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Filings Down Year to Date at FINRA
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Tuesday, September 13, 2011.
FINRA-DR reports that new case filings for the first seven months of 2011 are down 12% and adds that customer-initiated filings have decreased, compared to the first seven months of 2010, by 18%. FINRA mediations through July 2011 have been Read More
Wall Street Self-Regulator Makes Case for More Power
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Tuesday, September 13, 2011.
“FINRA’s Chief is testifying before Congress today to make its case for regulation over investment advisers. FINRA currently regulates broker-dealers and now proposes advisers be added to its area of oversight.” http://dealbook.nytimes.com/2011/09/13/finra-makes-its-case-for-more-power/ Read More
Major Wirehouses Offering Golden Handcuff Payments to Indie Brokers
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Monday, September 12, 2011.
Desperate to reel in star brokers, the major wirehouses are fishing more than ever in the unlikely and foreign waters of independent-contractor broker-dealers to hook their top representatives. According to clients we have spoken to, the deals that firms such Read More
Cross Selling Between Banks and Advisory Firms Not Panning Out
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Sunday, September 11, 2011.
Over the past decade there was a mad dash for banks to snap up advisory firms, on the belief that there would be substantial cross selling opportunities for banks to sell advisory services and other financial products to their existing Read More
Securities America Arbitrations/Class Action Finalized
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Wednesday, September 7, 2011.
The Billitteri v. Securities America class action has been finalized. That class action resolved claims of thousands of Securities America customers who purchased private placements in Provident Royalty and Med Cap holdings. In addition to the class action litigants, approximately Read More
CapWest Securities filed a notice of termination with FINRA
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Saturday, September 3, 2011.
CapWest Securities, which sold tens of millions of dollars of Medcap and Provident private placements, as well as DBSI real estate deals to its clients ceased operations and filed a notice of termination with FINRA. The firm faced both class Read More
End of the line for CapWest
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Friday, September 2, 2011.
CapWest Securities officially withdraws broker-dealer registration after losing FINRA arbitration claim: http://www.investmentnews.com/article/20110901/FREE/110909997 Read More
Goldman, two firms agree on foreclosure-signing practice: report
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Thursday, September 1, 2011.
FINRA Warns Investors of Gold Stock Scams
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Wednesday, August 31, 2011.
As investors flock to gold, FINRA warns of gold-related Ponzi schemes: http://www.finra.org/Newsroom/NewsReleases/2011/P124214 Read More
Top corporations spent more on CEO comp, lobbying than taxes
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Wednesday, August 31, 2011.
In one more, rather shocking example of how the rich get richer, a new study reveals that some of the best-paid chief executive officers in the U.S. earned more in salary and other compensation in 2010 than their companies’ federal Read More