FINRA’s amendments to the Code of Arbitration Procedure modifying the Process Relating to Expungement of Customer Dispute Information take effect October 16, 2023. Many registered representatives have, or will have, “dings” on their CRD (Central Registration Depository) records, which have been readily available to the public through FINRA’s online, BrokerCheck portal. As more and more […]

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By: Robert “Bob” Boeche, II, Partner The outbreak of the COVID-19 pandemic, subsequent closures of businesses and mandated “quarantine” laws have had dramatic effects that permeate nearly every facet of our lives. With the markets wildly fluctuating, and advisers being deemed an “essential” service, most advisers are juggling responsibilities to their clients with trying to […]

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As we collectively navigate the unfolding Coronavirus pandemic, we want to assure our clients and colleagues that our firm will remain open for business regardless of the challenges ahead. We have implemented a contingency plan that allows our lawyers and staff to continue to operate remotely, if necessary, in a seamless, non-disruptive manner. We have planned […]

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The Financial Industry Regulatory Authority (FINRA) is a private, non-governmental corporation that acts with the authorization of the Securities and Exchange Commission (SEC) to regulate the U.S. securities industry.  Born in 2007 from the merger of the former National Association of Securities Dealers (NASD) and New York Stock Exchange (NYSE) regulatory division, FINRA is now […]

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Sophisticated, worldwide investors require transparency and consistency to understand and compare investment opportunities, their fundamentals and risk exposure. The trend in Asia-Pacific has been toward passive and exchange-traded funds, and away from active products since the only objective and consistent analytics allow investors and managers to compare fund alternatives. The continuing growth of these passive […]

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Governor Jerry Brown recently signed into law Senate Bill 766 intended to make California a more attractive locale for international arbitrations. While international arbitrations are one of the fastest-growing segments of the legal industry, California has not shared in that growth due, primarily, to the 1998 decision by the California Supreme Court which held that non-California […]

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Time is running out for brokers who may want to have their disclosure records expunged under Finra’s current rules, which are expected to undergo serious changes that will make the process costlier and more complex for advisors, warns law firm Shustak Reynolds & Partners. “From my perspective and our clients’ perspective, I think that the […]

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We are pleased that partner Jim Reynolds obtained a dismissal before trial on behalf of a client sued for negligence and product liability.  Our firm represented a ship repair company that performed boiler room work on U.S. Navy ships.  An employee for NASSCO and his wife sued our client for negligence, strict liability, misrepresentation, fraud, […]

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SAN DIEGO–(BUSINESS WIRE)–Shustak Reynolds & Partners, P.C. (www.shufirm.com) announces it won a $1.8 million arbitration award on behalf of two financial advisors who were terminated from USAA Financial Advisors, Inc. in May 2017. Notably, of the $1.8 million, $700,000 was for punitive damages based on USAA’s egregious conduct and $250,000 was for attorneys’ fees. Following […]

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Shustak Reynolds Obtains $1.8 Million FINRA Arbitration Award For Two Former USAA Wealth Advisors Who Were Unfairly Terminated and Defamed We are pleased to announce that partners Jonah Toleno and George Miller, and senior attorney Kate Bowles recently prevailed in a FINRA arbitration in Texas which resulted in an award totaling $1.8 million on behalf of two […]

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“Erwin contacted his friend and colleague, IR Global member John Wolfs of Wolfs Advocaten, based in Maastricht, Netherlands, who acted as local counsel to the client in coordination with Erwin’s firm”. The benefits of having legal counsel who is a member of the IR Global community are substantial and important. The below case study highlights the importance of having attorneys who can provide […]

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