News & Press

Brokers: Pay Attention to Reg BI Obligations

By Christopher D. Warren / June 22, 2022
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As a broker, if you were not aware of Regulation Best Interest (Reg BI) before, you certainly should be now. The SEC recently charged broker-dealer firm Western International Securities Inc. for violating Reg BI obligations after it sold over $13 million of L bonds to retirees and investors. The SEC complaint stated that the investors…

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Warren Law Group Sponsors Keith Hernandez Luncheon with Signature Bank

By Warren Law Group / June 20, 2022
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Warren Law Group had a wonderful time sponsoring Signature Bank‘s Luncheon with Keith Hernandez, former, renowned New York Mets first basemen. The event offered attendees the opportunity to network with one another, enjoy a delicious lunch, and listen to a speech given by Mr. Hernandez. His speech highlighted Keith Hernandez’s renowned career with the New York…

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Broker-Dealer Firms Must be Aware of SEC Regulatory Guidelines

By Warren Law Group / June 16, 2022
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Are you a broker-dealer or in the investment advisory business? If so, you should be aware of the SEC’s recent regulatory charges against Charles Schwab. The SEC charged three investment advisors affiliated with Schwab for failure to disclose that they were allocating client funds in a way that their own internal analyses showed would be…

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Warren Law Group Welcomes Four New Attorneys

By Warren Law Group / June 9, 2022
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Warren Law Group is pleased to welcome four new attorneys to the firm! C.A. Morrison is an experienced cannabis regulatory attorney and entrepreneur, having pioneered one of the first cannabis businesses and non-profits in Denver, Colorado, and will lead our cannabis, hemp, and CBD division at Warren Law Group. Before and during her tenure as…

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Updated Cannabis Regulations Released

By Christopher D. Warren / June 8, 2022
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Cannabis is officially legal in New York State, and with that comes various regulations that will require the help of an attorney. NYS marijuana regulators recently took another step towards creating a regulatory framework for cannabis by approving a series of proposed rules for packaging, labeling, advertising, and testing requirements. Some of these requirements include…

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Jon-Jorge Aras Gives Insight on SEC’s Meme Stock Warning Video

By Jon-Jorge Aras / June 6, 2022
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The SEC’s attack on meme stocks is far from over — the agency has released a video warning investors of meme stocks, with a message intended to educate investors on responsible trading. The YouTube video has left many investors feeling that the SEC does not have their best interest in mind. Many profited off of…

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First Case of Insider Trading Within the NFT Industry

By David Rosenfield / June 3, 2022
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The DOJ has charged Nathaniel Chastain, a former product manager at Ozone Networks, Inc. d/b/a OpenSea (“OpenSea”), a non-fungible token marketplace, with wire fraud and money laundering, in connection with a scheme to commit insider trading involving NFT’s. The defendant used confidential, OpenSeal information regarding which NFT’s were going to be featured on its homepage.  David…

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FINRA Expresses Concerns Regarding Expungement Process

By Christopher D. Warren / May 24, 2022
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FINRA recently released a statement highlighting its concerns about the current expungement process, with reforms expected to come this year. FINRA addressed its concerns regarding expungement reform in 2020 after submitting a plan to create a roster of specially trained arbitrators; however, FINRA withdrew this request last year.  According to FINRA, the new proposal will be…

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Man Charged with Fraud for Role in $59 Million Crypto Scheme

By Christopher D. Warren / May 23, 2022
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A New York man was charged with fraud for his role in scamming investors out of $59 million in a crypto investment scheme. The defendant, Eddy Alexandre used the investors’ money to contribute to his own bank account, and spent their money on personal items such as a $175,000 luxury vehicle. Christopher Warren, Managing Partner…

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