by Ashley Spencer | Jun 3, 2022 | Businesses, Contracts, Corporate Formation, FINRA, Mediation
At the Spencer Law Firm, we are business owner dispute attorneys. Business owner disputes comes in all forms. Most arise in smaller companies, partnership and closely held companies with few owners. Generally, business owner disputes emerge when owners have different... by Bonnie Spencer | May 10, 2022 | FINRA, Investors, Securities
Have you had a wonderful idea but no money to get it launched? Did you accept money from a relative or friend and lived to regret it? There is no need for any “contract” because this is between people who trust one another, right? No! It is not right and the reason... by Ashley Spencer | Nov 20, 2019 | FINRA, Ponzi
A former broker accused of running a Ponzi scheme targeting elderly investors is banned from the securities industry by the U.S. Securities and Exchange Commission. James Booth of Norwalk, Connecticut was arrested on September 30, 2019 after the U.S. Department of... by Ashley Spencer | Nov 18, 2019 | FINRA
Professionals in the securities industry may get more freedom when it comes to advertising. In early November 2019, the U.S. Securities and Exchange Commission proposed updating the Investment Advisers Act of 1940 to allow investment advisers using endorsements and... by Ashley Spencer | Nov 15, 2019 | FINRA
Customers who incurred excess fees on their 529 plans through Merrill Lynch, Pierce, Fenner & Smith, Raymond James & Associates, Inc., and Raymond James Financial Services, Inc. will receive approximately $12 million in restitution. The move comes after the... by Ashley Spencer | Nov 14, 2019 | FINRA
Are brokers and firms prepared against a cyber-attack? The Securities Industry and Financial Markets Association (SIFMA) will test how well firms can survive data hacks, bad data and more. CNBC reports SIFMA will likely test firms in the securities industry this fall... by Ashley Spencer | Nov 13, 2019 | FINRA
The U.S. Securities and Exchange Commission’s Division of Enforcement announced on November 6, 2019 that it ordered more than $4.3 billion in disgorgement and penalties for the 2019 fiscal year. The SEC also reports returning approximately $1.2 billion to harmed... by Ashley Spencer | Nov 12, 2019 | FINRA
Brokers and firms should be familiar with the Regulation Best Interest (RBI) plan, implemented by the U.S. Securities and Exchange Commission (SEC). Firms have until June 30, 2020 to comply with RBI. Here’s a checklist to make sure your firm is compliant. Brokers who... by Ashley Spencer | Nov 4, 2019 | FINRA
Brokers-to-be who are looking to break into day trading may want to be a little more inconspicuous if they cheat on tests, or not cheat at all. The Financial Industry Regulatory Authority claims Andrew Yoro cheated on the Series 7 examination by “consulting study... by Ashley Spencer | Nov 4, 2019 | FINRA
By June 30, 2020, brokers and firms will be required to issue a Form CRS Relationship Summary to customers. The Form CRS by the Financial Industry Regulatory Authority will require brokers and firms to tell clients how they’re monitoring investments, what services are...