Jones and Adams – Jones and Adams – Attorneys at Law

How advisers can stop family members from fleecing elderly relatives

Jones and Adams — Wed, 10 Aug 2022 18:21:47 +0000

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 […]

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

Jones and Adams — Tue, 02 Aug 2022 18:33:09 +0000

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, […]

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

Jones and Adams — Tue, 02 Aug 2022 18:25:03 +0000

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, […]

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Finra arbitration orders D.E. Shaw to pay former manager $52 million in defamation suit

Jones and Adams — Fri, 01 Jul 2022 18:57:04 +0000

Taken From: Source By: Jeff Benjamin A Finra arbitration board has ordered hedge fund giant D.E. Shaw & Co. to pay a former star fund manager $52 million, which represents one of the largest defamation fines in at least a decade. The fine is a fraction of the $600 million sought by Daniel Michalow, who was […]

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Finra Raps Ex-Morgan Stanley Broker Who Said Deceased Client Had Authorized Distributions

Jones and Adams — Fri, 01 Jul 2022 18:47:51 +0000

Taken from: Source By: AdvisorHub Staff The Financial Industry Regulatory Authority showed little sympathy for a 36-year industry veteran in Michigan who it alleged falsely identified a deceased customer as having authorized disbursements from a trust. The regulator issued a $7,500 fine and two-month suspension against Paul C. DeMark, a former Morgan Stanley broker who […]

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Finra Increases Scrutiny of Brokers’ WhatsApp Use

Jones and Adams — Tue, 28 Jun 2022 19:35:45 +0000

Taken from: Original By: Miriam Rozen A crackdown on clandestine messaging by traders and dealmakers on Wall Street appears to coincide with a string of WhatsApp enforcement actions in the brokerage industry from the Financial Industry Regulatory Authority. Finra this year alone has sought sanctions three times–against a brokerage, and two brokers at separate firms–because of […]

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LLC Member Pays the Price For Not Sticking to Deadlock-Breaking Script

Jones and Adams — Fri, 13 Nov 2020 05:36:01 +0000

LLC Member Pays the Price For Not Sticking to Deadlock-Breaking Script by Peter Mahler | Farrell Fritz, P.C. When the management of a closely held business is controlled equally by two owners, it’s wise both to anticipate possible deadlock over major decisions and to provide in the constitutive documents a deadlock breaking mechanism. One such mechanism is […]

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Force Majeure As An Affirmative Defense

Jones and Adams — Fri, 03 Apr 2020 05:33:21 +0000

Force Majeure as an affirmative defense What does the Southern District of Florida have to say? Force Majeure as a defense in the context of the current Coronavirus Pandemic will be an important issue in business and corporate litigation. Set forth below is a recent case from Judge Middlebrooks that provides a good roadmap […]

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Commercial Landlords and Force Majeure Clauses – Issues and Strategies

Jones and Adams — Thu, 02 Apr 2020 09:40:55 +0000

Matthew L. Jones, Esq. Jones & Adams, P.A. 999 Ponce de Leon Blvd., Suite 925 Coral Gables, FL 33134 o: 305.270.8858 e: matthew@jones-adams.com The COVID-19 pandemic has taken commercial landlords and tenants into dark waters. The pandemic has caused them operational and payment issues that have never been contemplated. Just how long this business interruption […]

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Coverage and Corona

Jones and Adams — Tue, 31 Mar 2020 16:17:27 +0000

Coverage and Corona – What to expect from your Insurance Company Matthew L. Jones, Esq. JONES & ADAMS, P.A. 999 Ponce De Leon Blvd., Suite 925 Coral Gables, FL 33134 o: 305.270.8858 e: matthew@jones-adams.com In this new “coronavirus climate”, it is important to keep up-to-date regarding how courts are dealing with business issues that relate […]

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