Labor & Employment Law

Governor Crist signs Investor Protection Bill into law to protect Floridians

Posted on July 01, 2009
It's a new dawn. It's a new day and investors in Florida should be feeling good. Florida Governor Charlie Crist signed House Bill 483 into law on Monday, which adds protections for Securities investors today, designed to protect securities investors from Bernie Madoff type ponzi schemes...

Interesting Perspective on Arbitration measures for Securities Issues

Posted on June 25, 2009
Today, I came across an interesting article from Bloomberg News on the Arbitration debate over financial investments. It was a Commentary written by Bloomberg News Columnist Susan Antilla entitled "Obama Fails to End Kangaroo Courts for Investors". In the article, Susan highlights the following statement from President Obama: The Securities and Exchange Commission ?should study the use of mandatory arbitration clauses in investor contracts,? and then pursue legislation if appropriate, At the end of the Commentary, she adds: That argument is more bogus today than ever, because cases increasingly involve the mass-marketing of financial products by multiple brokerage firms...

Five Tips Widows can use for Financial Guidance and Respect from Financial Advisors

Posted on June 25, 2009
It is safe to say that after losing a loved one, a widow has a lot on their plate, However, this loss does not mean that Financial Advisors can ignore them or mismanage their account. A recent study by Allianz Life found that About 44% of widows are inclined to obtain financial advice in new ways, and that 70% of those using financial advisers considered firing their advisers in the first three years after their husbands' deaths...

Attorney Marc Dobin speaks on Regulation 151A on Webinar for West Legal Works

Posted on June 24, 2009
Financial Services Division Director, Attorney Marc Dobin will be a presenter for West Legal Works on the topic of "Update on SEC Regulation 151A" for a Webinar being held on June 25th, 2009 at 12pm, EST. This Webinar is a Live Webcast presented by West Legal Works, on the following area: Description: On December 17, 2008, the SEC approved Rule 151A, which will regulate equity indexed annuities as securities...

To access this complete feed in the blog feed reader login or register for free.

Florida Judge orders former CEO to pay $9.95 Million for Penny Stock fraud

Posted on June 22, 2009
A Florida Judge orderered former Pinnacle Business Management, Inc Chairman, Jeffrey G. Turrino to pay $9.95 Million and permanently banned him from Penny Stock Offerings. The Securities and Exchange Commission announced that, Judge Elizabeth A. Kovachevich, United States District Judge for the Middle District of Florida, entered an order of civil contempt against defendant Jeffrey G...

Allen Stanford charged with stealing Billions from Investors

Posted on June 19, 2009
Allen Stanford, Chairman of Stanford Group holdings, surrendered to authorities yesterday, will be officially charged by SEC today in Court. He is accused of stealing over $8 billion from investors. According to Bloomberg News and The Washington Post, The SEC lawsuit indicates in its compmplaint that Stanford International Bank misled investors by touting "improbable, if not impossible" returns for investments...

Investor Protection Educational series for Seniors is launched by FINRA

Posted on June 16, 2009
Today, marks a milestone in the life of The Law Planet Blog. This is our 100th Post our Blog covering Securities, Stock Fraud and Employment/LaBor Law issues. It is also a great day for Senior Investors. A series of Grasssroots campaigns will be launched in Florida, Colorado, Vermont, North Carolina, and Washington state to protect seniors from investment fraud...

Fund Manager defrauds Investors out of $6 million

Posted on June 12, 2009
The truth will always come out. This is a hard lesson that Fund Manager, Matthew D. Weitzman, just recently learned. He has been charged with investment adviser fraud, securities fraud, and wire fraud. If convicted he faces up to a maximum of 15 years imprisonment and over $5 million in fines...

Aura Financial Services charged by SEC with Churning

Posted on June 12, 2009
The SEC announced today that it, along with Alabama Securities Commission has charged Aura Financial Services with ?rampant? churning of customer accounts, ?widespread? supervisory failures and other securities violations. This is stunning. It is rare that an entire firm is charged with churning...

Countrywide Executives must face the music for deception and fraud

Posted on June 10, 2009
Countrywide executives must face the music for deception and fraud as the Securities and Exchange Commission (SEC) has brought charges against the former Chief Executive Officer (CEO) Angelo Mozilo and two executives for allegedly hiding financial difficulties which led to the company's collapse from the subprime mortgage crisis...

Starbucks wins on appeal - $100 million tip sharing verdict reversed

Posted on June 10, 2009
Starbucks corp has 100 million reasons to smile. The cas in question is Chau V Starbucks Inc. (D053491 (Super. Ct. GIC836925)) The California Appeals Court recently ruled that San Diego County Superior Court Judge Patricia Cowett's decision to award baristas $86 million in restitution plus about $20 million in interest was was not based properly...

Four Simple Things all Investors can do to protect against stock fraud

Posted on June 08, 2009
As we speak to Clients and give Seminars we are constantly asked "How can an investor preotect themselves against Stock Fraud?" Here are a few points that anyone can remember. Please feel free to share them with loved ones that are consistent investors...

Marc Dobin comments on FINRA Arbitration Claims

Posted on June 08, 2009
Attorney Marc Dobin, Partner and Director of the Financial Services Divsion, LaBovick & LaBovick, P.A., was quoted in the May 2009 issue of Financial Advisor Magazine in the article, FINRA Arbitration Claims. The Financial Industry Regulatory Authority (FINRA) is seeing a sharp rise in the number of arbitration claims filed by irate investors seeking compensation from the securities industry for steep losses during the market downturn...

Free Community Lunch and Learn Seminars for Victims of Stockbroker fraud in Palm Beach County

Posted on May 29, 2009
LaBovick & LaBovick is pleased to announce FREE Community Lunch and Learn Seminars from the Financial Services Division. The Seminars will be conducted by Attorney Marc S. Dobin in Palm Beach County on June 8th and June 15th. The Lunch and Learn Seminars will kick off in North Palm Beach County and South Palm Beach County in June...

The cool thing about being a lawyer

Posted on May 27, 2009
Several years ago, my kids asked me what I ?do?. They see the great computers, the phones, and all the other accoutrements of a successful law practice, but they wondered if I did anything other than surf the Internet during the day. I told them that I try to help people with their problems...

My time as a Jail Bird for MDA

Posted on May 21, 2009
I was honored to serve my time as an MDA jailbird. After one hour behind bars, I was let go on probationary release and I still need your help to be set free! I?m trying to reach my goal of $3,200 and anything you can donate will help get me there. Your donation toward my bail will not only help set me free, but will also help many children and adults in Palm Beach County with muscle diseases by adding vital funds to MDA?s research efforts...

Marc Dobin gets locked up and taken away for MDA Lock Up 2009

Posted on May 20, 2009
Today, Attorney Marc Dobin was locked up and taken away as a part of the MDA Lock UP 2009. Marc Dobin agreed to be "arrested" for having a big heart in the fun, MDA Lock-Up. This unique community-wide event raises funds for Jerry's kids. He needs to raise bail of $3200 by to be set free...

Steps Investors can take to protect against Fraud

Posted on May 07, 2009
It is estimated that Americans have lost nearly 40% of their net worth. Many people are wondering what they can do to protect themselves when they first start investing. Then they are asking what to do after they feel they've been poorly treated by their stockbroker...

Earth Day and "From the Courtroom_The Law Planet" Podcast

Posted on April 23, 2009
In today's edition of the podcast "From the Courtroom_ The Law Planet" , Attorney Marc S. Dobin discusses Earth Day 2009 and outlines simple steps companies can take to become more environmentally friendly in the work place. If you have any questions or comments regarding today's edition of the podcast "From the Courtroom_The Law Planet", please email: Podcast@LaBovick...

Earth Day and steps to be eco friendly at work - Podcast

Posted on April 23, 2009
In today's edition of the podcast "From the Courtroom_ The Law Planet", Attorney Marc S. Dobin discusses Earth Day 2009 and outlines simple steps to become more environmentally friendly in the workplace. If you have any questions or comments regarding today's edition of the podcast "From the Courtroom_The Law Planet", please email: Podcast@LaBovick...

Fraudsters Pray With Their Victims, Then Prey on Them

Posted on April 20, 2009
Yet another financial fraud has been unearthed as part of the bloodletting of 2008/2009. As reported in Investment News, seven members of a church in Queens, New York, defrauded fellow church-goers of more than $12 million. The accused fraudsters were leaders in the church...

Up Front Bonus Loans and Laid Off Brokers

Posted on April 17, 2009
Any broker who has moved from one firm to another has heard about, or received, them. They go by various names - Transitional Compensation, Employee Forgivable Loan, and Recruiting Bonus are among the names given to these payments. Essentially, the brokerage firms are hiring experienced brokers and "loaning" the broker money to ease the transition between firms...

Arbitration and Investors - From the Courtroom Podcast

Posted on April 16, 2009
In today's edition of "From the Courtroom", Attorney Marc Dobin discusses how Arbitration can help Investors in an Investor dispute with a Broker .

Broker Commissions may save the day for Stanford Ponzi Scheme Investors

Posted on April 15, 2009
Should brokers be able to keep profits from the alleged $8billion investment Ponzi scheme ran by Texan billionaire Sir Allen Stanford? If the Court appointed Receiver, Ralph Janvey, has anything to do with it, this will not be the case. Janvey is seeking the return of the large commissions, bonuses, and other compensation paid by Sir Allen?s company for the sell of certificates of deposit, to 66 Financial advisers...

Investors left out in the cold by Ponzi Schemes

Posted on April 13, 2009
Why should investors have to wait so long to find justice after losing large amounts of dollars in Ponzi Schemes like Bernie Madoff or Michael Riolo? According to a recent Sun Sentinel article on South Florida investors hurt in Ponzi schemes by Vanessa Blum, the search for assets is a major stumbling block...

How to avoid a Ponzi Scheme

Posted on April 13, 2009
Director of Financial Services Division, Attorney Marc Dobin discusses Ponzi schemes and how to avoid them

NY Attorney General sues J. Ezra Merkin over $2.4 billion investor losses in Madoff Ponzi Scheme

Posted on April 07, 2009
"Glaring Red Flags and Returns to good to be true", should have alerted Mr. J. Ezra Merkin to the Madoff Ponzi scheme according to New York Attorney General Andrew Cuomo. He is bringing the suit against Merkin because of his actions and reckless disregard regarding unsuspecting investors losing $2...

Welcome to LaBovick & LaBovick, P.A. family of Blogs

Posted on March 31, 2009
Dear Law Planet Blog Readers, Welcome to LaBovick & LaBovick, P.A. We are delighted to incorporate The Law Planet Blog into our family of law blogs. This new addition, comes as a result of Attorney Marc S. Dobin joining LaBovick & LaBovick, P.A. as Partner and Director of our Financial Services Division...

Big Changes for The Law Planet

Posted on March 27, 2009
Today is the last day of The Law Planet as it has existed for the last two years. Starting March 30, I will be an attorney with Labovick & Labovick, P.A. starting up that firm's Financial Services Department. I will continue posting on the new and improved Law Planet...

I Love Dilbert! A New Form of Insult

Posted on March 25, 2009
Dilbert is always on top of things. I read this panel this morning and it made me laugh. Scott Adams, the strip's creator, is a genius. That's the fiduciary view from The Law Planet, Jupiter, Florida.

Bloggers, promote your law blog by nominating your blog for inclusion in USLaw.com's Law Blog Directory and RSS Reader. Benefits described.