Can a Broker-Dealer Firm be Sued for Failure to Supervise a Broker? Broker-dealers, also known as brokerage firms, are routinely sued for “failure to supervise” claims. The Financial Industry Regulatory Authority (FINRA), the organization which regulates broker-dealers and their employees, has a series of rules requiring broker-dealers to establish and…
Investors often ask whether a clearing firm can be liable for losses sustained in their accounts. The answer is “yes.” Traditionally, clearing firms, also known as clearing houses, are financial institutions established to handle the confirmation, settlement, and delivery of transactions. To ensure its clients’ transactions are made in a…
Many clients are asking, “can my arbitration hearing be done online by video?” The answer is yes. FINRA allows for remote hearing services, via Zoom and teleconference, to parties in all cases. In arbitration, all parties can agree as to almost anything and FINRA will allow it – such as…
U.S. oil prices have been on a roller coaster ride over the last few weeks, at one point dropping below $0 for the first time in history to -$37.63 a barrel. Oil has since rebounded from its subzero levels, but it remains questionable as to whether it can stay there. …
Retirees and other retail investors who lose money in the stock market often don’t know where to turn to. In fact, many people are often surprised to learn that they can recover their investment losses, but this realization is often delayed or completely obscured by our understanding of the markets…
As we have been saying in this space for many years, getting a Rule 8210 Notice from FINRA can be a jarring event. If you have received an 8210 notice, you should take it seriously, as well as immediate steps to develop your best course of action to comply with…
In March 2020 Oil prices had their worst day since 1991, plunging to multi-year lows. Tensions between Russia and Saudi Arabia and OPEC’s failure to strike a deal were escalated by the global economic slowdown spurred by COVID-19 resulting in oil’s worst day since 1991. With oil’s and the energy…
Predicated on fear of a global slowdown and the uncertainty around coronavirus, the stock has experienced extreme volatility as it heads into bear territory. While it may be expected for even the bluest of blue-chip stocks to experience volatility, investors should pay particular attention to their entire investment portfolios as…
Today, Malecki Law, won a court appeal to allow an international investor to proceed in his securities lawsuit against Lek Securities Corporation and its principals (Samuel Lek and Charles Lek), allowing the case to go forward and be decided by a panel of arbitrators in the dispute resolution forum provided…
Receiving a subpoena from the Securities and Exchange Commission (SEC) is a serious matter as is the associated document production most SEC subpoenas call for. Not only do most all SEC subpoenas require the production of vast amounts of documents, electronic files and data, the manner in which the SEC…