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Proposed FINRA Rule Requires Enhanced Fee Disclosures in Fixed Income Investments
By George C. Miller, Esq. of Shustak Reynolds & Partners, P.C. posted on Wednesday, March 9, 2016.
In late February, the Financial Industry Regulatory Authority (FINRA) approved a new rule designed to help investors understand the transaction costs associated with certain fixed-income and debt securities. […] Read More
Morgan Stanley Pays $2.6 Billion Penalty
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Tuesday, February 23, 2016.
The U.S. Justice Department announced last week that Morgan Stanley will pay a $2.6 billion penalty to resolve claims related to […] Read More
FINRA Permanently Bars Two Brokers Who Ran Fraudulent Hedge Fund
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Monday, February 22, 2016.
Clients who invested more than $12 million into a hedge fund that promoted itself as a safe investment based on a proprietary […] Read More
SEC will Only Target Corporate Directors in the Most Egregious Cases
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, February 19, 2016.
The Securities and Exchange Commission (SEC) has announced that it will focus enforcement cases on corporate directors […] Read More
Shustak Reynolds & Partners Investigating Claims Related to Forfeited Deferred Compensation
By George C. Miller, Esq. of Shustak Reynolds & Partners, P.C. posted on Thursday, February 18, 2016.
Shustak Reynolds & Partners is investigating potential claims arising out of the forfeiture or cancellation of broker and financial advisor deferred compensation benefits. […] Read More
SEC to Focus on RIA Examinations
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Wednesday, February 17, 2016.
The Securities and Exchange Commission (“SEC”) is beefing up its efforts to more closely examine Registered Investment Advisory firms. The SEC has announced […] Read More
FINRA Accuses Broker of Charging $11 Million in Commissions and Lying About It
By George C. Miller, Esq. of Shustak Reynolds & Partners, P.C. posted on Wednesday, February 10, 2016.
In early February 2016, the Financial Industry Regulatory Authority (FINRA) filed an enforcement action accusing financial advisor Gopi Vungarala of repeatedly lying […] Read More
We Congratulate Our Firm's 2016 SuperLawyers
By of Shustak Reynolds & Partners, P.C. posted on Friday, February 5, 2016.
We are pleased to announce that partners Erwin Shustak and George Miller […] Read More
AIG Sells Advisor Group In Anticipation of DOL’s New Fiduciary Rule
By George C. Miller, Esq. of Shustak Reynolds & Partners, P.C. posted on Tuesday, February 2, 2016.
Late last week, American International Group Inc. (AIG) CEO Peter Hancock announced the firm’s plans to spin off its independent broker-dealer division. […] Read More
California Has Legalized Payment of Finder's Fees For Securities Offerings
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Thursday, January 28, 2016.
Effective January 1, 2016, California has adopted a sweeping change to its laws on payment of finder’s fees to unregistered persons in connection with securities’ offerings. […] Read More