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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 […]

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,

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,

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

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

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

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

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

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

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