The Practice Of Law Is A
Relationship Business
The United States Securities and Exchange Commission (SEC) recently accused founder and former CEO Trevor Milton of Nikola, an electric car company, of securities violations. The government agency claims Mr. Milton used media appearances to provide investors with...
Insider trading cases generally involve using confidential information to help guide decisions to trade on the stock exchange. This practice is illegal and can come with serious penalties like monetary fees and even the potential for imprisonment. We have seen...
Leadership of an organization can have a direct impact on the group’s culture, outlook, and practices. Changes in leadership structure can result in changes in any of these areas. As a result, it is a good idea for broker-dealers to keep apprised of such changes...
Brokers are in the business of getting good deals for their clients. Sometimes, those deals may involve private companies. Moving forward with these deals can be beneficial for all involved if the broker follows the rules. The Financial Industry Regulatory Authority...
The Financial Industry Regulatory Authority (FINRA) recently announced an update to some of its rules regarding registrants who may have stepped away from the industry for a short period of time. The group specifically states that it added a new program, the...
It all started with a customer complaint. In some situations, such a complaint can trigger an investigation by the Financial Industry Regulatory Authority (FINRA), which, in a recent case, was sufficient to warrant such action. FINRA began its investigation against...
The pandemic and resulting stay-at-home orders were crippling for businesses throughout the nation. The federal government provided a number of different financial programs in an effort to help entrepreneurs stay afloat during these difficult times. Each program had...
Misuse of social media is not a new issue. The possibility of social media postings leading to allegations of criminal wrongdoing — also not a new idea. What is relatively new is the idea that the United States Securities and Exchange Commission (SEC) would go after a...
The Financial Industry Regulation Authority (FINRA) requires those who provide a recommendation for a transaction or investment strategy involving a security to a client have reasonable basis for the advice. The organization states this basis should be the result of...
Those who operate in the financial planning and wealth management sector need to follow an array of regulations. The standards that guide these professionals can vary depending on their title — making compliance even more complicated. Financial planners, for example,...