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Transitioning Broker Alert - FINRA Adopts New Comp Disclosure Rule
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Tuesday, March 29, 2016.
The Securities and Exchange Commission approved last week a new rule proposed by FINRA, the Financial Industry Regulatory Authority, which requires brokers departing one broker dealer for another, to send “educational information” to clients about their move to another firm and the financial compensation and incentives they will receive from the new firm for making the move. […] Read More
SEC Fiduciary Rule Proposal to Potentially Differ from DOL’s
By Jonah A. Toleno, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, March 25, 2016.
Calling all financial advisors – time to grab your compasses and brush up on your map-reading skills. […] Read More
Ash Narayan and RGT Capital Management, Ltd. - Shustak Reynolds & Partners is Investigating Claims
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, March 25, 2016.
RGT Wealth Advisors, a division of RGT Capital Management, Ltd., with offices in Irvine, California and Texas, terminated Ash Narayan, one of its advisors working out of the Irvine, California office February 17, 2016. […] Read More
Texas Lawyer Sentenced to Jail for Aiding Stock Fraudster
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Wednesday, March 16, 2016.
An Austin,Texas attorney was sentenced to 17 years in Federal prison for harboring and concealing a client who was a fugitive in Mexico […] Read More
FINRA Investigations Under Rule 8210
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Tuesday, March 15, 2016.
It is every registered person’s nightmare. You receive a letter from a FINRA office notifying you that you are the subject of a FINRA investigation. […] Read More
Proposed FINRA Rule Requires Enhanced Fee Disclosures in Fixed Income Investments
By George C. Miller, Esq. of Shustak Reynolds & Partners, P.C. posted on Wednesday, March 9, 2016.
In late February, the Financial Industry Regulatory Authority (FINRA) approved a new rule designed to help investors understand the transaction costs associated with certain fixed-income and debt securities. […] Read More
Morgan Stanley Pays $2.6 Billion Penalty
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Tuesday, February 23, 2016.
The U.S. Justice Department announced last week that Morgan Stanley will pay a $2.6 billion penalty to resolve claims related to […] Read More
FINRA Permanently Bars Two Brokers Who Ran Fraudulent Hedge Fund
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Monday, February 22, 2016.
Clients who invested more than $12 million into a hedge fund that promoted itself as a safe investment based on a proprietary […] Read More
SEC will Only Target Corporate Directors in the Most Egregious Cases
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, February 19, 2016.
The Securities and Exchange Commission (SEC) has announced that it will focus enforcement cases on corporate directors […] Read More
Shustak Reynolds & Partners Investigating Claims Related to Forfeited Deferred Compensation
By George C. Miller, Esq. of Shustak Reynolds & Partners, P.C. posted on Thursday, February 18, 2016.
Shustak Reynolds & Partners is investigating potential claims arising out of the forfeiture or cancellation of broker and financial advisor deferred compensation benefits. […] Read More