- Posts by Joseph S. Simms
Joe is the Chair of Reminger’s Broker-Dealer and Investment Advisor Regulatory Compliance and Enforcement Practice Group, and a senior member of the Financial Services, Securities Litigation, Commercial Litigation and ...
No one wants to be named as a defendant in a lawsuit. But once you are named, you must respond to the lawsuit or ignore it at your own peril. A recent case in Ohio should serve as a cautionary tale to financial advisers and financial service firms who find themselves caught up in a lawsuit and they want to get out of it.
Charles accumulated significant wealth over his lifetime, some of which was held in accounts Charles maintained with a financial services firm. Charles purportedly signed beneficiary designations for all of his accounts at this firm naming a megachurch as his sole ... Read More ›
On October 29, 2020 FINRA issued Regulatory Notice 20-38 announcing that Rule 3241 has been adopted in order to limit the ability of licensed personnel of FINRA member firms to be named as a beneficiary, executor, trustee of or have power of attorney for or on behalf of a customer. In pertinent part, Rule 3241 provides as follows:
- Registered personnel shall decline being named as a beneficiary of a customer’s estate (or receiving a bequest from a customer’s estate upon learning he/she was named as a beneficiary) unless (1) the customer is a member of the registered person’s ...
On October 29, 2020 FINRA issued Regulatory Notice 20-38 announcing that Rule 3241 has been adopted in order to limit the ability of licensed personnel of FINRA member firms to be named as a beneficiary, executor, trustee of or have power of attorney for or on behalf of a customer. In pertinent part, Rule 3241 provides as follows:
- Registered personnel shall decline being named as a beneficiary of a customer’s estate (or receiving a bequest from a customer’s estate upon learning he/she was named as a beneficiary) unless (1) the customer is a member of the registered person’s ...
We are happy to announce that Joseph S. Simms has joined Reminger Co., LPA. Based in our Cleveland office, Joe brings to our team more than two decades of legal experience and unique insight into finance and business concerns that are often associated with complex estate and trust litigation disputes.Read More ›
Recent Posts
- Analysis of the Amendments to Ohio Rule of Superintendence Rule 66
- Reminger Co., LPA Announces New Leadership Structure in Estates and Trusts Practice Group
- Even Billionaires Can Fumble Business Succession Planning
- Adam Fried Named to Super Lawyers 2023 Top Lists
- Reminger Named a Tier 1 Firm for Trusts & Estates by U.S. News – Best Lawyers® “Best Law Firms” in 2023
- The Risks of the Ostrich Approach: Never Ignore a Lawsuit
- Reminger Co. LPA to host Advanced Probate Law Institute at Columbus Bar Association
- Jessica Forrest Appointed to Ohio State Bar Association Estate Planning, Trust & Probate Section Council
- Reminger to Present at Marvin R. Pliskin Advanced Probate and Estate Planning Institute
- New Rules Direct Guardians to Encourage Visitation with the Ward