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ONLINE DATING: FERTILE GROUND FOR INVESTMENT FRAUD?
By Jessica L. Mackaness, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, August 5, 2016.
The craze of online dating and mobile dating apps has swept the nation. According to recent polls [...] Read More
ADVISERS ENCOUNTER UNWELCOME SURPRISES WHEN SWITCHING FIRMS
By Katherine S. DiDonato, Esq. of Shustak Reynolds & Partners, P.C. posted on Thursday, July 21, 2016.
A recent study by Fidelity Investments shows advisers encounter many unwelcome surprises when they decide to go independent or switch brokerages. The two main difficulties [...] Read More
SEC v. Dawn J. Bennett: From “Financial Myth Busting” To “Busted”
By George C. Miller, Esq. of Shustak Reynolds & Partners, P.C. posted on Monday, July 11, 2016.
Last fall, the SEC initiated disciplinary proceedings against financial advisor and self-proclaimed “Financial Myth Buster” Dawn Bennett, accusing her of publicly inflating her client assets under management (or “AUM”) and exaggerating her investment returns. Read More
SEC Halts Ash Narayan from Defrauding RGT Clients
By Erwin J. Shustak of Shustak Reynolds & Partners, P.C. posted on Tuesday, June 21, 2016.
The Securities and Exchange Commission (“SEC”) announced that it obtained a court ordered “freeze” of the assets of three individuals, including Ash Narayan, formerly of RGT Wealth Advisors, who, the SEC alleges, siphoned millions of dollars from the accounts he managed at RGT for professional athletes and others while he was the manager of RGT Wealth Advisor’s Orange County, California office. [...] Read More
It's the Culture, Stupid, Part II
By Dennis Stubblefield of Shustak Reynolds & Partners, P.C. posted on Friday, May 27, 2016.
FINRA CEO Rick Ketchum just delivered what will undoubtedly be his swan song to the industry (he will likely step down later this year). [...] Read More
The Defend Trade Secrets Act: A Powerful New Tool For Business Owners
By Katherine S. DiDonato of Shustak Reynolds & Partners, P.C. posted on Thursday, May 19, 2016.
President Obama recently signed into law the Defend Trade Secrets Act (“DTSA”) of 2016, which gives holders of trade secrets a new and powerful option to bring trade secret lawsuits under federal law. [...] Read More
FINRA Submits Proposed Rule Changes To Clarify Offsetting Awards (SR-FINRA-2016-015)
By Jessica L. Mackaness of Shustak Reynolds & Partners, P.C. posted on Tuesday, May 10, 2016.
FINRA has recently filed proposed rule changes that provide much-needed clarification to how arbitration awards resulting in both sides paying money should be handled. [...] Read More
Morgan Stanley Rep Won’t Pay A Dime Of $34 Million Arbitration Award
By George C. Miller, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, April 29, 2016.
Earlier this month, we blogged about a recent $34 million arbitration award entered against Morgan Stanley and its former representative, Ami Forte, for engaging in unauthorized trading and churning brokerage accounts belonging to Roy M. Speer. [...] Read More
DOL’S Final Fiduciary Standard Rule – What's in Store for Financial Professionals?
By Jonah A. Toleno, Esq. of Shustak Reynolds & Partners, P.C. posted on Wednesday, April 20, 2016.
The U.S. Department of Labor has at last issued the final version of its highly-debated “Fiduciary Rule”. The full text of the Rule, available at the Department of Labor’s website [...] Read More
Ticket Reserve, FirstDIBZ, Panera Bread and RGT Wealth Advisors: Shustak Reynolds & Partners Investigating Potential Claims for Current or Former RGT Wealth Advisor Clients
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Thursday, April 14, 2016.
Shustak Reynolds & Partners, P.C., a San Diego based law firm focused in the areas of financial and securities law, is investigating potential claims of current and former clients of RGT Wealth Advisors involving investments that were recommended by former RGT Wealth Advisors Stanley Sangwon Bae and Ash Narayan [...] Read More