Defend Trade Secrets Act Signed into Law by President Obama
- June 22, 2016
- William Heyman
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Up until about a month ago, trade secret law was dominated by state laws and state courts. The rights a company had to pursue damages and protect misappropriated intellectual property due to the theft of trade secrets was largely limited…
Broker Dealers are Prohibited from Preventing Customers from Following a Financial Advisor after his/her Departure for Greener Pastures
- June 20, 2016
- William Heyman
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I’ve counseled hundreds of registered reps who, for one reason or another, have decided to leave their current broker dealer and move to a new platform. Of course, they want “their” clients to move with them. And usually, the firms…
Consumer Financial Protection Bureau Issues Draft Rule on Bank Arbitration Clauses
- May 31, 2016
- William Heyman
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Media outlets like the New York Times have long called attention to the increasingly widespread practice of the use of arbitration clauses in contracts and agreements with businesses. In an October 31, 2015, Times article the author noted that even…
METLIFE to Pay Record FINRA Fine Due to Annuity Practices
- May 26, 2016
- William Heyman
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FINRA (Financial Industry Regulatory Authority) is Wall Street’s industry-funded watchdog. FINRA engages in a range of activities including oversight and enforcement activities, drafting rules and guidance, and providing education and training. The organization also provides an investor compliance center where…
Department of Labor Amends Final Fiduciary Rule in Attempt to Address Industry Worries
- May 24, 2016
- William Heyman
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Many federal agencies have, at times, been characterized as less than business-friendly in its approach to issues. In fact, the unveiling of a higher fiduciary standard back in 2010 resulted in intense and, at times, vociferous opposition that led to…
EEOC Lawsuits Over Sexual Discrimination May Portend a Shift in Federal Anti-Discrimination Law
- March 11, 2016
- William Heyman
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Aside from the federal floor on prohibited workplace conduct set by provisions of the Civil Rights Act of 1964 and the courts’ interpretations of these laws, some states have also enacted higher standards including additional classes and additional types of…
Businesses Must Understand the Unfair Competition Causes of Actions Available to Consumers in Maryland
- March 10, 2016
- William Heyman
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Unfair competition laws are intended to ensure that consumers who enter into a business deal receive the benefit of the bargain they were promised. The consumer protection and unfair competition laws apply to all industries including financial, healthcare, and even…
Lessons and Insights from FINRA Arbitration Task Force Final Report
- March 9, 2016
- William Heyman
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The Financial Industry Regulatory Authority’s (FINRA) Dispute Resolution division provides a forum where issues affecting brokers and securities can be heard in a neutral forum. FINRA handles the vast majority of securities-related arbitrations and mediations in the United States hearing…
What Can I Do If a Competitor Has Misappropriated My Company’s Confidential Information?
- March 8, 2016
- William Heyman
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Businesses and corporations invest significant sums to develop processes, procedures, and an array of practices to stay a step ahead of competitors. By investing in how the business functions and operates, companies attempt to secure a competitive advantage that can…
Ruthless: How Enraged Investors Reclaimed Their Investments and Beat Wall Street
- August 11, 2015
- William Heyman
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William Heyman was featured in the book “Ruthless: How Enraged Investors Reclaimed Their Investments and Beat Wall Street”. If you would like to read the section of this book please click here.