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SEC Announces “Tough Cop” Approach to Enforcement
By Jessica Antoniades of Shustak Reynolds & Partners, P.C. posted on Monday, October 14, 2013.
Securities and Exchange Commission Chair Mary Jo White recently announced plans to widen the scope of SEC enforcement to investigate, uncover and punish smaller violations of securities regulations. In her speech before the Securities Enforcement Forum last Wednesday, White emphasized the goal of SEC enforcement to […] Read More
FINRA Update: Should Broker-Dealers Be Required To Carry Insurance?
By George Miller of Shustak Reynolds & Partners, P.C. posted on Tuesday, October 1, 2013.
the Financial Industry Regulatory Authority (FINRA), Wall Street’s largest self-regulatory agency, announced it would consider whether broker-dealer firms should be required to carry insurance to help ensure payment of arbitration awards issued through FINRA’s dispute resolution forum. Virtually all broker-dealers require their customers […] Read More
Securities Regulation Update: JOBS Act Loosens Restrictions On Crowdfunding Investments
By George Miller of Shustak Reynolds & Partners, P.C. posted on Tuesday, October 1, 2013.
as part of a broad change to the securities regulations, President Obama signed into law the “Jumpstart Our Business Startups Act”, or “JOBS Act”. Part of the government’s broader stimulus package, the Act was intended to encourage small business growth by loosening decades-old […] Read More
SEC Implicates Texas Money Manager in Forex Trading Scheme
By George Miller of Shustak Reynolds & Partners, P.C. posted on Monday, July 15, 2013.
The Securities and Exchange Commission has filed a formal complaint against Kevin G. White of Plano, Texas, and two entities through which the SEC alleges he operated a significant Foreign Exchange (Forex) trading scheme, KGW Capital Management, LLC and Revelation Forex Fund, L.P. According to the […] Read More
Mass. Securities Regulator Launches Investigation Into Unsuitable REIT Sales
By George Miller of Shustak Reynolds & Partners, P.C. posted on Thursday, July 11, 2013.
Massachusetts Secretary of the Commonwealth William Galvin recently announced the state has issued subpoenas to Morgan Stanley, UBS, Fidelity, Merrill Lynch, Wells Fargo and Schwab in connection with an investigation the state recently launched concerning sales of Real Estate Investment […] Read More
FINRA Cautions Investors: Alternative Funds Are Not Typical Mutual Funds
By George Miller of Shustak Reynolds & Partners, P.C. posted on Tuesday, June 11, 2013.
FINRA issued its latest “investor alert” warning the public about increasingly-popular alternative mutual funds. According to FINRA, alternative mutual funds–sometimes referred to as “alt funds”–are publicly offered, SEC-registered funds that hold more non-traditional assets and employ more complex […] Read More
Investors Sue to Recover Losses Stemming from UBS Willow Fund
By George Miller of Shustak Reynolds & Partners, P.C. posted on Friday, April 5, 2013.
Investors in UBS Willow Fund, L.L.C. (the “Willow Fund”), which was sponsored and sold by UBS Financial Services, Inc., have begun filing claims to recover significant investment losses allegedly caused by the fund manager’s decision to shift his investment strategy and invest […] Read More
Shustak Reynolds & Partners Speaking to Ventures Trust II Investors
By George Miller of Shustak Reynolds & Partners, P.C. posted on Friday, March 29, 2013.
Shustak Reynolds & Partners, P.C. announces that it has been retained to represent several individuals in connection with the Ponzi scheme fraud allegedly perpetrated by PAUL TABET, his wife,JENIFER TABET and former Oregon politician CRAIG BERKMAN. PAUL TABET and CRAIG BERKMAN purportedly managed venture capital fund VENTURES TRUST II which, they claimed, had […] Read More
NASAA Cautions Against Crowdfunding Investments
By George Miller of Shustak Reynolds & Partners, P.C. posted on Monday, March 25, 2013.
March 25, 2013. The North American Securities Administrators Association (NASAA) was founded in 1919 and is one of the oldest investor protection organizations in the country. NASAA routinely publishes a list of its “top investor threats.” For 2013, a rapidly growing, often risky investment […] Read More
UPDATE: Schwab Wins Fight Over Class Action Waivers, For Now
By George Miller of Shustak Reynolds & Partners, P.C. posted on Monday, February 25, 2013.
Just over one year ago, FINRA initiated disciplinary proceedings against Charles Schwab & Co. claiming, amongst other things, that the firm violated FINRA rules by requiring customers to sign agreements containing broadly-worded class action waivers. In an unusually long, 48-page written decision issued last […] Read More