CALL US:  (925) 314-9999

Investment News reported last week that the Financial Industry Regulatory Authority’s (FINRA) operating revenue decreased while its income from fines nearly doubled in 2016. FINRA made up for a 6% decrease in operating revenue with $173.6 million in income from fines, up from $93.8 million in 2015. FINRA’s members are understandably concerned by these increasing…

The Wall Street Journal recently reported that the use of margin debt has increased substantially with the recent run-up of the equity markets following the Trump presidential election.  Traditionally, margin refers to borrowing money from a broker to purchase stock or other securities.  More broadly, it is a reference to any borrowing associated with securities…

California’s Welfare & Institutions Code provides a series of remedies for financial abuse of those age 65 or older.  For years, financial elder abuse has been plead in investor arbitration claims against brokers and investment advisors.  Nevertheless, arbitration decisions rarely cite California’s financial elder abuse statutes as a basis for an award.  A recent arbitration…

Earlier this year, FINRA released its annual Examination Priorities Letter, which offers its members a glimpse into what they can expect from examinations during the coming year. Click here for a link to the letter itself.  For firms and individuals who are members of FINRA, this annual letter can also be a guide to the…

Litigation is expensive. Although every case is different, it is not uncommon for a case that runs through trial to cost each side hundreds of thousands of dollars in attorney’s fees.  As a result, a litigant should always evaluate whether he or she may have a right to recover their attorney’s fees if a case…

We are pleased to report a victory for one of our national broker-dealer clients in a recent decision by a panel of FINRA arbitrators in Los Angeles. Gordon Young and Graham Douds of Barr & Young arbitrated the case. In a rare 10-page reasoned opinion, the panel of three public arbitrators denied all claims alleged…

“I wish you had called us earlier.”  This is often our response when clients call us after they have been interviewed by law enforcement, or governmental, regulatory, or private investigators.  Often the reason for not hiring counsel is well-intentioned.  Common explanations include, “I didn’t think they were after me,” “I didn’t want to spend the money…

© 2017 Barr & Young Attorneys | Developed by Comrade Web Agency