, 2012

    The Form U-5: Why New York Got It Wrong 1

    Richard Roth, Esq., of The Roth Law Firm, opines, now that the dust has settled on the controversial decision in Rosenberg, which deemed Form U-5 statements immune from defamation litigation, the New York courts simply got it all wrong....More
  • Jul 27, 2012

    Why the SEC Should Not Be Untouchable

    Throughout the rise of the financial industry, there has been a justifiably strong desire on the part of individuals and broker-dealers to hold the SEC accountable for its regulating (or lack thereof) of the securities market....More
  • Jul 13, 2012

    The Whistleblower Act – Is It Working?

    Since the August 2011 adoption of the Dodd-Frank Wall Street Reform and Consumer Protection (Dodd-Frank) Act, the barriers for employees of SEC-regulated corporations and financial institutions to report wrongdoing by their companies (known as whistleblowing) have been significantly lowered....More
  • May 24, 2012

    Reg FD May Protect Facebook, Morgan Stanley 1

    Considering investors have filed a class-action lawsuit against both Morgan Stanley and Facebook over the selective disclosure that occurred before the firm’s IPO, it is worth reading this great post by Josh Brown on his Reformed Broker blog about what kind of disclosure is legally required prior to an IPO....More
  • May 10, 2012

    New Salvos Fired in Merrill Deferred Comp Case

    The heated battle between Bank of America/Merrill Lynch and former brokers Tamara Smolchek and Meri Ramazio over unpaid deferred compensation continues to rage....More
  • Apr 4, 2012

    Rebuked In $10 Million Comp Case, Merrill Fires Back

    In a scathingly-worded decision, a Financial Industry Regulatory Authority arbitration panel ruled Tuesday that Merrill must pay $10 million to two brokers, Meri Ramazio and Tamara Smolchek. The panel said Merrill fraudulently prevented the brokers from ......More

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