Blog
Search Our Blog
Finra Amendment Makes U4 and U5 Expungements More Difficult
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Tuesday, September 22, 2015.
FINRA’s Board of Governors voted to implement several key regulatory changes for broker-dealers including one that will make it harder for brokers to expunge, or erase, customer complaints from their CRD records. […] Read More
Recent Appellate Action SEC Use of In-House Courts Shows the Courts Recognize the Major Importance of the Issue
By Dennis Stubblefied, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, September 18, 2015.
Two federal appellate courts, the Seventh and Second Circuits, respectively, have recently weighed in on the issue of the SEC’s use of in-house administrative judges in civil enforcement […] Read More
Massachusetts Securities Department Investigates Funds' Accounting Problems
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Tuesday, September 15, 2015.
Massachusetts Secretary of the Commonwealth, William Galvin, responsible for policing the state’s securities laws, announced his office sent letters to Bank of New York Mellon Corp. […] Read More
Investment Advisor Who Stole $43 Million from Ex-Hockey Star Convicted
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, September 11, 2015.
Former investment manager Joseph Zada, charged with swindling $43 million from former Detroit Red Wings star Sergei Fedorov was convicted in Florida last week […] Read More
Litigation Update: California Summary Judgment Rules to be Amended
By Jessica H. Antoniades, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, September 4, 2015.
Governor Jerry Brown recently signed Senate Bill 470, which amends California Code of Civil Procedure section 437c regarding summary judgment and summary adjudication. In addition to correcting grammar throughout the code section, the amendments will excuse judges from ruling on all evidentiary objections deemed not material to a motion for summary judgment. […] Read More
FSC Securities Corp Hit With $1.28 Million FINRA Arbitration Award Arising Out Of Ponzi Scheme Featured On “American Greed”.
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, August 28, 2015.
FSC Securities Corp. has been assessed $1.28 million by a FINRA arbitration panel for losses sustained by several investors who were swindled by con man Aubrey Lee Price […] Read More
Citigroup Pays $180 Million to Settle Charges Tied to Two Smith Barney Hedge Funds
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Tuesday, August 18, 2015.
Citigroup, Inc. has agreed to pay $180 million to settle charges brought by the SEC which alleged the firm improperly marketed and sold through private bankers […] Read More
Edward Jones Pays $20 Million to Settle Claims it Overcharged Clients on Bonds
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Thursday, August 13, 2015.
Edward Jones, which has over 14,000 brokers and more than 7 million customers, agreed to pay $20 million to settle SEC charges […] Read More
Texas AG in Hot Water for Alleged Securities Fraud
By Katherine S. DiDonato, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, August 7, 2015.
On Monday, Texas Attorney General Ken Paxton surrendered at the Collin County Jail and was charged with two first-degree felonies for securities fraud […] Read More
Goldman Sachs Faces $1.8 Million Fine for Trade Reporting Failures
By Jessica H. Antoniades, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, July 31, 2015.
This week, the Financial Industry Regulatory Authority (FINRA) announced it has fined Goldman Sachs Execution & Clearing, L.P. $1.8 million for violations relating to trade reporting, failing to submit accurate trade reports and related supervisory failures […] Read More