Browsing Category "Marc’s Blog"

I am not immune to cold calls. Note to Joseph Gunnar, stop calling me.

I am not immune to cold calls. Note to Joseph Gunnar, stop calling me.

Posted by on Apr 1, 2013 in FINRA, Investment Advisors, Stockbroker issues

I’ve been getting cold calls lately. I don’t know what list I got on, but they’re a pain in the neck. First of all, it’s never a large wirehouse broker who calls. It’s always some guy with a New York […]

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CFTC shuts down alleged commodities scam in South Florida.

CFTC shuts down alleged commodities scam in South Florida.

Posted by on Feb 28, 2013 in Marc's Blog

When I reopened this practice in 2010 as a solo practitioner, we rented space in the Crexent office center in Jupiter, Florida. It is one of those office suite concepts where you give them your credit card and they provide […]

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Morgan Stanley Wealth Management Ordered to Pay 1 Million Dollars in FINRA Arbitration.

Morgan Stanley Wealth Management Ordered to Pay 1 Million Dollars in FINRA Arbitration.

Posted by on Jan 7, 2013 in arbitration, FINRA, Marc's Blog

We had the distinct privilege of representing Greg Torretta in an arbitration against Morgan Stanley Wealth Management (formerly known as Morgan Stanley Smith Barney). Greg worked for Morgan Stanley and its predecessor companies for 26 years. He started as a […]

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Facebook and Instagram update privacy policies, freeloaders foam at the mouth.

Facebook and Instagram update privacy policies, freeloaders foam at the mouth.

Posted by on Dec 18, 2012 in Marc's Blog

First, a disclosure. I was sucked in by the Facebook hype. I have lost money on the stock, on paper. It’s OK. I’ll live. Now, on to today’s topic, the disclosure of a change to the privacy policies of Facebook […]

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Thoughts on being a poll watcher on election day 2012

Thoughts on being a poll watcher on election day 2012

Posted by on Nov 7, 2012 in Marc's Blog

I have been a lawyer for over 25 years. I have been blessed with representing any number of clients who have a special place in my heart. I have had clients whose financial picture changed because of the results I […]

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Being a broker means that you can say “I am Sorry” – Dow Jones Video

Being a broker means that you can say “I am Sorry” – Dow Jones Video

Posted by on Oct 31, 2012 in Investment Advisors, Securities Regulation, Stockbroker issues

I was quoted in a recent article on Dow Jones Wealth Adviser about whether or not a broker should apologize. My answer, just like one might expect from a lawyer, “It depends.” If you’re sorry you’re late returning a call, […]

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FINRA looking at broker incentives, again.

FINRA looking at broker incentives, again.

Posted by on Oct 24, 2012 in FINRA, Investment Advisors, Stockbroker issues

For as long as I’ve been involved in the brokerage business, brokers have had financial incentives. There are commissions, management fees, bonuses, trips to islands, one time there was even a contest that gave out nearly 100 leases on Porsche […]

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The Market Crashed 25 Years Ago Today.  Where Were You?

The Market Crashed 25 Years Ago Today. Where Were You?

Posted by on Oct 19, 2012 in Marc's Blog, securities, Stockbroker issues

Onwallstreet Magazine has created a slideshow addressing the numbers of the 1987 crash. It’s pretty interesting. I know a broker who actually signed his FA Training Agreement on that day. I was working at a mid-size firm in Princeton, New […]

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CRD, U-4 and U-5 Expungements – Can they be done in court?

CRD, U-4 and U-5 Expungements – Can they be done in court?

Posted by on Aug 31, 2012 in Marc's Blog

Traditional wisdom held that the only way to get an expungement of a customer complaint was from a FINRA arbitrator. Since time immemorial, brokers have sought expungements from arbitrators. We have handled a number of these types of expungements. Frankly, […]

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FINRA allows for special procedures for big cases.

FINRA allows for special procedures for big cases.

Posted by on Jul 6, 2012 in arbitration, FINRA, securities

FINRA announced this week the establishment of a pilot program for cases involving $10 million dollars or more. If your claim is $9.5 million, you’re not out of luck. The “pilot program” is available to any case, but they are […]

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