Category Archives: Uncategorized

WHAT TO DO AFTER BEING HANDED THE FORM U5

On behalf of Girard Bengali, APC on Monday, June 3, 2019. As Wall Street's standards continue to change and evolve, many financial advisers in Los Angeles and around the country are being terminated for relatively minor infractions. Once they receive a Form U5, they must come up with a long-term plan for getting back on their feet....

Be careful when signing a severance agreement

On behalf of Girard Bengali, APC posted in employment law counseling on Friday, May 10, 2019. It has become almost customary for California companies to offer executives and other professionals in the Los Angeles area what is referred to as a severance agreement when they decide to let these types of employees go. Severance agreements...

Tags: Employment Law Counseling, Securities Arbitration And Litigation

FINRA COULD IMPOSE NEW REGULATIONS ON BROKER-DEALERS AND FIRMS

On behalf of Girard Bengali, APC on Tuesday, May 28, 2019. Brokers and financial firms in California and nationwide may be interested in a report that the Financial Industry Regulatory Authority could crack down on over 60 firms after proposing a new rule. The authority oversees over 3,700 broker-dealers engaged in securities transactions. While a FINRA executive...

U.S. WOMEN’S NATIONAL TEAM FILES LAWSUIT

On behalf of Girard Bengali, APC on Monday, May 20, 2019. Soccer fans in California and throughout the country generally acknowledge that the women's national team has had more success than the men's team. However, the women's team has filed a gender discrimination claim against the U.S. Soccer Federation (USSF). The lawsuit claims that the USSF has...

FINANCIAL REGULATOR PROPOSES NEW RULE

On behalf of Girard Bengali, APC on Monday, May 13, 2019. Most brokerage firms and brokers in California and throughout the country take steps to ensure compliance with applicable regulations. However, some do not make an effort to comply with the financial laws and regulations. To help combat this problem, FINRA has proposed a rule that require...

CAN YOU TRUST YOUR FINANCIAL ADVISOR?

On behalf of Girard Bengali, APC on Monday, May 6, 2019. Finding a broker you can trust is not always easy. Even a financial advisor who comes highly recommended by a friend may not be a good fit for you. You want someone who will be straight with you and guide you in making decisions that will help you...

JUDGE RULES AGAINST LAW FIRM IN SANCTIONS MOTION

On behalf of Girard Bengali, APC on Thursday, May 2, 2019. Workers are generally entitled to equal pay and other protections based on gender and other attributes. A $100 million lawsuit against the law firm Morrison & Foerster LLP, which was originally founded in California and has an office in Los Angeles, claims that pregnant workers were...

FINRA SANCTIONS BROKER FOR UNDISCLOSED CUSTOMER LOAN

On behalf of Girard Bengali, APC on Monday, April 29, 2019. The Financial Industry Regulatory Authority (FINRA) suspended a prominent broker who provided financial services in California and across the country. The suspension came after the man allegedly borrowed $200,000 from one of his customers in 2013 without informing his employer at the time, LPL Financial. The...

MAN RECEIVES FINRA BAN IN BITCOIN CASE

On behalf of Girard Bengali, APC on Monday, April 22, 2019. The Financial Industry Regulatory Authority (FINRA) has recently banned a trader involved in a $1.5 million Bitcoin scheme. The trader told investors that they could buy the Bitcoin at a discount and receive higher than normal returns. According to FINRA, the money was sent to the...

CIVIL SUIT AGAINST SECURITIES AMERICA MAY HEAD TO ARBITRATION

On behalf of Girard Bengali, APC on Monday, April 15, 2019. Finance professionals in California and around the country who are accused of misconduct may face serious civil and criminal sanctions. A pending civil case against a brokerage firm called Securities America demonstrates the types of penalties that might be assessed. A former financial adviser who was...