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5 Trends to Watch: 2025 Financial Services Litigation

By Paul Ferak on January 22, 2025

Posted in Anti-Money Laundering, Arbitration, Compliance, Featured, Financial Services Litigation

This blog post highlights key trends in financial services litigation for 2025, including the rise in payments litigation, mass and international arbitration, and increased scrutiny on AML and KYC compliance. It also discusses changing regulatory risks, challenges from digital currencies, and the impact of new technologies and AI on legal disputes.
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When Can Futures Commission Merchants and Broker-Dealers Be Deemed Banks?

By Douglas E. Arend, Jeffry M. Henderson & Robert B. Christie on April 10, 2019

Posted in banking, Banks, Brokers, Client Alert, Financial Services Litigation, GT Alert, investment advisor, Litigation

On March 21, 2019, in Whitaker v. Wedbush Securities, an Illinois appellate court for the first time addressed the liability of a futures commission merchant (FCM) or broker-dealer (BD) under Section 4A-105 of the Uniform Commercial Code (UCC).

By way of background, a customer of an FCM dually registered as a BD ostensibly requested…