Ami Forte Presses for Back-Pay from Morgan Stanley, the Company She Loved
May 10, 2016
AdvisorHub
Mason Braswell and Jed Horowitz
Original Story Reasonable advisors can differ over whether Morgan Stanley’s recent dismissal of Amy Forte was fair comeuppance for her dalliance with a billionaire client whose account she allegedly churned. Her latest crusade may draw more unanimous support from the community. The southern Florida ex-broker has gone public with an arbitration claim she’s pressing against the world’s […]
Read More
Why Plaintiffs Firms Will Love DOL's New Fiduciary Rules
April 6, 2016
Law360
Carmen Germaine
The U.S. Department of Labor’s fiduciary rules give more power to retirement savers, experts said, providing investors and their attorneys an important new tool to bring claims when they suspect their broker-dealer doesn’t have their best interests at heart. “As night follows the day, there will be more litigation,” Skadden Arps Slate Meagher & Flom LLP partner […]
Read More
Law360's FINRA Arbitration Survival Guide
February 23, 2016
Law360
Ed Beeson
Just because the Financial Industry Regulatory Authority’s dispute resolution process promises to be quicker, cheaper and simpler than heading to federal court doesn’t mean it is a walk in the litigation park, experts say. Instead, the forum has its own idiosyncrasies that can sink even seasoned trial lawyers. A forum unlike others, FINRA arbitration is the […]
Read More
S.E.C. Settlement With Citigroup Holds No One Responsible
August 28, 2015
New York Times
Gretchen Morgenson
How can we expect Wall Street’s me-first culture to change when regulators won’t pursue or even identify the me-firsters who are directly involved? That question came to mind after reading the terms of a settlement struck on Aug. 17 between the Securities and Exchange Commission and two units of Citigroup. It is a deal that […]
Read More
Finra sweep homes in on conflicts in broker pay
August 20, 2015
InvestmentNews
Mason Braswell
Original Story Finra is taking a closer look at the potential conflicts of interest in how firms pay their brokers. In targeted exam letter, the Financial Industry Regulatory Authority Inc.queries firms about a broad range of compensation practices, from the common payout grids, which determine how much of their annual revenue their brokers take home, to […]
Read More