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What To Do When Someone Infringes On Your Patent

By of Shustak Reynolds & Partners, P.C. posted on Monday, September 8, 2014.

Patents serve a crucial role in our economy, granting inventors the exclusive use of whatever innovations they have patented. Patents are designed to reward the discovery of useful products and ideas so as to encourage and reward creativity. When someone infringes on your patent, that is a very serious matter with potentially major financial and […] Read More

Major Wirehouses Holding Billions In Up-Front Notes

By Erwin J. Shustak Esq. of Shustak Reynolds & Partners, P.C. posted on Wednesday, August 20, 2014.

According to a published report today, the top wirehouses are holding billions of dollars of up-front notes given to entice brokers to join, or stay, at those firms. Morgan Stanley Wealth Management reported holding more than $5.2 billion in outstanding loans to its 16,300 […] Read More

Contractual Compliance & Compensation Relationships Between RIAs and Clients

By of Shustak Reynolds & Partners, P.C. posted on Monday, August 4, 2014.

The SEC holds Registered Investment Advisers (RIA’s) accountable to the highest standards for the advice they provide in exchange for the right to receive compensation for that advice. The employees of a given RIA are actually called Investment Adviser Representatives (IAR’s). Compliance Issues Over the last several years the SEC and Finra have begun to […] Read More

Affordable Care Act Update

By John H. Barkley, Esq of Shustak Reynolds & Partners, P.C. posted on Tuesday, July 29, 2014.

Affordable Care Act Update: IRS publishes figures and methods regarding Individual Mandate penalties. One of the key components of the Patient Protection and Affordable Care act is the requirement that every individual have minimum essential coverage from some form of health insurance. […] Read More

Does A Brokerage Firm Really Need An Attorney?

By of Shustak Reynolds & Partners, P.C. posted on Tuesday, July 22, 2014.

"I hate weekends because there is no stock market." Renee Rivkin Renee Walter Rivkin should have enjoyed the weekends more. Born June 6, 1944, and studied law at the University of Sydney, Rivkin became the youngest member ever of the Sydney Stock Exchange. Over his 30-year career, he developed into a well-known stockbroker and entrepreneur […] Read More

Merrill Lynch To Phase Out Legacy Technology Platforms By 2015

By George C. Miller, Esq. of Shustak Reynolds & Partners, P.C. posted on Wednesday, July 16, 2014.

By the end of 2015, Merrill Lynch plans to have completed its rollout and integration of the Merrill Lynch “One” Technology Platform. The new platform, first introduced in 2013, combines five separate platforms—including Consults, Mutual Fund Adviser (MFA), Personal Adviser (MLPA), Personal Investment […] Read More

How Do Ponzi Schemes Work?

By of Shustak Reynolds & Partners, P.C. posted on Monday, July 7, 2014.

The 1920’s were roaring and just on the cusp of the communication age. The United States Postal Service was at the forefront of connectivity, especially across the pond. If you were generous and mailed a letter overseas, you might include an international reply coupon, a voucher that paid the required postage to send a response. […] Read More

$5 Million Arbitration Award Against Morgan Stanley Obtained By Shustak Reynolds & Partners, P.C. Confirmed On Appeal

By George C. Miller, Esq. of Shustak Reynolds & Partners, P.C. posted on Thursday, July 3, 2014.

On June 30, 2014, a California appellate court reinstated and confirmed a $5 million arbitration award Shustak Reynolds & Partners had obtained against Morgan Stanley in favor of two brokers Morgan Stanley had recruited from UBS. The appellate court overturned a lower court’s order […] Read More

FINRA Rule Would Prohibit Settlement Conditioned On Agreement Not To Oppose Expungement

By George Miller of Shustak Reynolds & Partners, P.C. posted on Monday, March 3, 2014.

The Financial Industry Regulatory Authority (FINRA) recently announced a new proposed rule that would prohibit member firms and registered representatives from conditioning settlement on, or otherwise compensating customers for, an agreement not to oppose expungement requests. According to FINRA, the proposed rule will help preserve the integrity […] Read More

FINRA Sanctions Berthel Fisher for Compliance Failures

By Jessica Antoniades of Shustak Reynolds & Partners, P.C. posted on Wednesday, February 26, 2014.

The Financial Industry Regulatory Authority (FINRA) recently fined the independent broker-dealer Berthel Fisher & Co. Financial Services Inc. and one of its affiliates $775,000 for compliance failures. According to FINRA, Berthel Fisher failed to supervise the sale of alternative investments, including non-traded real estate investment trusts (REITs) […] Read More