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WSSLLP’s Philadelphia Office Wins Defense Award in FINRA Arbitration Seeking Monetary Damages and Expungement for Alleged Defamation
The firm’s client is a national broker-dealer which was a Respondent in a FINRA arbitration where Claimant sought monetary damages of $676,000. He also sought expungement of the disclosure of his involuntary termination and reason for the termination from his publicly available broker-check report. Claimant alleged that his broker-dealer defamed him when it completed the […] More
FINRA Issues Exam Priorities for 2023
On January 10, 2023, the Financial Industry Regulatory Authority (“FINRA”) released its 2023 Examination and Risk Monitoring Program Report. The report “provides member firms with insight into findings from the recent oversight activities of FINRA’s Member Supervision, Market Regulation and Enforcement programs.”[1] The report is published to promote greater transparency to member firms as well […] More
FINRA Files Proposed Rule Changes to Code of Arbitration Procedure
The Financial Industry Regulatory Authority (FINRA) filed a proposed rule change with the Securities and Exchange Commission (SEC) on December 23, 2022, that, among other things includes amendments to FINRA’s Code of Arbitration Procedure aimed at improving the experience of parties using FINRA’s arbitration forum. The proposed procedural changes include: Virtual Prehearing Conferences First, under […] More
FINRA Files Proposed Rule Change to Make Arbitrator Selection Process More Transparent
In the wake of a Georgia state court vacating a Wells Fargo arbitration award early last year, the Financial Industry Regulatory Authority (FINRA) filed a proposed rule change with the Securities and Exchange Commission (SEC) on December 23, 2022, that, among other things, principally aims to provide greater transparency regarding potential arbitrators’ conflicts of interest […] More
Winget, Spadafora & Schwartzberg, LLP Promotes Two New Partners
Winget, Spadafora & Schwartzberg, LLP is pleased to announce the promotion of two partners in its Los Angeles and New York City offices. Alexis T. King handles a broad range of civil litigations with a focus in professional liability defense. Her professional liability defense practices includes the representation of lawyers and other professionals in federal […] More
FTC Proposes a New Rule that, if Finalized, would Ban Employers from Using Non-Compete Clauses
On January 5, 2023, the Federal Trade Commission (“FTC”) proposed a new rule that would ban employers from imposing non-compete clauses on their workers and require employers to rescind any existing non-compete agreements with current and former workers. The FTC will soon publish the proposed rule in the Federal Register, triggering a 60-day public comment […] More
