By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Wednesday, December 9, 2015.
Morgan Stanley announced it will eliminate 1,200 positions, amounting to 25% of the firm’s entire fixed income trading staff as well as other infrastructure […] Read More
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Tuesday, December 1, 2015.
The Securities and Exchange Commission focused on several new types of financial and securities abuses during 2015 and filed a record number of enforcement actions and fines against companies and individuals […] Read More
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Tuesday, November 24, 2015.
MetLife, Inc., the largest U.S. life insurer, has disclosed that FINRA has indicated it will seek a “significant fine” from MetLife as part of FINRA’s investigation of MetLife’s possible violations in the sale of variable annuities […] Read More
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Tuesday, November 24, 2015.
Former Ameriprise broker, Susan Elizabeth Walker of Minnesota, has been sentenced to seven years in in prison for stealing $1 million from her clients to pay for personal expenses including vacations and her children’s private school tuition. Walker plead guilty […] Read More
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Tuesday, November 17, 2015.
Credit Suisse, like most brokerage firms, takes a portion of broker compensation and agrees to pay that compensation as “deferred compensation” years down the road. It is a way of enticing brokers to stay, and not leave, the firm. […] Read More
By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Monday, November 9, 2015.
An increasing number of FINRA registered brokers, and smaller broker-dealers, have given up their FINRA licenses and moved to the Registered Investment Advisory model […] Read More
By Jeffrey T Petersen, Esq. of Shustak Reynolds & Partners, P.C. posted on Wednesday, October 28, 2015.
The chairman of the House Financial Services subcommittee on capital markets, Rep. Scott Garrett, (R., N.J.), introduced a bill last Thursday that would give defendants in SEC administrative proceedings the right […] Read More
By George C. Miller, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, October 23, 2015.
Credit Suisse has announced plans to wind down its U.S. private banking division, which means the bank’s approximately 250 brokers will need to find a new home whether they like it or not. Rather than buying Credit Suisse’s boutique brokerage division outright, Wells Fargo recently announced an agreement with Credit Suisse to “recruit” […] Read More
By Jonah A Toleno, Esq. of Shustak Reynolds & Partners, P.C. posted on Monday, October 19, 2015.
Investment News released an online article last week indicating that women’s advancements into senior positions at financial advisory firms have stalled. While women comprise approximately half of the total number of employees at a typical advisory firm […] Read More
By Katherine S. DiDonato, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, October 16, 2015.
UBS AG has agreed to a $19.5 million settlement with the SEC over claims the bank misled investors about the risk tied to debt securities […] Read More