Award of More Than One Half Million to SEC Whistleblower In a Press Release dated May 2, 2017, the SEC announced the payment of a Whistleblower award in excess of one half million dollars to a company employee who provided specific information disclosing a fraudulent practice. In the release, the SEC stated that “the discovery […]
Read PostTim O'Connor's Blog
FINRA Issues Guidance on SEC Approved Rules to Prevent Exploitation of Senior Citizens
The Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 17-11 offering guidance on new SEC guidelines and approvals, including the adoption of FINRA Rule 2165 (Financial Exploitation of Specified Adults). This new rule permits members to place temporary holds on transfers of monies or account holdings from the accounts of specified customers where a broker would […]
Read PostFINRA Warns Brokers on Social Media and Digital Communications
In Regulatory Notice 17-18, the Financial Industry Regulatory Authority (FINRA) issued addressed the obligations of FINRA member firms and persons when utilizing social media and digital communications. The Regulatory Notice contains comprehensive recordkeeping advice for digital communication content, also issuing warnings and guidance regarding third party posts and hyperlinks to third party sites. We offer a […]
Read PostTrends in Supervisory and Clearing Firm Liability
On April 6, 2017, Tim O’Connor presented at the 2017 Securities Arbitration and Mediation Continuing Legal Education Presentation of the New York State Bar Association at the New York Society of Security Analysts (NYSSA), 1540 Broadway, New York, New York. At this presentation, Mr. O’Connor presented with co-author, Paul C. Carroll, former limited partner with […]
Read PostWhistleblower Anonymity, Protection & Awards
Learn About Whistleblower Protection, Anonymity & Awards An Attorney for Whistleblowers Securities Whistleblower Incentives and Protection (15 USC 78u-6) The Federal Securities Whistleblower Incentives and Protection Statute is contained in 15 USC § 78u-6. This statute provides qualified whistleblowers the right to claim monetary remedies pursuant to its terms. Whistleblowers who provide original information in […]
Read PostHave a Question?
Quick Contact
"*" indicates required fields
Recent
Blog Posts
- Securities Litigation
- Securities Brokerage Mediation
- Transfer on Death (TOD) and Death Beneficiary Accounts and the Perils of DIY Estate Planning
- A Successful Will Contest
- SEC Issues Required Investor Disclosures for Variable Annuities and Variable Life Insurance Contracts