Judicial Term Limits Are a Bad Idea for Florida
The Business Trial Group joins The Florida Bar in opposing a proposed constitutional amendment that would make Florida the first state in the country to impose term limits for appellate and Supreme Court judges. We believe that the new judicial limits would undermine the quality and independence of the judiciary, and that they are being [...]
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FINRA Takes Aim at Senior Investor Financial Exploitation
The Financial Industry Regulatory Authority (FINRA) is taking new steps to address a longstanding problem: the financial exploitation of seniors. U.S. residents aged 65 and over control a large share of the country’s total investable assets. Senior investors’ wealth, among other factors, makes them a target for financial abuse and exploitation. But surprisingly, knowledgeable investors [...]
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SEC Warns About Deceptive Marijuana-Related Investments
As a growing number of states legalize marijuana for medicinal and recreational purposes, the “green gold rush” is luring investors with the promise of high returns. Fraudsters are manipulating some marijuana stocks A recent Securities and Exchange Commission (SEC) complaint against a marijuana company, however, highlights the potential risks involving investments in marijuana-related companies. Have [...]
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Judge Upholds Fiduciary Rule that Benefits Retirement Investors
The concept that financial advisers should put their clients’ financial interests above their own doesn’t seem very controversial, but the financial industry has fought back against a Department of Labor fiduciary rule that would codify a stronger standard of care owed to retirement account investors by their advisers. The rule protects investors against conflicted investments [...]
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