Senators Warner and Kennedy Introduce Bill to Expand SEC Powers to Assist Investors

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On March 14, 2019, Senators Mark Warner (D-Va.) and John Kennedy (R-La.), both members of the Senate Banking Committee, introduced the Securities Fraud Enforcement and Investor Compensation Act. This legislation would give the Securities and Exchange Commission power to seek restitution for retail investors harmed by securities fraud scams. In many cases, fraudulent investment schemes are not detected for many years. … Read More

Securities arbitration – Should you hire an attorney?

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Here is a well-written article, co-authored by FINRA and PIABA, about why investors who are considering securities arbitration should hire an attorney. Securities Arbitration – Should You Hire an Attorney? ***** The lawyers at Whiteman Law Firm have been representing investors in securities claims for over 30 years. We represent individuals and businesses who have suffered financial losses due to … Read More

FINRA will Seek to Ban Compensated Non-Attorney Representatives from Arbitrations

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Whiteman Law Firm supports action by FINRA to ban compensated non-attorney representatives (“NARs”) from representing parties in securities arbitrations. FINRA’s Board of Governors met on December 12 and 13 for its fourth quarter meeting. The Board approved filing with the SEC proposed amendments to the codes of arbitration and mediation procedure to prohibit compensated NARs from practicing in the FINRA … Read More