What are the requirements to obtain a monetary award under the SEC Whistleblower Program? In June, the Securities and Exchange Commission (“SEC”) announced its second largest whistleblower award of more …
Is it a breach of contract to bypass an agreed-upon, independent alternative dispute resolution (“ADR”) process and commence an arbitration proceeding elsewhere? When two companies enter into a contract, it’s …
How do anti-money laundering programs detect suspicious activity? The Financial Industry Regulatory Authority (“FINRA”) announced in May that it fined two Raymond James entities for systemic flaws in their anti-money …
Catastrophic events often bring out the best in people. Sometimes, however, such events bring out the worst in people. The events that followed Hurricaine Katrina stand as reminders of the …
Damages Or Rescission . . . It Makes A Difference. Most people think that they are entitled only to monetary relief when they are the victim of fraud. That, however, …
Do mandatory arbitration clauses prevent class action lawsuits? The Consumer Financial Protection Bureau recently proposed a rule that would scale back mandatory arbitration clauses used by banks and other financial …
What does the Labor Department fiduciary standard mean for financial advisors? After telegraphing its punch for almost 6 years, the Department of Labor recently announced the highly anticipated fiduciary standard …
