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Got Guidance? Not Much, Says Judge Rakoff, If SEC Admin Enforcement Carries The Day.
By Dennis Stubblefield, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, November 7, 2014.
This last week saw two notable developments: Judge Rakoff’s speech at PLI, and the NYT Op-Ed piece calling for the SEC to adopt a DMV-style “point” system to provide scaled-up deterrence and license-yanking for repeat offenders. In his address before PLI’s 46th Annual Institute […] Read More
FINRA Panel Awards Nearly One Million Dollars to Financial Advisor in Industry Employment Dispute
By Robert L. Hill, Esq. of Shustak Reynolds & Partners, P.C. posted on Monday, November 3, 2014.
A three-person FINRA arbitration panel recently awarded Maryland financial advisor Gary Padussis nearly $933,000.00 in damages against UBS Financial Services based upon Mr. Padussis’s claims UBS wrongly interfered with his business and client relationships while he was employed at the firm. The same […] Read More
SEC Subpoenas and Enforcement Actions On The Rise
By George Miller, Esq. of Shustak Reynolds & Partners, P.C. posted on Thursday, October 30, 2014.
In mid October of 2014, the Securities and Exchange Commission (SEC) reported that it filed a record 755 enforcement actions during the fiscal year ending September 2014. According to a press release issued by the agency, those actions included several first-ever cases, such […] Read More
Admin Proceedings On Steroids: The Sec's Improper End Run Around Having To Prove "Likelihood" In Federal Court
By Dennis A. Stubblefield, Esq. of Shustak Reynolds & Partners, P.C. posted on Wednesday, October 22, 2014.
A week after Commissioner Pinowar publicly questioned it, the SEC’s march toward admin enforcement seems inexorable. Tuesday brought two good articles on this troubling development, on page one of the Wall Street Journal, and on Bloomberg. Jean Eaglesham’s Wall Street Journal article […] Read More
Erwin Shustak Attends FINRA’s Arbitrator Appreciation Evening
By of Shustak Reynolds & Partners, P.C. posted on Wednesday, October 22, 2014.
Erwin Shustak attended the first annual Arbitrator Appreciation evening hosted in San Diego by FINRA, the Financial Industry Regulatory Authority, the successor to the NASD. Erwin has been a FINRA arbitrator since 1996. Since then, he has been selected to hear dozens of cases involving both […] Read More
Partner Jonah A. Toleno, Esq. Named Finalist For Women Who Mean Business Awards
By of Shustak Reynolds & Partners, P.C. posted on Thursday, October 16, 2014.
Shustak Reynolds & Partners, P.C. is pleased to announce that Jonah A. Toleno, Esq., a partner based in our firm’s San Diego office, has been named as a finalist for the San Diego Business Journal’s 21st Annual “Women Who Mean Business” Awards. The award honors dynamic women business leaders in San Diego who have demonstrated leadership and […] Read More
Major Fraud (and “Broken Windows”) Update: Governance and Accountability 101
By Dennis A. Stubblefield of Shustak Reynolds & Partners, P.C. posted on Thursday, October 16, 2014.
"If every rule is a priority, then no rule is a priority." So observed SEC Commissioner Michael Pinowar, in his speech Tuesday, questioning the efficacy of the Commission’s so-called “Broken Windows” approach to Enforcement. His pointed and poignant remarks force the Commission–and really each and […] Read More
Are you ready to grow your small business? It’s time to start thinking like the big dogs.
By John H. Barkley, Esq. of Shustak Reynolds & Partners, P.C. posted on Thursday, October 16, 2014.
The Obstacle: Every successful small business reaches a critical point in its journey, where things get so complex and there is so much work to be done, that the original architects of success are simply too few in number to get everything done. There […] Read More
Employers: Are You Ready for the Affordable Care Act?
By John H. Barkley, Esq. of Shustak Reynolds & Partners, P.C. posted on Thursday, October 16, 2014.
This coming January, the rubber meets the road when it comes to employers having to provide minimum essential health insurance coverage to their full-time employees. At first glance, the final regulations published by the IRS this past February seem serpentine, but they represent […] Read More
They Never Learn – SEC Seeks to Bar Broker Who Stole $2 Million from Trusted Clients
By Erwin J. Shustak Esq. of Shustak Reynolds & Partners, P.C. posted on Wednesday, October 15, 2014.
The SEC today announced it was taking steps to bar a former stockbroker and investment adviser who stole $2 million from trusting clients. In 2013 FINRA barred Marshall from associating with any broker-dealer member firm. Last year, the SEC charged Marshall and his investment advisory […] Read More