FINLAW: FINRA amends its Sanction Guidelines to protect against elder financial exploitation
In assessing the range of a sanction that FINRA will impose on registered representatives and member firms in FINRA disciplinary actions, the key resource relied upon by enforcement attorneys and disciplinary hearing panelists is the Sanction Guidelines. Here litigators and adjudicators find the range of sanction for particular violations, and then consider aggravating and mitigating
Read MoreFINLAW: What is next for the DOJ in the crypto space after BitMEX?
Following the announcement by the United States Attorney, Southern District of New York on October 1, 2020 that it indicted the principals of the alleged off-shore cryptocurrency derivatives exchange BitMEX, there are many clear take-aways. To address just two, violations of the Bank Secrecy Act implicate criminal violations that can wreck both a company and
Read MoreFINLAW: The SEC proposes a finder exemption to broker-dealer registration
Last week, the SEC proposed a finder’s exemption to foster capital raising for small businesses. The proposal, which is not yet final, provides a safe harbor for finders to assist issuers in raising capital from accredited investors. The proposal creates two tiers of finders (Tier I and II), and the requirements a finder must meet
Read MoreSelected Top 5 Litigation Attorney by EB5 Investor Magazine, April 8, 2020
Selected Top 5 Litigation Attorney by EB5 Investor Magazine, April 8, 2020, two years in a row. https://www.eb5investors.com/magazine/article/top-25-attorneys-2019-top-litigation-attorneys
Read MoreFINLAW: What should you do when you receive a Rule 8210 request from FINRA?
It frequently happens as follows: a registered representative or associated person of a broker-dealer (RR) receives a Rule 8210 letter from FINRA requiring that she respond to questions or worse, appear before FINRA to provide testimony under oath (OTR). Any hope that your departure from a broker-dealer that marked up Form U5 with unsavory details
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