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Through a peer-reviewed nomination process, Manhattan and New Jersey attorney is recognized as a 2020 New Jersey Super Lawyer® (Employment and Labor). Englewood Cliffs, NJ — Attorney David S. Rich has been selected as a 2020 New Jersey Super Lawyer® (Employment and Labor). Super Lawyers uses a patented, multi-step nomination process that involves peer review and independent research to assess…Read More
On May 13, 2019, after a four-day hearing, an arbitration panel of the Financial Industry Regulatory Authority, Inc. (“FINRA”), sitting in Chicago, Illinois, held that a claimant broker who won a FINRA arbitration seeking expungement from the broker’s Form U-5 (Uniform Termination Notice for Securities Industry Registration) filed by the broker’s respondent ex-employer upon the broker’s termination, of specified employment-related information…Read More
How And Why Brokerage Firms Disparage Brokers On The Brokers’ Form U-5s Form U-5 (Uniform Termination Notice for Securities Industry Registration) is a form that, within 30 days, brokerage firms must complete and file with securities regulators to report the termination of a broker’s employment. On Form U-5, the brokerage firm must report the reason for the broker’s termination and…Read More
A dispute that brokerage firms frequently arbitrate, before FINRA, against brokers concerns “transitional compensation” payments to brokers whom the firms have fired within a predetermined period of time. Such disputes are promissory notes, up-front bonuses, recruiting bonuses, forgivable loans, or forgivable employee loan (“EFL”) cases. It is difficult, but by no means impossible, for a broker whose brokerage firm has harmed…Read More
FINRA Declines To Fine, Suspend Or Expel Investment Banking Associate In Manhattan Who Repeatedly Doctored Expense Receipts Recently, I was approached by a former investment banking associate (“the former associate,” “the ex-associate,” “my former associate client, or “my ex-associate client”) who, over two years after she quit her employment with a brokerage firm in the borough of Manhattan and began…Read More
Through a peer-reviewed nomination process, Manhattan and New Jersey attorney is recognized as a 2019 New Jersey Super Lawyer® (Employment and Labor). Englewood Cliffs, NJ — Attorney David S. Rich has been selected as a 2019 New Jersey Super Lawyer® (Employment and Labor). Super Lawyers uses a patented, multi-step nomination process that involves peer review and independent research to assess nominees. No…Read More
On November 16, 2018, Manhattan, NY Local Laws 185 and 186 of 2018 (“Local Laws 185 and 186” or the “new Laws”) became law. Effective March 18, 2019, the new Laws require employers in Manhattan, NYC with four or more employees (i) to provide, to their employees, a private room in which employees may express breast milk (a “lactation room”) and (ii) to develop,…Read More
Your company in Manhattan, NY, in paying wages to its employees, must comply with both New York State and federal wage-and-hour laws. Your business’s wage-and-hour practices are financially important. Your company’s compliance with state and federal wage-and-hour laws in compensating employees is particularly monetarily significant with regard to employee classification, including: Exempt versus non-exempt status for purposes of eligibility for overtime pay;…Read More
Highly paid salespersons on Wall Street typically are paid a substantial percentage of their yearly compensation in commissions. A commission is compensation based on a percentage of the dollar amount of the salesperson’s orders or sales. If you would like more information, contact our Manhattan, NYC Unpaid Commissions Lawyer for help. Under state and federal law, the failure of your…Read More
Periodically, your business in Manhattan, NY will want or need to terminate a worker’s or workers’ employment. Beginning well before such terminations, and throughout the working relationship, your company in Manhattan must manage workers’ performance and misconduct in a manner that is likely to lessen the risk of lawsuits for wrongful termination. So, too, your business in Manhattan must address employees’ performance and…Read More