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Lorenzo v. SEC - Securities Fraud Liability Update

In the matter of Lorenzo v. SEC, the U.S. Supreme Court held that liability under Rule 10b-5(a) and (c) of the Securities Exchange Act of 1934 may be imposed even where the defendants are not the actual “maker” of the alleged misleading statement… Read More
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Categories: News & Updates

Recruiting Bonuses Increased to Entice Brokers

While some of the largest brokerage firms have recently curtailed their recruiting efforts including the use of large bonuses to lure financial advisors to their firms, certain firms have taken an opposite approach. Read More
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Categories: News & Updates

FINRA Releases 2019 Exam Priorities Letter

FINRA recently released its 2019 FINRA Risk Monitoring and Examination Priorities Letter which describes areas that brokerage firms should consider as they identify opportunities to improve their compliance, supervisory and risk management programs. Read More
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Categories: News & Updates

Tips For Choosing a Securities Attorney

Before an investor initiates arbitration, the investor must decide whether he or she will retain an attorney to assist with the matter. As most investors only have one opportunity to pursue a claim, the decision to retain an attorney is a critical. Read More
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Categories: News & Updates

FINRA Issues Investor Tips for 2019

            FINRA recently issued an Investor Alert containing essential tips to assist individuals to invest with confidence and care in the coming year. Do not wait to begin to invest for retirement. By waiting, investors often miss out… Read More
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Categories: News & Updates

Global Stock Indexes End 2018 With Losses

2018 was not a positive year for stock markets around the globe.  Stocks began the year trending upward, but then suffered a tough stretch of selling in the final months of the year as investors’ viewpoint of the global economy turned gloomy.  Th… Read More
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Categories: News & Updates

Major Indexes Off To Worst December Start Since 1980

The list of bear market stocks and sectors continues to grow every day showing how broad the continued market selloff has been.  As a result, the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite are off to their worst start to… Read More
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Categories: News & Updates

FINRA Publishes 2018 Report on Examination Findings

On December 7, 2018, FINRA published its 2018 Report on FINRA Examination Findings which details observations from recent exams of FINRA member brokerage firms that it considers worth highlighting due to their potential significance, frequency, and i… Read More
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Categories: News & Updates

Brokerage Firm Baird to Acquire Hilliard Lyons

Baird Financial Group announced on November 27, 2018, that it had agreed to buy regional wealth management firm Hilliard Lyons, a smaller brokerage rival based out of Louisville, KY. Baird employs over 850 brokers at its Robert W. Baird broker-deale… Read More
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Categories: News & Updates

Claims of Broker Misconduct Often Inaccurately Reported on Form U-5s

As recently noted in research reported by Bloomberg News, false claims of financial advisor misconduct are more common than people may think. Read More
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Categories: News & Updates

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