Investors are still watching which way the market is ready to turn after yesterday’s 600-point drop in the Dow Jones Industrial average, the biggest one-day drop in over two months. While world markets appeared to be reacting to the prospect of loan defaults by the Evergrande Group – China’s second…
A Cum Laude graduate alumni of New York Law School, Jenice L. Malecki, Esq., has taken on a mentor and adjunct professorial role as a professor in the Securities Arbitration Seminar and Field Placement. While at New York Law School, Professor Malecki was a member of the International Law Journal…
Being a financial professional – i.e., a registered representative (RR) – regulated by the Financial Industry Regulatory Authority (FINRA) is not easy. When misconduct is alleged against the RR in a complaint to FINRA, whether brought by a customer or the employing brokerage firm, the system that is set up…
Yesterday, the Securities and Exchange Commission (SEC) granted a whistleblower represented by Malecki Law the maximum-allowable award of 30% of whatever the agency recovers in connection with its 2018 action and investment fraud charges against Sandy J. Masselli Jr., Carlyle Gaming & Entertainment Ltd., and other associated entities. The alleged…
Malecki Law is currently investigating allegations regarding a Ponzi scheme targeted by several regulators, including the Commodity Futures Trading Commission (CFTC), which filed a civil enforcement action against Avinash Singh and nine others, including Daniel Cologero and Randy Rosseau, who reside in Florida, and Hemraj Singh, from New Jersey, concerning…
Many clients are asking whether FINRA arbitration claims can be brought against a bank and/or its employees for losses sustained in their investment accounts. The answer is yes. There are more than 5,000 commercial banks in the United States. Along with traditional banking services, many of these banks also provide…
Many clients are asking, “can my arbitration hearing be done online by video?” The answer is yes. FINRA allows for remote hearing services, via Zoom and teleconference, to parties in all cases. In arbitration, all parties can agree as to almost anything and FINRA will allow it – such as…
U.S. oil prices have been on a roller coaster ride over the last few weeks, at one point dropping below $0 for the first time in history to -$37.63 a barrel. Oil has since rebounded from its subzero levels, but it remains questionable as to whether it can stay there. …
As we have been saying in this space for many years, getting a Rule 8210 Notice from FINRA can be a jarring event. If you have received an 8210 notice, you should take it seriously, as well as immediate steps to develop your best course of action to comply with…
In March 2020 Oil prices had their worst day since 1991, plunging to multi-year lows. Tensions between Russia and Saudi Arabia and OPEC’s failure to strike a deal were escalated by the global economic slowdown spurred by COVID-19 resulting in oil’s worst day since 1991. With oil’s and the energy…