Blog
On January 29, 2014, Newark Mayor Luis Quintana signed into law the Newark Sick Leave for Private Employees Ordinance, Ordinance 13-2010 (the “Newark Sick Leave Ordinance,” the “Sick Leave Ordinance,” the “Ordinance,” or the “NSLPEO”). Effective May 29, 2014, the Sick Leave Ordinance requires employers in Newark, New Jersey which employ 10 or more employees to afford each employee one hour of paid sick time…Read More
On August 11, 2014, New Jersey Governor Chris Christie signed into law the New Jersey Opportunity to Compete Act, Pub. L. 2014, ch. 32 (the “Opportunity to Compete Act,” the “NJOCPA,” or the “Act”), which takes effect on March 1, 2015. The Opportunity to Compete Act prohibits employers in New Jersey from requiring applicants for employment, “during the initial employment…Read More
The Department of Defense Appropriations Act for Fiscal Year 2010 (the “DOD Act”) was signed by the White House on December 19 of last year and became effective on February 17, 2010. The DOD Act, section 8116, bars any company which is a party to any agreement in excess of $1,000,000 with the U.S. Department of Defense, and any company…Read More
A Glimpse Of The Manhattan And New Jersey Employment Lawyer’s Recent Publication Manhattan, Manhattan – WEBWIRE – Wednesday, September 16, 2020 Employment lawyer David S. Rich, founding member of The Law Offices of David S. Rich, LLC, has recently released “Executives and Professionals in Manhattan: Your Rights at Work.” The book informs executives and professionals who are employed in Manhattan, NY about their rights and…Read More
Through a peer-reviewed nomination process, Manhattan and New Jersey attorney is recognized as a 2020 New Jersey Super Lawyer® (Employment and Labor). Englewood Cliffs, NJ — Attorney David S. Rich has been selected as a 2020 New Jersey Super Lawyer® (Employment and Labor). Super Lawyers uses a patented, multi-step nomination process that involves peer review and independent research to assess…Read More
On May 13, 2019, after a four-day hearing, an arbitration panel of the Financial Industry Regulatory Authority, Inc. (“FINRA”), sitting in Chicago, Illinois, held that a claimant broker who won a FINRA arbitration seeking expungement from the broker’s Form U-5 (Uniform Termination Notice for Securities Industry Registration) filed by the broker’s respondent ex-employer upon the broker’s termination, of specified employment-related information…Read More
How And Why Brokerage Firms Disparage Brokers On The Brokers’ Form U-5s Form U-5 (Uniform Termination Notice for Securities Industry Registration) is a form that, within 30 days, brokerage firms must complete and file with securities regulators to report the termination of a broker’s employment. On Form U-5, the brokerage firm must report the reason for the broker’s termination and…Read More
A dispute that brokerage firms frequently arbitrate, before FINRA, against brokers concerns “transitional compensation” payments to brokers whom the firms have fired within a predetermined period of time. Such disputes are promissory notes, up-front bonuses, recruiting bonuses, forgivable loans, or forgivable employee loan (“EFL”) cases. It is difficult, but by no means impossible, for a broker whose brokerage firm has harmed…Read More
FINRA Declines To Fine, Suspend Or Expel Investment Banking Associate In Manhattan Who Repeatedly Doctored Expense Receipts Recently, I was approached by a former investment banking associate (“the former associate,” “the ex-associate,” “my former associate client, or “my ex-associate client”) who, over two years after she quit her employment with a brokerage firm in the borough of Manhattan and began…Read More
Through a peer-reviewed nomination process, Manhattan and New Jersey attorney is recognized as a 2019 New Jersey Super Lawyer® (Employment and Labor). Englewood Cliffs, NJ — Attorney David S. Rich has been selected as a 2019 New Jersey Super Lawyer® (Employment and Labor). Super Lawyers uses a patented, multi-step nomination process that involves peer review and independent research to assess nominees. No…Read More