Month: August 2022

Taken From: Source Last week, the Financial Industry Regulatory Authority censured and fined J.P. Morgan Securities $200,000 for failing to reasonably supervise Evan Schottenstein when the former registered representative made a series of unsuitable trades in the account of his widowed, 88-year-old grandmother. The decision shined a spotlight on the unending plague of financial elder abuse, an …

How advisers can stop family members from fleecing elderly relatives Read More »

Over the past several decades, the fees and costs associated with litigating FLSA cases has dramatically increased. A recent court decision may begin to change that landscape. Set out below is an excellent article regarding that  decision and the potential implications: Taken From: https: Source Since the Eleventh Circuit decided Lynn’s Food Stores, Inc. v. United States, …

Decision by Federal Court in Pennsylvania Questions Prevailing View that Judicial Approval is a Prerequisite to Settling Individual FLSA Claims Read More »

Taken From: Source The Corporate Transparency Act (CTA) will not only dramatically change the way that founders and investors in privately held companies — including law firms — interact with each other, but also require companies to file beneficial ownership reports with the Financial Crimes Enforcement Network that set out detailed background information about shareholders, …

The Corporate Transparency Act: Augmented Federal Anti-Money Laundering Legislation Brings New Reporting Requirements of Company Ownership Read More »