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FINRA Issues Interpretation on Net Capital and Backstop Agreements

05.10.2019

Although the utilization by FINRA broker-dealer members firms of “backstop” agreements is fairly common, and have been issued for years, the regulatory underpinnings for their use and the effect on net capital has never been clear.  Counsel, investment bankers, compliance officers, and FINOPS have struggled to cite a true regulatory […]

Areas of Focus: Corporate, Regulatory & Securities Litigation

“The Subrogation Situation” – FCAP Managers Report

05.10.2019

With increasing frequency, insurance companies that provide unit owner insurance are suing community associations to recover payments made to the unit owner that are related to water leaks in the unit. The problem with these lawsuits is two-fold. First, the insurance companies are waiting years to bring them, although still […]

Areas of Focus: Condo, Co-Op & HOA, Property Insurance Claims, Premises Liability

Legislative Update: 2019 Session – Week 9

05.07.2019
Ellyn Setnor BogdanoffBernie FriedmanJosé K. FuentesYolanda Cash JacksonNicholas G. Matthews

Week 9: April 29 – May 3, 2019 Emergency Services: The Governor approved SB 426, Firefighters, sponsored by Senator Flores. The bill grants certain benefits to a firefighter upon receiving a diagnosis of cancer if certain conditions are met, and requires an employer to make certain disability payments to a […]

Areas of Focus: Government Law & Lobbying, Federal Lobbying, Disaster Recovery