Straight Talk

The purpose of this blog is to provide education and news that will help clients through the litigation process.

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The Securities and Exchange Commission (SEC) recently fined 13 financial firms for selling risky Puerto Rican bonds to retail clients beneath the minimum allotment of $100,000 for a single transaction. To shut out small investors and protect those who may not be able to withstand large losses on risky offerings, the SEC mandates that municipal [...] Read More
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Indiana Pork is committed to supporting the over 3,000 Indiana pork farmers and their families. Each year they host a meeting to provide updates on the industry, elect new board members, recognize members and share important information that affects pork farmers in Indiana and nationwide. This year, the meeting will be held on Tuesday, February [...] Read More
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A widely accepted reality of the financial industry is that management typically turns a blind eye to potential indiscretions of star brokers -- the top 1 percent. This is to avoid antagonizing the agents who bring in humungous amounts of money in fees and commissions. But big producers are now facing tough questions from regulators [...] Read More
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Examiners with the Securities and Exchange Commission (SEC) are poring over much more data from advisory firms, and are able to use predictive analytics to identify warning signs of a likely violation. This was the essence of a speech given by John Walsh, a partner with Sutherland, Asbill & Brennan, at a recent Schwab Impact [...] Read More
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Former Ameriprise Financial Inc. adviser Susan Walker recently pleaded guilty to defrauding 24 clients of $980,000. Walker used the money to pay for personal expenses, including vacations and private school tuition. The U.S. Attorney's Office for the District of Minnesota reported that the alleged incidents occurred between 2008 and 2013. According to the complaint filed [...] Read More
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The following article was recently published in the November issue of “Top Producer” magazine: Develop a Succession Plan Toolbox A comprehensive succession plan gives your farm the best chance of surviving for future generations, notes Polly Dobbs, an attorney at Starr Austen and Miller in Logansport, Ind. There isn’t a cookie-cutter approach to estate planning, [...] Read More
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You may dream of someday passing down your family farm and your legacy to the next generation, but are you taking the necessary steps to prepare for that handoff? When it comes to successful succession planning, you do need more than a will – there are other important documents you must consider and open, ongoing [...] Read More
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With a record number of actions taken and fines levied, the Securities and Exchange Commission (SEC) experienced its most prolific year for enforcement in 2014, thanks to new investigative methods and innovative technology. According to the SEC’s preliminary figures, the agency filed 755 enforcement actions and obtained orders totaling $4.16 billion in disgorgement and penalties [...] Read More
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The Securities and Exchange Commission (SEC) recently charged Judy Wolf, a former compliance officer at Wells Fargo Advisors, for improperly altering a document. The SEC alleges that Wolf altered a document before it was provided to the SEC during its investigation into a former broker’s inside trading. Wells broker, Waldyr Da Silva Prado Neto, allegedly [...] Read More
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December 2-3, 2014 The Farm Journal Legacy Project will be hosting their annual Conference on December 2-3 in Kansas City, MO, offering farming families an opportunity to dive deep into the logistics of creating a sound succession plan. Several experts, including attorney Polly Dobbs, will provide information, insight and answer questions about how to take [...] Read More