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Regulators’ $200 Million Fine Against JPMorgan Signals Aggressive Campaign to Enforce Electronic Communication Policies and Procedures
On December 17, 2021, the Securities and Exchange Commission issued an Order against J.P. Morgan Securities LLC, fining it $125 million for the unapproved use of WhatsApp, text message and personal email communications by JPMorgan employees. See SEC Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act […] More
Comprehensive Insurance Disclosure Act Greatly Expands Defendants’ Obligations for Disclosure of Insurance Information under the CPLR
On December 31, 2021, New York Governor Kathy Hochul signed the Comprehensive Insurance Disclosure Act (the “Act”) into law. The Act modifies CPLR § 3101(f) and requires that insurance disclosures now be accompanied a sworn certification from both the defendant and defendant’s counsel under new CPLR section 3122-b. Previously, CPLR § 3101(f) provided that a […] More
WSSLLP’s Philadelphia Office Obtains Arbitration Award Recommending the Expungement of Five Customer Complaints from Client’s Broker-Check Report
Our client was the subject of five separate customer complaints which were disclosed on his publicly available FINRA broker-check report. These complaints were primarily caused by the overall market downturn from 2009. The complaints involved annuities and alternative investments, such as Real Estate Investment Trusts. Some of the claims were settled and some of the […] More
Law360 Covers WSS New York Office’s Dismissal Of Putative Class-Action Against Insurer
On December 13, 2021, Law360 profiled the Hon. Denise L. Cote’s recent decision, granting Winget, Spadafora & Schwartzberg LLP’s Fed. R. Civ. P. 12(b)(6) motion to dismiss a civil action before the United States District Court for the Southern District of New York, captioned Tessa Knox et al. v. Ironshore Indemnity Inc. (Case No.: 1:21-cv-06321-DLC). […] More
WSSLLP’s Colorado Office Wins Rare FINRA Rule 12206 Eligibility Motion Dismissing Arbitration of Claims Related to GPB
On October 26, 2021, a three-member FINRA Panel issued a decision in favor of WSS’ client, an independent broker dealer, in an arbitration brought by a former customer seeking damages in connection with the purchase of several alternative investments including GPB Capital Investments and American Realty Capital Trust. The Panel found that the case was […] More
Daniel P. Quinlan has been selected to the 2021 Connecticut Rising Stars list
Daniel P. Quinlan has been selected to the 2021 Connecticut Rising Stars list. Each year, no more than 2.5 percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor. More
