Special Notice TEN-HUT BOARD MEMBERS AND MANAGERS! The Buzz is in the air… Becker’s Board Member Boot Camp is RIGHT AROUND THE CORNER! Join us on Tuesday, November 14, from 9:30AM – 3PM EST, at the Signature Grand, in Davie, Florida. Come prepared to be put through your paces by veteran community association attorneys, Donna […]
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Time for a Financial Check-Up
When did you last take a close look at your investment account statements, have a meaningful discussion with your financial advisor or broker, or reassess your investment goals and time horizon due to changing circumstances or major life events? These questions often slip our minds as we navigate our busy lives and process a constant […]
Read MoreBeckerNorth Newsletter – September 2021
In September’s newsletter, we cover the digital renaissance of the legal profession, which includes remote court appearances, mastering the art of e-discovery, and the role of computers and other electronic devices in litigation. We also consider options for employee retention during the Great Resignation, a time when 58% of workers ay they would “absolutely” look […]
Read MoreBecker Client Pays No Damages in $3.8M International Financial Transaction Claim
Becker recently achieved a resounding victory on behalf of our client – a U.S. corporation involved in the telecommunications business in Mexico – who had been sued by a former advisor seeking $3.8 million in success fees relating to a corporate financing. Becker litigators James Mahon, Robert Rabinowitz, and Sarah Klein navigated sophisticated international financial […]
Read MoreRobert Rabinowitz Weighs in on New SEC Marketing Guidelines
The SEC recently updated its rules on advertising and solicitation to – finally – reflect how contemporary advisors connect and communicate with their potential and existing clients. Becker Shareholder Robert Rabinowitz – who focuses his practice on providing legal and regulatory guidance to broker/dealers and investment advisers – offers insight into the new single rule, […]
Read MoreBeckerNorth Newsletter – July 2020
In July’s newsletter, we cover the opening of New Jersey public swimming pools, court orders and elections that are the subject of new regulations for common interest communities, new regulations for community tennis courts, and how an association can handle a forbearance if a homeowner can’t meet their obligations. We also recognize Community Association Shareholder […]
Read MoreOpening the Flood Gates
REQUIREMENTS FOR SWIMMING POOL OPENINGS IN NEW JERSEY EXECUTIVE ORDER 153 and DEPARTMENT OF HEALTH STANDARDS On June 9, Governor Murphy announced that public swimming pools, including community association pools, may open on June 22, 2020, provided compliance with all requirements to be set forth by the standards of the New Jersey Department of Health […]
Read MoreBecker Attorneys Win Dismissal of New Jersey Action on Jurisdictional Grounds
On April 30, 2020, a New Jersey state Superior Court judge dismissed with prejudice a complaint against a Mexican resort owner filed by a guest in connection with an incident that allegedly occurred at the resort. Becker attorneys Robert Rabinowitz and Sarah Klein represented the defendant in the case. The case was filed in New […]
Read MoreBeckerNorth Newsletter – April 2020
As you know, we have been frequently communicating to you during this period of crisis to offer our support and advice on the numerous issues confronting all of us. Fortunately, we have had the necessary infrastructure in place since the beginning, which has allowed us to continue to provide uninterrupted, high-level service to our clients […]
Read MoreAre You Playing Life Insurance Russian Roulette?
We devote this last investor tip of Investor Awareness Month to our clients and friends (and particularly their parents), who have purchased a life insurance policy over the past twenty to thirty years. Many people purchased a life insurance policy with the understanding that in the event of their demise, a Guaranteed tax-free sum of money […]
Read MoreCOVID-19 and FINRA Arbitrations – FINRA Announcement on Postponements
Due to COVID-19, the Financial Industry Regulatory Authority said Monday that it has postponed all in-person arbitration and mediation proceedings scheduled through July 3. Parties that have an in-person hearing or mediation session scheduled through this date will be contacted by FINRA staff to reschedule or discuss remote scheduling options. Previously, in-person proceedings were postponed […]
Read MoreIt Pays to Pay Attention to Your Brokerage Account Statements
FINRA, the financial industry regulatory authority, often reminds investors to review their brokerage account statements and trade confirmations—with good reason. Not only do these documents help you stay on top of your investment holdings, but they also provide valuable information that can alert you to errors, or even misconduct by your broker or brokerage firm […]
Read MoreFinancial Planning With Your Trusted Advisor
In 2017 various securities regulators and states enacted the “Trusted Contact” rule for senior investors, (defined as people over 65 years old), and other “specified adults” (defined as persons age 18 years or older who have a mental or physical impairment that rendered the individual unable to protect his or her own interests). This rule […]
Read MoreBorrowing from Retirement Accounts and 401(k) Plans During COVID-19 Economic Crisis
If you or your business has been adversely financially impacted by the COVID-19 pandemic and the associated economic downturn being experienced all across the globe, there may be some available relief. The recently enacted CARES Act revised some of the restrictions ordinarily in place on borrowing and making withdrawals from retirement plan accounts during the […]
Read More“FINRA Set To Revise Code of Arbitration Procedure To Preclude Non-Attorneys From Representing Parties in Arbitration Cases” – New York Law Journal
The Financial Industry Regulatory Authority (FINRA), which regulates brokerage firms and their associated persons in the United States, also sponsors the largest forum for securities dispute resolution in the country. A majority of brokerage firms today require their customers to enter into an agreement which, among other things, requires that customers who have a dispute […]
Read MoreRobert Rabinowitz Recognized as Among Monmouth County’s Top Lawyers
Congratulations to Robert I. Rabinowitz, who has been selected as one of Monmouth County’s Top Lawyers of 2019. For the second consecutive year, Robert is listed as among the top of his field in Securities Law. The annual listing is comprised of the region’s most prominent attorneys who are selected through peer review across more […]
Read MoreBecker Secures Punitive Damages on Behalf of Several Clients
Did you know Becker has secured punitive damages and attorneys’ fees under the New Jersey Consumer Fraud Act for several clients over the past two years? For those of you who don’t know, punitive damages are assessed to punish the defendant for outrageous conduct such as fraud, and are typically awarded only in very special […]
Read More“NJ Broker Found Guilty of Insider Trading,” ThinkAdvisor
Shareholder Robert Rabinowitz spoke to ThinkAdvisor regarding The Securities and Exchange Commission winning a jury trial in U.S. District Court, Atlanta against Raymond Pirello Jr. He was found guilty on all five SEC claims, last serving as a FINRA-registered broker for Garden State Securities in Red Bank, New Jersey. When asked if the firm Garden […]
Read MoreRobert Rabinowitz and Sarah Klein Successfully Oppose Motion for Summary Judgment
Robert Rabinowitz and Sarah Klein successfully opposed a motion for summary judgment in a regulatory proceeding on behalf of a securities broker who is facing a serious fraud charge in connection with activities as a bond trader. This victory will allow the case to proceed to a final hearing where the client will be permitted […]
Read MoreMonmouth County’s Top Lawyers 2018
Congratulations to Robert I. Rabinowitz, who has been selected as one of Monmouth County’s Top Lawyers of 2018. Robert is listed as among the top of his field in Securities Law. The annual listing is comprised of the region’s most prominent attorneys, selected through peer review, across more than 28 practice areas. A shareholder in […]
Read MoreCorporate Practice Group’s New Offering Provides Legal Defense for Broker Dealers and Registered Reps
Robert I. Rabinowitz Shareholder Corporate Practice Group Becker’s Broker/Dealer Gap Customer Arbitration Plan (“GCAP”) is a new practice area offering from the Corporate group. Spearheaded by Robert Rabinowitz, GCAP provides legal defense for Broker/Dealers and their Registered Representatives for customer arbitrations. The Plan is designed to supplement the Broker/Dealer’s E&O policy. Click here to learn […]
Read MoreBig Arbitration Victory on Behalf of Client of Becker & Poliakoff’s Corporate Group
Robert Rabinowitz and Sarah Klein of Becker & Poliakoff’s Corporate Law Practice Group scored a big win on behalf of one of their clients, a registered broker-dealer based in New York City. A former technology vendor sued our client for fees totaling $9.9 million alleging breach of a trading platform license agreement. The vendor claimed that our client owed license […]
Read MoreEx-officer with Woodbury Brokerage Firm Indicted in Fraudulent Investment Scheme, Feds Say
By Robert E. Kessler and Gary Dymski A Seaford man, formerly the chief compliance officer at a Woodbury brokerage firm, conspired to defraud investors of more than $500,000, federal prosecutors said Thursday. William Michael Quigley, ex-chief compliance officer of Trident Partners, a registered broker-dealer, is charged in a two-count indictment with conspiracy to commit wire […]
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