Sunset for Settlements?

Posted on Jul 20, 2015 in Blog

ANASD rule change destined to take effect later this year would have the unintended consequence of making it harder for investors to obtain the redress they seek against brokers. Indeed, proposed Rule 2130, which would prohibit the expungement of CRD records unless a claim is factually impossible or clearly erroneous, effectively shoots the consumer in […]

Keep It Dark

Posted on Jul 20, 2015 in Blog

Arbitrations are designed to be the final word in disputes between investors and the firms and reps that serve them. Thus, it is not surprising that when an NASD arbitration panel hands down a ruling, it measures its words carefully. Very carefully. A typical ruling might read like this: “Respondent must pay Claimant $55,000 as […]

The ‘Streamlined’ FINRA Arbitration System: Are You Kidding Me?

Posted on Jul 20, 2015 in Blog

On the FINRA website, under the Overview section of “FINRA Arbitration and Mediation,” FINRA describes the Dispute Resolution process as “typically less costly and faster to use as a way to settle a dispute than to take a case to court.” The site goes on to state that “FINRA has extensive experience providing a fair, […]

Five Tips To Keep From Getting Sued

Posted on Apr 19, 2013 in Blog
Five Tips To Keep From Getting Sued

Times are great.  The market is soaring.  Stocks are generally doing well.  And the woes of 2007 and 2008 are a faded memory.  And, of course, all customers are singing the praises of their registered representatives – until the next crises. 

SAC Executive Indicted: Will Steve Cohen Go Down?

Posted on Mar 31, 2013 in Blog
SAC Executive Indicted:  Will Steve Cohen Go Down?

For years, federal investigators have been pursuing Steven A. Cohen, the head of SAC Capital, over suspicions that his hedge fund was a hive of illegal insider trading.

The Predicament of Sympathetic Victims: The Sandusky Trial June 15, 2012

Posted on Mar 31, 2013 in Blog
The Predicament of Sympathetic Victims: The Sandusky Trial June 15, 2012

The trial of Jerry Sandusky began Monday before the Centre County Courthouse in Bellefonte, Pa — and it is ugly. Prosecutors painted a picture of Sandusky using the list of children at the charity as his own personal scouting report, with Sandusky even putting asterisks next to the names of certain boys he wanted to […]

Julie Taymor: Famed Director Sues as an Author

Posted on Mar 31, 2013 in Blog

No director has ever prevailed at trial on a copyright claim, but Julie Taymor’s is probably the strongest yet brought. When the producers of Broadway’s “Spider-Man: Turn Off the Dark,” set out to make the most elaborate and expensive musical in history, Taymor was

MF Global – John S. Corzine.

Posted on Mar 31, 2013 in Blog

John S. Corzine is a remedial student of the lessons learned in the last financial crisis. The head of MF Global had been sheltered from the worst of the nation’s economic woes in office, while he served first as a US Senator and then as a Governor of New Jersey. Now, all at once, the […]

The Gupta Indictment: Government Cocky After Rajaratnam Conviction?

Posted on Mar 31, 2013 in Blog

United States attorney Preet Barbara has a challenge before him if he wants to prove that Rajat Gupta was the “eyes and ears of in the boardroom for his friend and business associate, Raj Rajaratnam.” The government alleges that Mr. Gupta, who was once a director of Goldman Sachs and Proctor & Gamble, fed information […]

Conrad Murray Trial: What is there to try?

Posted on Mar 31, 2013 in Blog

Unlike most criminal trials, there are very few issues remaining in the homicide trial of Conrad Murray, the late pop superstar Michael Jackson’s physician, scheduled to commence on September 27, 2011 in Los Angeles County Superior Court.

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