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SEC Approves Changes to FINRA Expungement Rules
On April 12, 2023, the Securities and Exchange Commission approved changes to FINRA’s expungement rules that will make the process more challenging for Associated Persons to seek expungement. Although the Commission approved these changes, FINRA has not yet announced when the new expungement rules will go into effect. Currently, FINRA Rule 2080 governs FINRA’s expungement […] More
WSS’s Philadelphia Office Prevails on Motion for Judgment on the Pleadings on behalf of Insurance Broker in Westmoreland County Court of Common Pleas
Winget, Spadafora & Schwartzberg LLP’s Philadelphia, Pennsylvania office successfully secured a judgment on the pleadings in the Westmoreland County Court of Common Pleas. The Order successfully resolved all claims brought against WSS’s client relating to the alleged theft by one of its employees. The complaint alleged that an employee of WSS’s client, an insurance broker, […] More
WSS Florida Team Prevail in FINRA Arbitration Regarding ARC Hospitality
Benjamin J. Biard, Esq. and Zachary S. Knoblock, Esq. of Winget, Spadafora & Schwartzberg, LLP’s Florida office received a full defense award in favor of the firm’s brokerage firm client related to ARC Hospitality Investors Trust (HIT). The customer in the proceeding alleged that the brokerage firm failed to conduct a proper due diligence review of […] More
Christina M. Rieker to co-chair Women in Insurance Leadership ExecuSummit
Christina M. Rieker will co-chair the 6th Annual Women in Insurance Leadership ExecuSummit, March 14 & 15, 2023 at the Mohegan Sun Hotel & Convention Center, Uncasville, CT. In addition to co-chairing, Christina is moderating a panel entitled, “Where Have All the Employees Gone” discussing ways to keep employees engaged and satisfied in the age […] More
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
