Keep up with the latest.

Stay up to date on what’s happening in the legal world and at DWMR.

YOUR FLSA PRIMER. PART 1- INTRODUCTION

Robert Linkin

By Robert Linkin | September 01, 2016

Complex Litigation

This is the first in a series of articles designed to explain the basics of the Fair Labor Standards Act (the “FLSA”), the rights of employees under the FLSA, and those areas which create a high risk of liability for employers, including issues of overtime pay and failure to report overtime correctly. This first article…

Read more

Recent FINRA/Texas State Securities Board Enforcement Actions

Robert Linkin

By Robert Linkin | August 05, 2016

Complex Litigation, Securities Litigation

Even with the frequency of enforcement actions slowing during the summer months, both FINRA and the Texas State Securities Board have brought or settled several significant enforcement actions against broker dealers, summarized below. Recent FINRA Enforcement Actions: FINRA Fines Prudential Annuities Distributors, Inc. $950,000 On July 19, 2016, FINRA announced it had fined Prudential Annuitites…

Read more

FINRA FINES AND SANCTIONS PLANO BROKER DEALER PTX SECURITIES IN CONNECTION WITH THE SALE OF OIL & GAS PRIVATE PLACEMENTS

Robert Linkin

By Robert Linkin | June 23, 2016

Complex Litigation, Securities Litigation

FINRA has censured PTX Securities, LLC of Plano, Texas for its failure to conduct due diligence regarding oil and gas private placement offerings, and specifically, for failing to investigate the impact of an adverse money judgment against the issuer of these securities. PTX derives the majority of its revenue from its role as a managing…

Read more

United Development Investment Fraud Likely to Lead to Investor Claims

Robert Linkin

By Robert Linkin | May 17, 2016

Complex Litigation, Securities Litigation

United Development Investment Fraud Likely to Lead to Investor Claims A series of independent broker-dealers, including IMS Securities, Inc., Berthel Fisher & Co. Financial Services, Inc., Centaurus Financial Inc., and VSR Financial Services, Inc. are likely to face an increasing number of investor arbitration claims in the coming months related to the United Development Funding…

Read more

METLIFE SECURITE FINED $25 MILLION BY FINRA FOR MISCONDUCT RELATED TO THE SALE OF VARIABLE ANNUITIES

Robert Linkin

By Robert Linkin | May 05, 2016

Complex Litigation, Securities Litigation

In a release dated Tuesday, May 2, 2016 FINRA announced it had fined MetLife Securities, Inc. $20 million dollars and ordered it to pay an additional $5 million dollars to customers of the firm in connection with repeated misrepresentations made by the company regarding variable annuity replacement applications. Typically the misrepresentations and omissions by MetLife…

Read more

Texas Investment Advisor Registration Revoked

Robert Linkin

By Robert Linkin | April 22, 2016

Complex Litigation, Securities Litigation

The Texas Securities Board has entered a Disciplinary Order revoking the registration of Dallas Investment Advisor Sarah Helen Hancock. Among other things, Hancock apparently withdrew grossly excessive amounts of money from clients’ accounts, and on at least one occasion, fraudulently misrepresented an account’s value to justify the amount she collected as management fees. Hancock’s registration was officially revoked…

Read more
More News

READY TO SEE WHAT WE CAN DO?

Duggins Wren Mann & Romero, LLP, is located in Austin, Texas. If you would like to learn more about our Firm, our professionals, or our ability to serve you, please contact us.

Get in Touch