FinRep

As part of NYMAGIC®'s commitment to customer service, we maintain this blog with posts relevant to broker-dealers, registered representatives, investment advisors and other financial professionals. FinRep is a product the professional liability group at NYMAGIC®.

Finra arbitrations way up

Finra arbitration filings were up 43% in 2009, lead by breach of fiduciary duty claims.

FINRA's guide to blogging and e-communications

FINRA has put out a guide to compliance requirements and potential liabilities when using the Internet and electronic communications.

Deference given to ERISA plan administrators' decisions

The Court will soon hear arguments about the deference that should be given to ERISA plan administrators...

New regulatory scheme for OTC derivatives?

A new regulatory scheme may be in the work for over-the-counter derivatives, if the Treasury gets proposed legislation through Congress.

Forbes's Suggestion on Using a Financial Advisor

An article in this week's Forbes magazine suggests that, to help avoid "old-fashioned embezzlement or a Madoff-style scam"...

Knowledge by Investment Advisor is Needed to Prove Fraud in Investment into Failed Fund

The New York Law Journal summarized a recent opinion in a case involving the collapse of hedge fund Bayou Accredited...