Despo Law Group

Despo Law Group William A. Despo founded the Despo Law Group, a Rumson, New Jersey law firm, after spending the last securities arbitration
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08/07/2019

New York Supreme Court Upholds State Fiduicary Rule For Sale of Life Insurance and Annuities.

The Independent Agents and Brokers of New York, Inc., and other trade organizations, lost their bid to overturn NY State Department of Financial Services amendment to Regulation 187 that is entitled "Suitability and Best Interest in Life Insurance and Annuity Transactions". The amendment adopts a uniform standard of care that must be met by agents and brokers, which the Regulation identifies as "producers". The Regulation mandates that all financial professional who provide retirement planning and investment advise, both insurers and brokers dealing with life insurance and annuities, must act in the Best Interest of their client. The Regulation forces brokers and insurance companies to exmaine compliance policies and procedure to comply with the Regulation.

William Despo Moderates Financial Fraud Seminar at Bar Association Annual MeetingBill Despo will moderate a seminar at t...
05/13/2019

William Despo Moderates Financial Fraud Seminar at Bar Association Annual Meeting

Bill Despo will moderate a seminar at the New Jersey State Bar Association Annual Meeting in Atlantic City on May 16, 2019. The key enforcement, federal, state and SRO Regulators. The speakers from the office of the New Jersey U.S. ’s Office, U.S. Securities Exchange Commission, N.J. Bureau of and will discuss hot legal issues that include the New Jersey proposed duty rule, , penalties and , agreements among others.

The largest coordinated sweep of elder   cases in history! The cases during this sweep involved more than 260 defendants...
04/09/2019
Justice Department Coordinates Largest-Ever Nationwide Elder Fraud Sweep

The largest coordinated sweep of elder cases in history! The cases during this sweep involved more than 260 defendants from around the globe who victimized more than two million Americans, most of them elderly. The US Department of took action in every district across the country, through the filing of or civil cases or through consumer education efforts. In each case, offenders allegedly engaged in financial schemes that targeted or largely affected seniors. In total, the charged fraud caused alleged losses of millions of more dollars than last year, putting the total alleged losses at this year’s sweep at over three fourths of one billion dollars.

Bath, Maine: The Maine Office of Tourism will host the “Visit Maine Pro Ski Championships” finale at Sunday River, Maine...
03/20/2019
VISIT MAINE PRO SKI CHAMPIONSHIPS (SUNDAY RIVER, MAINE; MARCH 28 - 30, 2019) - Despo Law Group

Bath, Maine: The Maine Office of Tourism will host the “Visit Maine Pro Ski Championships” finale at Sunday River, Maine. This will be the fourth and final stop for the 2019 World Pro Ski Tour SKI season, March 28-30.
Leading the standings for the overall Tour Championship title is Phil Brown of Canada with 101 points, in second Garrett Driller, USA with 61 and following in third is Michael Ankeny, USA with 50. Brown and Driller are not only fighting for the overall title but the “Tito’s Rooke of the Year” title as well. (Read More on our Latest Blog Post http://ow.ly/sXrV30o7BnA)

Bath, Maine: The Maine Office of Tourism will host the “Visit Maine Pro Ski Championships” finale at Sunday River, Maine. This will be the fourth and final stop for the 2019 World Pro Ski Tour SKI season, March 28-30. Leading the standings for the overall Tour Championship title is Phil Brown of...

In year 2017, FINRA filed 1,369   actions, imposed   that total over $64 million, and   orders for $66.8 million. In add...
03/06/2019

In year 2017, FINRA filed 1,369 actions, imposed that total over $64 million, and orders for $66.8 million. In addition, 20 firms were expelled from , 29 firms were suspended, 492 individuals were barred from the securities industry, and 733 individuals were suspended. Depending on the nature of the inquiry, a or individual needs to be concerned about... Read more at https://www.despolawgroup.com/blogs/defending-a-finra-investigation-and-enforcement-action/

A SEC inquiry must be taken seriously given the potential ramifications of an   action. The   can seek non-monetary reli...
03/04/2019

A SEC inquiry must be taken seriously given the potential ramifications of an action. The can seek non-monetary relief in the form of equitable relief such as barring a person from employment in the industry or working for a public company. The Commission can seek undertakings which require a person to take affirmative actions, and conduct... Learn more at https://www.despolawgroup.com/blogs/thoughts-about-sec-enforcement/

In regards to a SEC   action, when appropriate, the SEC will consider the Seaboard factors: remedial action taken by the...
02/27/2019

In regards to a SEC action, when appropriate, the SEC will consider the Seaboard factors: remedial action taken by the company, policies of self-reporting and policing, and cooperation with the Commission. is the other primary form of money relief sought by the . Ill-gotten gains will be offset by cooperation with the Commission. To find out more, visit www.despolawgroup.com

The stakes are extremely high when you are the subject of a FINRA enforcement action. Competent   who understands FINRA ...
02/25/2019

The stakes are extremely high when you are the subject of a FINRA enforcement action. Competent who understands FINRA and possible strategies is necessary. If you are faced with a FINRA enforcement action, your counsel should be versed in its discovery procedures, hearing conduct and potential fines and sanctions. Should you find yourself in this situation, Despo Law Group is here to help www.despolawgroup.com

If you've worked with Despo Law Group in the past or are now and had a positive experience, we would love to hear from y...
02/21/2019

If you've worked with Despo Law Group in the past or are now and had a positive experience, we would love to hear from you! Share your experience here on Facebook: https://goo.gl/1Li5Lx

William Despo is a seasoned litigator with 40 years of   successfully representing clients at the trial level, appellate...
02/19/2019

William Despo is a seasoned litigator with 40 years of successfully representing clients at the trial level, appellate court, governmental administrative proceedings, and . Bill employs the same desire and creative approach to all of his clients. He has represented the full spectrum of industries including real estate, financial institutions, technology, construction, investment advisers, broker dealers, and pharmaceutical. To find out more about the Despo Law Group and what they can do for you, visit www.despolawgroup.com

Despo Law Group provides a breadth of substantial   in the broker-dealer industry. To find out more, contact us at www.d...
02/13/2019

Despo Law Group provides a breadth of substantial in the broker-dealer industry. To find out more, contact us at www.despolawgroup.com

We at Despo Law Group have   representing   and emerging private companies through today's complex regulatory landscape....
02/10/2019

We at Despo Law Group have representing and emerging private companies through today's complex regulatory landscape. If you need services in this field, contact us at www.despolawgroup.com

Experience is the difference! Find the help needed to navigate a large range of legal matters at https://lnkd.in/eREYa6V...
02/07/2019

Experience is the difference! Find the help needed to navigate a large range of legal matters at https://lnkd.in/eREYa6V Despo Law Group can be your advocate!

Despo Law Group has an extensive background in securities   and offers a full range of services for the business or indi...
02/05/2019

Despo Law Group has an extensive background in securities and offers a full range of services for the business or individuals involved in transactions and in the securities industry. If you need services pertaining to this industry, find more information at www.despolawgroup.com

Despo Law Group extensive background in securities   and offers a full range of services for the   or individuals involv...
01/30/2019

Despo Law Group extensive background in securities and offers a full range of services for the or individuals involved in transactions and in the securities industry. If you need services pertaining to this industry, find us at www.despolawgroup.com

Despo Law Group offers a complete range of   service in the real estate   area, including the buying and selling of comm...
01/29/2019

Despo Law Group offers a complete range of service in the real estate area, including the buying and selling of commercial and residential properties, management transactions, financing and development. We can assist you in reviewing your title policies, advise you concerning defects and law use issues. We can also assist condominium associations with regards to governance issues and insurance questions. Find out more information at https://www.despolawgroup.com/

We carefully listen to our clients knowing that each   is  . Our goal is to advise our clients with the development of a...
12/20/2018

We carefully listen to our clients knowing that each is . Our goal is to advise our clients with the development of a for their respective that concerns the , management and transfer of to their and others. Factors such as taxes, testamentary desires, elder care issues, disability, and children are taken into consideration with the development of an and Plans. Learn more at http://www.despolawgroup.com/

Despo Law Group   &     strives to facilitate a smooth transition in the buying, selling, merger or consolidation, and r...
12/19/2018

Despo Law Group & strives to facilitate a smooth transition in the buying, selling, merger or consolidation, and restructuring of . We represent both and in all aspects of the transaction including structuring the transaction, performing due , assisting with relationships, negotiating and drafting documents. To find out more, visit http://www.despolawgroup.com/

Bill brings 40 years of legal   to solve your problem whether it is a pressing transaction or a claim to   or  . He has ...
12/13/2018

Bill brings 40 years of legal to solve your problem whether it is a pressing transaction or a claim to or . He has worked with multinational corporations to small businesses and individuals. He understands the need to resolve your issue so that you can focus on what really matters – your business. He is your advocate. Find out how he can help you at http://www.despolawgroup.com/

Despo Law Group is dedicated to serving full range of clients with their   and   needs. Our core capabilities include co...
12/11/2018

Despo Law Group is dedicated to serving full range of clients with their and needs. Our core capabilities include commercial contracting, corporate finance and , corporate governance, emerging growth companies, venture capital transactions, privately held businesses, mergers and acquisitions, , technology and joint venture transactions. We can be your advocate! Find us at www.despolawgroup.com

New Jersey Hears Testimony on Fiduciary Proposal: The New Jersey Bureau of Securities held its second session for testim...
12/07/2018
New Jersey Hears Testimony on Fiduciary Proposal - Despo Law

New Jersey Hears Testimony on Fiduciary Proposal: The New Jersey Bureau of Securities held its second session for testimony on the state’s pre-proposal that would require and to be subject to a fiduciary duty... read more from the article posted at WealthManagement.com: https://www.despolawgroup.com/news/new-jersey-hears-testimony-on-fiduciary-proposal/

The New Jersey Bureau of Securities held its second session for testimony on the state’s pre-proposal that would require brokers and advisors to be subject to a fiduciary duty. Fiduciary advocates as well as brokerage industry representatives presented their thoughts. A number of states, frustrate...

The SEC is the federal agency charged with protecting the investing public and   broker dealers, securities exchanges,  ...
11/29/2018

The SEC is the federal agency charged with protecting the investing public and broker dealers, securities exchanges, advisers, and overseeing our capital . One of the tools that the SEC uses to carry out its mandate includes the ability to bring actions in or in an administrative action. Unlike the U.S. Attorney, the does not classify people being investigated as “targets”; however, counsel may be able to ascertain the degree of exposure by the nature of the investigation and conversations with enforcement staff. Read more at: https://www.despolawgroup.com/blogs/thoughts-about-sec-enforcement/

The stakes are extremely high when you are the subject of a FINRA enforcement action. Competent   who understands FINRA ...
11/27/2018

The stakes are extremely high when you are the subject of a FINRA enforcement action. Competent who understands FINRA and possible strategies is necessary. If you are faced with a FINRA enforcement , your counsel should be versed in its discovery procedures, hearing conduct and potential fines and sanctions. Should you find yourself in this situation, Despo Law Group is here to help www.despolawgroup.com

William Despo was a former enforcement   with the American Stock Exchange, and has over 40 years of   defending brokers,...
11/20/2018

William Despo was a former enforcement with the American Stock Exchange, and has over 40 years of defending brokers, investment advisers, and registered representatives in regulatory matters, and . He is the chair of the New Jersey State Bar Association Securities Law Committee and has moderated continuing education programs that included senior officials from FINRA, SEC and the N. J. Bureau of Securities, as well as officials from the U.S. Attorney’s Office for New Jersey. Should you find yourself needing legal , consider Despo Law Group. www.despolawgroup.com

In regards to a SEC   action, when appropriate, the SEC will consider the Seaboard factors: remedial action taken by the...
11/15/2018

In regards to a SEC action, when appropriate, the SEC will consider the Seaboard factors: remedial action taken by the company, policies of self-reporting and policing, and cooperation with the Commission. is the other primary form of money relief sought by the . Ill-gotten gains will be offset by cooperation with the Commission. To find out more, visit www.despolawgroup.com

Address

Suite 200, 125 Half Mile Road
Red Bank, NJ
07701

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+17329244740

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Despo Law Group

William A. Despo founded the Despo Law Group, a Rumson, New Jersey law firm, after spending the last 30 years with a major Newark, New Jersey law firm that merged with a regional law firm that has become the 120th largest law firm in the country with over 400 lawyers. Bill was the chairperson of the Financial Services Practice Group that represented insurance companies, investment advisors, banks, credit unions, broker/dealers, insurance agents, brokers, hedge funds, capital market participants and others.

Although he enjoyed his years at his former law firm, Bill decided to refocus his practice and become more general with the nature of his work. He continues to counsel several of his institutional clients while expanding to service smaller clients. Partnerships, small to medium size companies, and individuals is the focus of his law practice. Because of the range of matters that he has been involved in over the years, he can assist clients with a wide variety of issues such organization of businesses whether as a corporation, partnership or limited liability company, capital market offerings, tax issues, employment matters, fiduciary issues, commercial and residential real estate, trust and estates, wills, consumer issues, cyber-security, and of course representing clients in all venues from arbitrations, state and federal court and governmental administrative proceedings. He represents start-companies, investors, and seasoned companies.

Bill has appeared in state and federal courts throughout the United States, and has represented clients in arbitration proceedings at the American Arbitration Association, JAMs, and Financial Industry National Regulatory Authority (FINRA). He is a member of FINRA and National Futures Association Arbitration Boards. He is also a member of the Disciplinary Panel of Tradition SEF, which is a national trading facility for swaps and derivatives. He has defended individuals and companies including Registered Investment Advisors (“RIA”) and Broker Dealers before the U. S. Securities Exchange Commission, U. S. Commodities Futures Trading Commission, New Jersey Bureau of Securities, and other federal and state agencies. He has lectured about fiduciary issues affecting RIAs and Broker Dealers arising out of the Department of Labor’s Fiduciary Rule. He has tried cases and arbitrations throughout the country.

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Today's showcases Despo Law Group, bringing more than 40 years of legal experience to solve your problem whether it is a pressing transaction or a claim to defend or prosecute. Find out more about them at www.despolawgroup.com. Are you an member? Join our growing number of businesses today! Now more than ever, we are !
New York Supreme Court Upholds State Fiduicary Rule For Sale of Life Insurance and Annuities.

The Independent Agents and Brokers of New York, Inc., and other trade organizations, lost their bid to overturn NY State Department of Financial Services amendment to Regulation 187 that is entitled "Suitability and Best Interest in Life Insurance and Annuity Transactions". The amendment adopts a uniform standard of care that must be met by agents and brokers, which the Regulation identifies as "producers". The Regulation mandates that all financial professional who provide retirement planning and investment advise, both insurers and brokers dealing with life insurance and annuities, must act in the Best Interest of their client. The Regulation forces brokers and insurance companies to exmaine compliance policies and procedure to comply with the Regulation.
William Despo Moderates Financial Fraud Seminar at Bar Association Annual Meeting

Bill Despo will moderate a seminar at the New Jersey State Bar Association Annual Meeting in Atlantic City on May 16, 2019. The key enforcement, federal, state and SRO Regulators. The speakers from the office of the New Jersey U.S. ’s Office, U.S. Securities Exchange Commission, N.J. Bureau of and will discuss hot legal issues that include the New Jersey proposed duty rule, , penalties and , agreements among others.
The largest coordinated sweep of elder cases in history! The cases during this sweep involved more than 260 defendants from around the globe who victimized more than two million Americans, most of them elderly. The US Department of took action in every district across the country, through the filing of or civil cases or through consumer education efforts. In each case, offenders allegedly engaged in financial schemes that targeted or largely affected seniors. In total, the charged fraud caused alleged losses of millions of more dollars than last year, putting the total alleged losses at this year’s sweep at over three fourths of one billion dollars.
Bath, Maine: The Maine Office of Tourism will host the “Visit Maine Pro Ski Championships” finale at Sunday River, Maine. This will be the fourth and final stop for the 2019 World Pro Ski Tour SKI season, March 28-30.
Leading the standings for the overall Tour Championship title is Phil Brown of Canada with 101 points, in second Garrett Driller, USA with 61 and following in third is Michael Ankeny, USA with 50. Brown and Driller are not only fighting for the overall title but the “Tito’s Rooke of the Year” title as well. (Read More on our Latest Blog Post http://ow.ly/sXrV30o7BnA)
In year 2017, FINRA filed 1,369 actions, imposed that total over $64 million, and orders for $66.8 million. In addition, 20 firms were expelled from , 29 firms were suspended, 492 individuals were barred from the securities industry, and 733 individuals were suspended. Depending on the nature of the inquiry, a or individual needs to be concerned about... Read more at https://www.despolawgroup.com/blogs/defending-a-finra-investigation-and-enforcement-action/