Tim O'Connor's Blog

Think Twice Against Borrowing Against Your Pension

The New York State Department of Financial Services (DFS) and the Consumer Financial Protection Bureau (CFPB) have initiated action against two companies involved in soliciting pension advance loans from unsuspecting consumers. The suit against Pension Funding, LLC and Pension Income, LLC alleges that the companies deceived individuals into taking loans against their pensions, hiding high […]

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School Law

School principals and administrators often take it upon themselves to investigate and prosecute cheating scandals that don’t exist. In this day and age of advanced information technology capabilities both students on the one side, and administrators and prosecutors on the other side, have many options for researching, copying and sharing educational and testing materials in […]

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Top Investors Threats Announced By NASAA

Top Investors Threats by NASAA The North American Securities Administrators Association (NASAA) recently announced its annual list of top investor threats after a survey of state securities regulators, identifying the five most problematic investment products, schemes and tricks as follows: Unregistered Products/Unlicensed Salesmen – unregistered salesman without any training or licensure has flooded the internet, airwaves […]

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The North American Securities Administrators Association (NASAA) Protecting the Investing Public

The North American Securities Administrators Association (NASAA) maintains an investor education resource on its website designed to protect the investing public from investment schemes and victimization in the financial markets. The frequently posted investor alerts and tips are designed to inform the average investor of storm clouds ahead of the financial markets and traps to […]

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Broker Rights in Promissory Note and Forgivable Loan Cases

Brokerage firms have used forgivable loan and promissory note agreements as inducements to either hire new brokers and/or compel their current brokers to keep their book of business with their firms. Notably, these agreements oftentimes include overreaching covenants not to compete and/or covenants not to solicit, with which firms seek to compel, restrain and handcuff […]

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