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Ranks of advisers thin out for first time in a decade

By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Tuesday, August 30, 2011.

The number of investment advisers registered with the Securities and Exchange Commission has fallen for the first time in 10 years, while the assets they manage have increased sharply, according to a report released today. Read More

Landscape is changing for broker-dealers

By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Tuesday, August 30, 2011.

Traditional broker-dealer business continues to change rapidly, making it more difficult, and more expensive for the small, as well as large brokerage firms to stay competitive. The combination of technology which offers investors a less expensive way to buy and Read More

Filings are down at FINRA arbitration

By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Monday, August 29, 2011.

Filings are down at FINRA arbitration, reflecting a trend that losses are market driven not the result of poor advice or product failures. New case filings through July reflect a 12% decline when compared to the same period 2010. Read More

Schwab sues banks for manipulating Libor rates

By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Saturday, August 27, 2011.

Large banks have manipulated Libor interest rates since 2007, claims Schwab:  Read More

SEC Bears Down on Fracking

By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Friday, August 26, 2011.

SEC probes oil and gas companies for details on fracking:  Read More

Implementation of the Dodd Frank Bill

By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Wednesday, August 24, 2011.

As implementation of the Dodd Frank bill meanders its way through full adoption and the rule making process, it is fairly obvious that all financial advice professionals- RIA’s as well as brokers will be subjected to a federal imposed fiduciary Read More

Recent Up-tick in “Golden Handcuff” Promissory Note Disputes

By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Tuesday, August 23, 2011.

The firm has seen a recent up-tick in the number of “golden handcuff” promissory note disputes involving large wire house firms, particularly Morgan Stanley Smith Barney. Like other large firms, Morgan Stanley Smith Barney entices financial advisors to join the Read More

Arbitration claims against member firms

By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Monday, August 22, 2011.

In California, when registered representatives assert arbitration claims against member firms, we recommend including allegations involving violations of California labor law such as requiring the rep to pay for an assistant or some other cost that legally should be paid Read More

FINRA Unveils Ranking System To Identify Rogue Brokers

By George C. Miller, Esq. of Shustak Reynolds & Partners, P.C. posted on Monday, November 20, 2017.

FINRA recently approved new policies aimed at increasing supervision and controls over so-called “high risk” brokers and financial advisors e.g., those with a history of significant past misconduct or regulatory problems. Read More

The brokerage business is in serious chaos

By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Sunday, August 21, 2011.

Like the accounting firms, which were once “The Big 8″, now reduced by more than half, brokerage firms are merging, closing shop and being snapped up by private equity firms. Brokers are jumping ship as the beleaguered firms do whatever Read More