by commune | Jun 14, 2018 | Other News, Privacy & Data Security
LabMD, a now-defunct cancer-screening lab based in Georgia, has spent a decade fighting the Federal Trade Commission (“FTC”). Last week, LabMD won the fight. In LabMD, Inc. v. Federal Trade Commission, the United States Court of Appeals for the Eleventh Circuit...
by commune | Jun 12, 2018 | Other News, Securities
FINRA Rule 2111 requires a broker to have a reasonable basis to believe that a recommended security transaction or investment strategy is suitable for the customer. The “quantitative suitability” component of Rule 2111 (prohibiting “churning”) also requires that...
by commune | May 19, 2018 | Maritime Alerts, Other News
The following interview was reprinted with permission from Lawdragon.com. The “Law of the Sea” as a concept generally only comes across our bow when it has to do with international boundaries, fishing and mineral rights, and, well, maybe on International Talk like a...
by commune | May 15, 2018 | Other News, Securities
Keesal, Young & Logan attorneys Steve Young and Kate Handy recently assisted a major broker-dealer in obtaining a conservatorship over three valuable accounts of a 91-year-old customer who had been diagnosed with Alzheimer’s Dementia. The broker-dealer’s internal...
by commune | May 14, 2018 | Other News, Securities
Two significant new rules affecting securities firms take effect immediately. First, as of Friday May 11, 2018, FinCEN’s Customer Due Diligence Requirements for Financial Institutions (“CDD Rule”) requires FINRA members to identify and verify the beneficial owners of...
