Securities Law in a Nutshell is an excellent introduction to the United States securities law.
Broker-Dealer Regulation in a Nutshell is a similar introduction, and while the laws regulating broker-dealers are complex, this book provides an overview of the concepts and regulations.
Investment Adviser Regulation: A Step-by-Step Guide to Compliance and The Law is an excellent starting point for understanding the regulation of investment advisers.
Recent Blog Posts
Are Advisors Too Expensive?
According to a survey conducted by the personal finance website MagnifyMoney, nearly half of U.S. adults think financial advisors are expensive and only for the wealthy, even though almost all who use advisors consider them worth it, according to a new survey.
The survey of 1,500 adults found that 30% of consumers have a paid financial ...
SEC Investigation Not a Covered Claim for Hertz
Make sure your insurance policies explicitly cover a governmental investigation. Hertz was covered for the class action
but not the SEC
investigation arising from the same events. Hertz Global v National Union Decision Download
SEC Charges California-Based Fraudster With Selling “Insider Tips”
has charged James Roland Jones of Redondo Beach, California, with perpetrating a fraudulent scheme to sell what he called “insider tips” on the dark web. The dark web allows users to access the internet anonymously and, as such, has often been used to host websites and marketplaces that support or promote illegal activity. ...
Three Fallacies Of Wealth Creation, And Three Antidotes
Three Fallacies Of Wealth Creation, And Three Antidotes If you can see through these misperceptions about assets, you can be a better investor.
#seclaw #securitiesattorney #securitieslawyer
Coast-to-coast representation of investors and financial professionals – Securities Lawyer
End Mandatory Arbitration?
Elizabeth Warren has once again taken up the charge to end pre-dispute arbitration agreements, which she calls “forced arbitration.” I have addressed the topic on numerous occasions and while I am a fan of arbitration, pre-dispute arbitration agreements can be an issue, particularly in consumer cases, such as car rental and credit card agreements.
The process ...
Customer Claims in Arbitration
I have been representing customers and brokers in securities arbitration matters since 1982. In those 35 years I have handled over 700 securities arbitration cases. Since securities arbitration is such ...
Expungement of Customer Complaints
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Insider Trading – The Legal and Illegal
Illegal insider trading
is a serious securities law violation which carries potential civil and criminal penalties. Civilly, the penalties can be as large as three times the gross profit on ...
Introduction to State Securities (Blue Sky) Laws
Mark Astarita, Esq. is a nationally recognized securities attorney who represents investors, financial professionals, issuers and financial firms in a wide variety of matters involving federal and state securities laws. ...
Federal Securities Law, a Securities Lawyer Guide
, the States, and much more Mark J. Astarita is a nationally known securities attorney with over 30 years of experience representing investors and financial professionals across the country ...
Securities Arbitration Hearing Overview
Just What Happens at an Arbitration?
By Mark J. Astarita, Esq. Past columns have touched on arbitration hearings, and have raised the question just what happens during an arbitration hearing. It seems ...
Finders Explained – Be Careful
A question I am often asked is what is the definition of a finder, or questions that lead to that question. The issue arises when an unregistered person or entity ...
Cold Calling Rules
Compliance with securities regulations is only the beginning
By Mark J. Astarita, Esq. Introduction
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Churned or Traded?
Mark J. Astarita is a nationally known securities attorney who represents investors and financial professionals in arbitration, compliance and regulatory matters. If you have a question, email him at firstname.lastname@example.org. Churning
Responding to an 8210 Request
Introduction to the Federal Securities Laws – written by securities lawyer Mark Astarita, an overview of the federal regulatory scheme for the financial markets. Written for the non-lawyer, with links to more detailed information
Introduction to the Blue Sky Laws (State Securities Laws) – In addition to the Federal Securities Laws, each state has its own securities laws. Those laws vary from state to state, and require registration or notification of securities offerings, and registration of brokers and brokerage firms. Each state has a regulatory agency which administers the law, typically known as the state Securities Commissioner. This introduction provides an overview of the regulatory scheme. A list of state securities commissioners and their addresses is available in our Guide to State Securities Regulators.
Introduction to Securities Arbitration – In general, and in the securities industry, a party cannot be compelled to arbitrate a dispute unless he has contractually bound himself to do so. Registered representatives and their firms are contractually bound to arbitrate their disputes with their customers, even in the absence of a written contract with the customer. The contractual obligation arises, not from a customer agreement, but their registration with FINRA. For customers and financial professionals, an introduction to the process, from start to finish.
Introduction to the Initial Public Offering Process – in the Corporate Finance section, an introduction to the public offering process
Introduction to Private Placements – in addition to public offerings, many companies raise money by selling securities in a private offering. There are many restrictions and caveats to the process.
Introduction to Insider Trading – there is legal insider trading and illegal insider trading. When investors, regardless of their relationship to the company, trade on material, non-public information, there is a risk that the trading is illegal.
Registration of Investment Advisors – one of our featured articles, an introduction to becoming an investment adviser and what you need to know to start an advisory firm
Guide to Broker-Dealer Registration – an updated version of the SEC’s original guide is now online.