Author Archive: Brian Sanchez

LETTERS – unions should not work with fracking firms and the cops

Protesters march through Manchester against the Barton Moss fracking site in 2014

Protesters march through Manchester against the Barton Moss fracking site in 2014 (Pic: Mark Krantz)

It was shocking to see the GMB union calling for police and judges to take a “firmer line” against people protesting against fracking.

Many of the GMB’s own members oppose fracking and were involved in these protests.

It was especially disgraceful given what we know about the levels of violence used by the police.

I was part of writing a paper on policing during protests at the Barton Moss fracking site near Manchester between November 2013 and April 2014.

Our paper detailed how the policing wasn’t just violent, there were mass arbitrary arrests of nearly 200 people and a campaign of intimidation against protesters.

Protesters also talked about police officers using sexualised violence, such as groping women.

We’ve seen similar things again from research at the Preston New Road fracking site in Lancashire.

On these protests, the police have been using the Trade Union and Labour Relations (Consolidation) Act 1992 to arrest people for “watching and besetting”.

The GMB’s statement says that police must “protect the rights of all those going about their lawful business”. That’s what the law is officially about, but that’s used against the right to picket and organise.

With its statement, the GMB is promoting its use in clamping down on protest. It’s appalling to see the union involved in doing the bidding of energy companies.

Union members don’t benefit from fracking. The firms who’ve destroyed land and pit workers against local people do.

But on protests we’ve seen workers and protesters getting along.

The union needs to get its priorities right—like defending the teaching assistants (TAs) in Durham.

Joanna Gilmore, Leeds

Refugee solidarity grows in Cornwall

A group of residents in Bude, a small seaside town in Cornwall, have recently been given approval to resettle a family of refugees in their community.

This has been achieved under the Community Sponsorship scheme. This requires local people to raise the funding and organise the support for the families to begin new lives in the town.

The group has collected £15,000 locally to support the first family and another £2,000 towards a second.

Accommodation has been found and is currently being furnished, and school places have been arranged.

Now other towns in Cornwall are organising to do the same.

I went to the first public meeting of the new Launceston Refugee Support Group last Thursday. Some 40 people came along.

Many expressed their disgust at the callous attitude of the Tory government.

Cornwall is not prospering economically and Ukip has been popular in recent years.

So it’s good to know that people are still motivated by kindness and concern for others.

Jane Creagh-Osborne, Bristol

Labour – don’t suck up to Theresa May

Tory prime minister Theresa May swanned into West Wales to sign off a £1.3 billion investment deal on Monday of last week.

Welsh Labour first minister Carwyn Jones and local council leaders lined up with her at Liberty Stadium in Swansea.

He fawned over May, saying it was an example of “cooperation” between the British and devolved governments.

None of these developments are going to tackle the real problems.

Friends of mine are losing disability benefits or are in danger of losing their homes. That’s all down to the Tories.

The new deal is designed to make it look like they’re doing something, while handing more money to private developers.

If Welsh Labour had any guts it would have stood up to the Tories a long time ago, instead of passing on cuts.

But Jones and his band of merry men are more interested in keeping control of the Labour machine.

They’re more agitated by Jeremy Corbyn than May. But ordinary people here feel differently.

May came down without any fanfare—and that can’t have been an accident.

The Tories know that there would have been protests if a big fuss was made about it in advance

We know who the real enemy is—even if Jones doesn’t.

Tim Evans, Swansea

Detoxifying George Osborne won’t beat the right

According to Guardian newspaper columnist Polly Toynbee, George Osborne editing the Evening Standard newspaper could be useful in the battle against Brexit.

This Bullingdon Club toff and architect of austerity annihilated our public services so that he could line the pockets of his banker pals.

Whenever people unnecessarily die in underfunded hospitals or are forced to eat from food banks, you can be sure to find the hand of Osborne.

He and Theresa May might be at loggerheads over the European Union, but that won’t stop them uniting together against working class people.

The crisis at the top over Brexit does provide an opportunity for our side to make gains for working class people.

But we have to fight on our own terms, not cosy up to swaggering millionaire thugs like Osborne.

Russ Chandler, North east London

Be bolder on refugees

The Tories’ decision to renege on the Dubs Amendment to let unaccompanied child refugees into Britain is perhaps its most cruel.

Labour has rightly said it would implement the Dubs Amendment on child refugees if it got into government.

As good as this is, it does not go far enough.

Our Newham Convoys to Calais group made many trips to the “jungle” refugee camp from east London.

We met hundreds of children and adults who had defied all the odds but weren’t allowed to come to Britain.

That’s why we say open the borders, tear down the walls and let the refugees in.

Simon Shaw, East London

School cuts show greed

The school cuts are typical of the Tories’ greed (Socialist Worker, 22 March).

Not content with damaging current workers’ living standards, they also feel the need to damage future generations.

Meanwhile, all their privileged children will be at private schools which they can afford.

Theresa May must go.

Nick Browne, on Facebook

A warning to Labour right

If you lose Jeremy Corbyn (Socialist Worker, 22 March), the Labour Party will be hit with thousands of solicitor’s letters.

People will demand back the membership fee they paid. They will be left poor by the people they shaft.

Richard Short, on Facebook

Class divide will get worse

Still the class divide gets bigger.

The number of people relying on food banks grows but the government pays no attention because it would embarrass them.

And the number of people in poverty will rise due to inflation and the cost of living rising.

Jules PG, on Facebook

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'A tsunami of survivors': Law firms swamped by historical child abuse victims

Rachel Browne

  • 14 reading now

Australian legal firms are experiencing unprecedented demand from people who have suffered alleged child sexual abuse in institutions such as churches, schools and youth groups.

The demand has been spurred on by revelations from the Royal Commission into Institutional Responses to Child Sexual Abuse and legal reforms which allow survivors to make a claim for damages regardless of when the abuse allegedly occurred.

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Child abuse Royal Commission: a look back

Painful and difficult stories in their thousands emerge from the Royal Commission into Institutional Responses to Child Sexual Abuse.

Shine Lawyers received 61 inquiries about historical child sexual abuse in 2012, prior to the commencement of the royal commission in 2013. Last year the firm received 730 inquiries, an increase of more than 1000 per cent.

Law firm Maurice Blackburn has also experienced a surge in people exploring their legal options, with hundreds of new inquiries.

Shine Lawyers abuse law principal Lisa Flynn said the commission had created widespread public awareness about the devastating impact of abuse.

“It is an extraordinary increase which is largely due to the spotlight cast by the royal commission,” she said.

“The royal commission’s work over the past four years has really encouraged people to come forward and seek assistance. It’s been a tsunami of survivors coming forward.”

The commission held its final public hearing last week and will hand down its final report in December.

Ms Flynn said that while the long-running inquiry is wrapping up, it has left a strong legacy for survivors.

“Survivors have seen the bravery of others in coming forward and that’s given them the encouragement they need to come forward themselves,” she said.

“We know from people who have told their stories, it’s such a powerful way of seeking validation and justice.”

A number of states, including NSW, have scrapped the statute of limitations for civil action by child sexual abuse survivors, many of whom take decades to disclose.

Maurice Blackburn institutional abuse specialist Danielle De Paoli​ said the reform had allowed more survivors to come forward and seek justice.

“We expect this to continue, particularly given many states have now acted to ensure that archaic statutes of limitations have been removed to allow long overdue access to justice for abuse survivors,” she said.

Ms De Paoli said many defendants unnecessarily delayed redress for people who had been abused in an institution.

“Unfortunately too many organisations, including Scouts NSW and organisations of the Anglican and Catholic Churches, still continue to do the wrong thing by survivors, in spite of the significant evidence uncovered by the royal commission,” she said.

Figures released by the royal commission show the Catholic church paid $280 million in compensation to victims of alleged child sexual abuse between 1980-2015 and Anglican church dioceses have payments of just over $34 million in response to complaints over the same period.

The Federal government has announced a national redress scheme to compensate survivors to run for 10 years from 2018.

Blue Knot Helpline 1300 657 380

Care Leavers Australasia Network 1800 008 774

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Gordon Feinblatt Named to National Best Law Firms List

Gordon Feinblatt LLC has been named by “The Best Lawyers in America” to the its 2017 Metropolitan Baltimore Tier 1 Best Law Firms list in 19 areas of practice: arbitration, banking and finance law, corporate law, employment law (individuals and management), environmental law, family law, financial services regulation law, government relations, health care law, litigation (commercial, environmental, and real estate), mediation, real estate law, securities regulation, tax law and information technology law.

Firms included in this list are recognized for professional excellence with persistently impressive ratings from clients and peers. Achieving a Tier 1 ranking signals a unique combination of a quality law practice, breadth of legal expertise, professionalism and integrity.

“We know your industry. We have solved a problem just like yours recently. We are responsive. We are available. We deliver on promises, and we are powerful negotiators,” said chairman and CEO Barry F. Rosen.

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KrolLDiscovery Receives Four Gold Awards in National Law…

Newly combined entity KrolLDiscovery racks up 10 awards for their litigation-related products and services, including the top prize in four categories.

McLean, Va. (PRWEB) March 31, 2017

KrolLDiscovery today announced it received 10 awards, including four gold awards, in the Sixth Annual Best of the National Law Journal Survey. The survey ran from December 5, 2016 through February 2, 2017, resulting in more than 4,500 votes across 92 categories.

KrolLDiscovery took top honors in the following categories:

  • Managed Ediscovery & Litigation Support Service Provider
  • Data Recovery Solution Provider
  • Managed Document Review Services
  • Predictive Coding Ediscovery Solution

Additionally, the company received silver awards in four categories:

  • End-to-End Litigation Consulting Firm
  • Technology Assisted Review Ediscovery Solution
  • Data & Technology Management Ediscovery Provider
  • Online Review Platform

Third-place honors include:

  • End-to-End Ediscovery Provider
  • Case Management Software to Law Firms

“We are honored to be chosen as a leading Ediscovery provider in so many service and technology categories by National Law Journal readers,” said Chris Weiler, CEO of KrolLDiscovery. “These awards recognize our ability to marry industry-leading services with innovative technology for the benefit of our clients around the globe.”

About KrolLDiscovery

KrolLDiscovery provides technology-enabled services and software to help law firms, corporations, government agencies and consumers solve complex data challenges. The company, with approximately 1,300 employees in 43 locations across 19 countries, is a global leader in delivering best-in-class eDiscovery, information governance and data recovery solutions to support the litigation, regulatory compliance, internal investigation and data recovery and management needs of our clients. Serving clients for over 30 years, KrolLDiscovery offers data collection and forensic investigation, early case assessment, electronic discovery and data processing, application software and data hosting for web-based document reviews, and managed document review services. In addition, through its global Kroll Ontrack business, KrolLDiscovery delivers world-class data recovery, email extraction and restoration, data destruction and tape management. KrolLDiscovery has been recognized as one of the fastest growing companies in North America by both Inc. Magazine (Inc. 5000) and Deloitte (Deloitte’s Technology Fast 500), and CEO Chris Weiler was recognized as a 2014 Ernst & Young Entrepreneur of the Year™. Additionally, KrolLDiscovery is an Orange-level Relativity Best in Service Partner, a Relativity Premium Hosting Partner, and maintains ISO/IEC 27001 Certified data centers. For more information, please email info(at)krolldiscovery(dot)com or visit and

For the original version on PRWeb visit:

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Meyer, Olson, Lowy & Meyers, LLP, Sole Family Law Firm Named to Los Angeles Business Journal Annual List of Largest Law Firms

LOS ANGELES, March 31, 2017 /PRNewswire/ — Meyer, Olson, Lowy & Meyers, LLP (MOLM) has the distinction of being the only family law firm included in the Los Angeles Business Journal (LABJ) 2017 list of the county’s largest law firms. MOLM employs 21 attorneys, all of whom practice family law exclusively.

LABJ originally published the list in its March 20, 2017 issue and will include the list in its Book of Lists, which is published every December.

“We are very proud to make this prestigious list for the first time and to help put the spotlight on family law as an important legal specialty,” said Lisa Helfend Meyer, MOLM’s founding partner.

About MOLMMeyer, Olson, Lowy & Meyers, LLP (MOLM), the preeminent female-owned family law firm in Southern California, prides itself on its highly aggressive and focused representation.  This innovative firm specializes in all aspects of family law, including complex divorce, division of high-net-worth estates, high-conflict custody matters, international and domestic child custody move-away cases, parental alienation and estrangement custody cases, pre- and post-nuptial agreements, dissolution of domestic partnerships and issues specific to LGBTQ+ families, and mediation.  MOLM has offices in Century City and Irvine and brings a rare combination of legal sophistication, tenacity, and empathy to the practice of family law to serve its clientele, which includes members of the entertainment and financial industries, business leaders, and professional athletes. For more information, visit or call (310) 277-9747.

For more information:
Roberta Silverman

To view the original version on PR Newswire, visit:–meyers-llp-sole-family-law-firm-named-to-los-angeles-business-journal-annual-list-of-largest-law-firms-300432467.html

SOURCE Meyer, Olson, Lowy & Meyers

Copyright (C) 2017 PR Newswire. All rights reserved

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Wiley FINRA Series 66 Exam Review 2017: The Uniform Combined State Law Examination

About the Series 66 Exam xiii

About This Book xvii

About the Test Bank xix

About the Securities Institute of America xxi

Chapter 1 Definition of Terms 1

Security 1

Person 3

Broker Dealer 4

Agent 4

Issuer 5

Nonissuer 5

Investment Adviser 5

Pension Consultants 6

Investment Counsel 6

Form ADV 7

Investment Adviser Registration Database (IARD) 8

Investment Adviser Representative 9

Solicitor 9

Access Person 10

Institutional Investor 10

Accredited Investor 11

Qualified Purchaser 11

Private Investment Company 11

Offer/Offer to Sell/Offer to Buy 11

Sale/Sell 12

Guarantee/Guaranteed 12

Contumacy 12

Federally Covered Exemption 12

Escheatment 13

12B-1 Fees 13

Power of Attorney 14

Option Contracts 14

Call Options 15

Put Options 15

Futures and Forwards 15

Secondary Market Orders 15

Market Orders 16

Buy Limit Orders 16

Sell Limit Orders 16

Stop Orders/Stop Loss Orders 17

Buy Stop Orders 17

Sell Stop Orders 18

Pretest 19

Chapter 2 Securities Industry Rules and Regulations 25

The Securities Act of 1933 25

The Securities Exchange Act of 1934 27

Public Utilities Holding Company Act of 1935 29

Financial Industry Regulatory Authority (FINRA) 29

The Trust Indenture Act of 1939 30

Investment Advisers Act of 1940 30

Investment Company Act of 1940 30

Retail Communications/Communications with the Public 31

FINRA Rule 2210 Communications with the Public 32

Blind Recruiting Ads 34

Generic Advertising 34

Tombstone Ads 35

Testimonials 35

Free Services 36

Misleading Communications 36

Securities Investor Protection Corporation Act of 1970 (SIPC) 37

The Securities Acts Amendments of 1975 38

The Insider Trading and Securities Fraud Enforcement Act of 1988 38

Firewall 39

The Telephone Consumer Protection Act of 1991 39

National Securities Market Improvement Act of 1996 40

The Uniform Securities Act 41

The Patriot Act 41

Regulation S-P 43

Identity Theft 44

Pretest 45

Chapter 3 Economic Fundamentals 49

Gross Domestic Product 49

Recession 51

Depression 51

Economic Indicators 51

Schools of Economic Thought 53

Economic Policy 54

Tools of the Federal Reserve Board 54

Interest Rates 54

Reserve Requirement 55

Changing the Discount Rate 56

Federal Open Market Committee 56

Money Supply 57

Disintermediation 58

Moral Suasion 58

Fiscal Policy 58

International Monetary Considerations 60

London Interbank Offered Rate(LIBOR) 60

Yield Curve Analysis 60

Pretest 63

Chapter 4 Customer Recommendations, Professional Conduct, and Taxation 67

Professional Conduct by Investment Advisers 68

The Uniform Prudent Investors Act of 1994 68

Fair Dealings with Clients 69

Periodic Payment Plans 73

Disclosure of Client Information 74

Borrowing and Lending Money 74

Developing the Client Profile 74

Investment Objectives 77

Risk vs. Reward 79

Alpha 81

Beta 81

Predicting Portfolio Income 88

Fundamental Analysis 90

Capitalization 93

Tax Structure 95

Investment Taxation 95

Calculating Gains and Losses 95

Cost Base of Multiple Purchases 96

Deducting Capital Losses 97

Wash Sales 97

Taxation of Interest Income 98

Inherited and Gifted Securities 98

Donating Securities to Charity 98

Trusts 99

Gift Taxes 99

Estate Taxes 100

Withholding Tax 100

Corporate Dividend Exclusion 100

Alternative Minimum Tax (AMT) 101

Taxes on Foreign Securities 101

Pretest 103

Chapter 5 Variable Annuities, Retirement Plans, AND LIFE INSURANCE 107

Annuities 107

Equity-Indexed Annuities 110

Recommending Variable Annuities 111

Annuity Purchase Options 112

Accumulation Units 112

Annuity Units 113

Annuity Payout Options 113

Factors Affecting the Size of the Annuity Payment 114

The Assumed Interest Rate (AIR) 115

Taxation 115

Sales Charges 116

Variable Annuity vs. Mutual Fund 116

Retirement Plans 116

Individual Plans 117

Individual Retirement Accounts (IRAs) 117

529 Plans 120

Local Government Investment Pools (LGIPs) 121

IRA Contributions 122

IRA Accounts 122

IRA Investments 122

It Is Unwise to Put a Municipal Bond in an IRA 123

Rollover vs. Transfer 123

Keogh Plans (HR-10) 124

Contributions 124

Tax-Sheltered Annuities/Tax-Deferred Account 125

Contributions 126

Tax Treatment of Distributions 127

Corporate Plans 127

Non-Qualified Corporate Retirement Plans 127

Payroll Deductions 127

Deferred Compensation Plans 128

Qualified Plans 128

Types of Plans 128

Rolling Over a Pension Plan 130

Employee Retirement Income Security Act of 1974 (ERISA) 130

ERISA 404C Safe Harbor 132

The Department of Labor Fiduciary Rules 133

Life Insurance 133

Premiums and Death Benefits 135

Assumed Interest Rate 136

Variable Policy Features 137

Sales Charges 138

Life Settlements 139

Tax Implications of Life Insurance 139

Health Savings Accounts 140

Pretest 141

Chapter 6 Registration of Broker Dealers, Investment Advisers, and Agents 145

Registration of Broker Dealers 145

Financial Requirements 146

Agent Registration 147

Hiring New Employees 149

Resignation of a Registered Representative 150

Registering Agents 151

Changes in an Agent’s Employment 152

Mergers and Acquisitions of Firms 152

Renewing Registrations 152

Canadian Firms and Agents 152

Investment Adviser State Registration 153

The National Securities Market Improvement Act of 1996 (The Coordination Act) 153

Investment Adviser Representative 154

State Investment Adviser Registration 155

Capital Requirements 155

Exams 156

Advertising and Sales Literature 157

Brochure Delivery 158

The Role of the Investment Adviser 159

Additional Compensation for an Investment Adviser 159

Agency Cross Transactions 159

Disclosures by an Investment Adviser 159

Investment Adviser Contracts 161

Additional Roles of Investment Advisers 162

Private Investment Companies/Hedge Funds 162

Fulcrum Fees 162

Wrap Accounts 163

Soft Dollars 163

Pretest 165

Chapter 7 Securities Registration, Exempt Securities, and Exempt Transactions 171

Exempt Securities 171

Securities Registration 172

Exempt Securities/Federally Covered Exemption 175

Exempt Transactions 176

Pretest 183

Chapter 8 State Securities Administrator: the Uniform Securities Act 189

Actions by the State Securities Administrator 189

Actions Against an Issuer of Securities 191

Rule Changes 192

Investigations 194

Civil and Criminal Penalties 194

Jurisdiction of the State Securities Administrator 195

Administrator’s Jurisdiction over Securities Transactions 195

Radio, Television, and Newspaper Distribution 198

Right of Rescission 198

Statute of Limitations 199

Pretest 201

Answer Keys 207

Glossary of Exam Terms 217

Index 283

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