Our firm currently is handling the following cases and current developments in securities law and other areas of law:
- The firm has seen a recent up-tick in the number of "GOLDEN HANDCUFF" PROMISSORY NOTE DISPUTES involving large wire house firms, particularly MORGAN STANLEY SMITH BARNEY. Like other large firms, MORGAN STANLEY SMITH BARNEY entices financial advisors to join the firm by offering large, UP-FRONT PROMISSORY NOTE "bonuses" which typically are forgiven over time. With the brokerage industry in turmoil, many advisors have been terminated or are transferring firms and are left owing substantial amounts on their GOLDEN HANDCUFF, FORGIVABLE NOTES. Financial Advisors who believe they may have a claim against their employer, including current or former employees of MORGAN STANLEY SMITH BARNEY, are encouraged to contact Erwin Shustak or Thomas Frost at 888.748.8748.
- The firm is speaking with and being retained by investors who were former clients of JAMES O'BRIEN, who, until March 31, 2011, had been with LPL FINANCIAL. Mr. O'Brien steered a large number of his clients, who thought they were dealing with LPL FINANCIAL and JAMES O'BRIEN in his capacity as an LPL FINANCIAL representative, into questionable investments with his friend, PAUL WINTER, and companies associated with PAUL WINTER, including NATIONAL ASSURANCE GROUP, INC. Anyone who was victimized by Mr. O'Brien is encouraged to contact Erwin Shustak or Thomas Frost of our firm at 888.748.8748 for information on how our firm may help you recover your losses.
- The firm has had more clients and inquiries regarding U-4 and U-5 CRD EXPUNGEMENTS. FINRA's U-4 and U-5 CRD EXPUNGEMENT rules have changed over the past six or so years and have become more difficult. Yet, for those registered representatives or registered investment advisors who have marks on their CRD records, our experienced NEW YORK and CALIFORNIA U-4 and U-5 CRD EXPUNGEMENT LAWYERS have been able to help many clear up their CRD RECORDS to eliminate older, reported customer complaints or expunge, or modify, reported misdemeanors that have been cleared with the courts but need to be expunged or explained on the CRD REPORT. We handle U-4 and U-5 CRD EXPUNGEMENT issues throughout the country.
