This article is part of an occasional series on specific rules and regulations governing financial professions. It is also the second in a multi-part analysis of FINRA Rule 3270. Part II will analyze portions of the rule’s text that were not discussed in Part I, examine the content required for a notice under 3270 and …
Tag Archives: litigation
Regulatory Analysis: FINRA Rule 3270 – Disclosure of Outside Business (Part I)
This article is part of an occasional series on specific rules and regulations governing financial professions. It is also the first in a multi-part analysis of FINRA Rule 3270. Part II is available here. THE RULE FINRA Rule 3270 – Outside Business Activity of Registered Persons No registered person may be an employee, independent contractor, …
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The Nature and Extent of Arbitral Immunity
While the COVID-19 pandemic has shuttered much of the country’s judicial machinery, courts have released opinions on matters argued prior to the stoppage. Two recent federal court opinions – Cherdak, out of the D.C. District[1] and Lanza, decided by the First Circuit[2] – touched on an issue with relevance to financial professionals: arbitral immunity. This …
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Youth Soccer Clubs’ Lawsuit: The Challenge of Certifying Defendant Classes
NOTE: This article has been modified from an earlier version, published in August 2016. In a March 29, 2017 order, the United States District Court for the Eastern District of Texas dismissed the featured lawsuit on jurisdictional grounds. Nonetheless, the ruling does not change the article’s analysis of defendant class certification. In July 2016, the …
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Terry Brennan Law 