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AIG Sells Advisor Group In Anticipation of DOL’s New Fiduciary Rule

By George C. Miller, Esq.  of Shustak Reynolds & Partners, P.C. posted on Tuesday, February 2, 2016.

Late last week, American International Group Inc. (AIG) CEO Peter Hancock announced the firm’s plans to spin off its independent broker-dealer division. […] Read More

California Has Legalized Payment of Finder's Fees For Securities Offerings

By Erwin J. Shustak, Esq.  of Shustak Reynolds & Partners, P.C. posted on Thursday, January 28, 2016.

Effective January 1, 2016, California has adopted a sweeping change to its laws on payment of finder’s fees to unregistered persons in connection with securities’ offerings. […] Read More

Defining Personal Benefits: Supreme Court to Revisit Insider Trading Standards after 33 Years

By Dennis A. Stubblefield, Esq., Jessica L. Mackaness, Esq., and Paris Novinni of Shustak Reynolds & Partners, P.C. posted on Thursday, January 21, 2016.

“The distinction between pure altruism and self-interest has puzzled philosophers for centuries; there is no reason to believe that courts and administrative law judges will have an easier time with it.” […] Read More

Six Tips for Financial Health in 2016

By George C. Miller, Esq.  of Shustak Reynolds & Partners, P.C. posted on Wednesday, January 20, 2016.

The Financial Industry Regulatory Authority (FINRA) recently published a list of six tips to help investors start 2016 on solid financial footing and avoid unnecessary risk […] Read More

FINRA Expungement Update - Expungement Denied in Recent Case

By Erwin J. Shustak, Esq.  of Shustak Reynolds & Partners, P.C. posted on Monday, January 18, 2016.

A recent FINRA arbitration Award highlights how the new FINRA expungement rules cannot be circumvented […] Read More

Former JP Morgan Broker Barred from Industry

By Erwin J. Shustak, Esq.  of Shustak Reynolds & Partners, P.C. posted on Friday, January 15, 2016.

As one of its final acts of 2015, FINRA barred former JP Morgan representative […] Read More

It’s the Culture, Stupid: Additional Observations on Finra’s 2016 BD Guidance

By Paris Novinni of Shustak Reynolds & Partners, P.C. posted on Monday, January 11, 2016.

As we posted last week, FINRA has just published its 11th annual Regulatory and Examination Priorities Letter addressing emerging and existing risks that could have potentially adverse effects on investors and market integrity in 2016 […] Read More

FINRA Regulation to Scrutinize Firm Cultures in 2016

By Erwin J.Shutak, Esq.  of Shustak Reynolds & Partners, P.C. posted on Friday, January 8, 2016.

The Financial Industry Regulatory Authority (“FINRA”) announced this week it will more formally scrutinize how brokerage firm’s culture affects compliance risk management practices […] Read More

Wells Fargo Adviser Charged in $13 Million "Pump and Dump" Scheme

By Erwin J.Shutak, Esq.  of Shustak Reynolds & Partners, P.C. posted on Friday, January 8, 2016.

The Securities and Exchange Commission (“SEC”) charged Wells Fargo adviser Donald Toomer with helping a client operate a $13 million “pump and dump” scheme […] Read More

J.P. Morgan Misled Clients On Broker Compensation

By Erwin J.Shutak, Esq.  of Shustak Reynolds & Partners, P.C. posted on Monday, January 4, 2016.

J.P. Morgan Securities agreed to pay $4 million to settle charges by the SEC that it mislead clients about how its brokers were compensated, according to the SEC […] Read More