FINRA recently adopted a new rule to limit stockbrokers from being named a beneficiary, trustee, or executor by a customer. The new FINRA Rule 3241 protects investors by requiring all FINRA-member brokerage firms to affirmatively address any situation where a customer appoints a firm’s stockbroker as beneficiary or to another position of trust such as […]
Morgan & Morgan’s Business Trial Group and its securities attorneys are investigating bond funds that allegedly reported inflated returns to attract investments and win high ratings from Morningstar. According to a recent paper published by several professors, Vladimir Atanasov and John Merrick (of William & Mary) and Philipp Schuster (of the University of Stuttgart), many […]
Business Trial Group attorney Roger C. Brown is representing Martinique At The Oasis Neighborhood Association, Inc. in a lawsuit filed against Lennar Homes, alleging shoddy construction work in the stucco exterior of the property. “For most people, their home is the biggest investment they make in their lives,” Brown told The Real Deal. “We will […]
The SEC recently announced a $114 million whistleblower award to a person who provided information that resulted in a successful enforcement action. The $114 million award is a record for the whistleblower program by a long shot – it is more than double the next highest award of $50 million made in June 2020. SEC Chairman […]
