Monthly Archives: February 2014

Regulators to Review Member Firms Cybersecurity Vulnerabilities

By Tom Costello of Costello Law Group  The Financial Industry Regulatory Authority (FINRA) will be reviewing twenty member firms in the coming months to evaluate the measures in which they take in protecting themselves against cybersecurity threats. FINRA wants to assess what types of threats are most prevalent and where firms are most […]

Continue Reading

Philip Seymour Hoffman’s Outdated Estate Plan May Cost His Family Millions

By Tom Costello of Costello Law Group  According to an Investment News’ report, Philip Seymour Hoffman may have left his longtime companion and the mother of his three children, Marianne O’Donnell, with a large tax bill and outdated will. Under Hoffman’s will, which was filed with New York City Surrogate’s Court earlier this week, […]

Continue Reading

Regulators Keeping Close Eye on Alternatives and Complex Products

By Tom Costello of Costello Law Group Earlier this year, the Financial Industry Regulatory Authority (FINRA) issued their 2014 Regulatory and Examination Priorities letter which outlines their annual goals to assist investors. The letter also included a number of product concerns. Among those products were alternatives and complex structure products. Structured products have been on […]

Continue Reading

Beverly Hills Broker Bambi Holzer Barred From Securities Industry

By Tom Costello of Costello Law Group  In October 2013, Bambi Holzer, a Beverly Hills based broker to the rich and famous, was suspended from the financial industry after allegations of falsifying customer documents. Unfortunately for Holzer this was not her first time facing allegations of wrongdoing the Financial Industry Regulatory Authority (FINRA). […]

Continue Reading