FINRA FINES FIRM FOR SOCIAL MEDIA INFLUENCER VIOLATIONS

Practice Area: Connie Shannon

FINRA FINES FIRM FOR SOCIAL MEDIA INFLUENCER VIOLATIONS

FINRA recently announced M1 Finance LLC has been fined $850,000.00 for violations relating to social media posts made by influencers on the firm’s behalf.  Beginning January 2020 to April 2023, FINRA found M1 Finance compensated social media influencers for content promoting the firm. M1 Finance also requested the influencers include a hyperlink to the firm’s…
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EPA FINALIZES NEW PFAS REGULATIONS

On April 10, 2024 the Environmental Protection Agency (“EPA”) finalized drinking water regulations for per- and polyfluoroalkyl substances (“PFAS”). The EPA expects that the regulations will prevent PFAS exposure in drinking water for approximately 100 million people, prevent thousands of deaths, and reduce tens of thousands of serious PFAS-attributable diseases. The finalized EPA regulations establish…
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ELEVENTH CIRCUIT UPHOLDS INJUNCTION STOPPING FLORIDA’S ANTI-WOKE LAW

In 2022, Florida enacted the Individual Freedom Act, which Governor Ron DeSantis called the “Stop WOKE Act” (“the Act”). Specifically, the Act prohibited Florida employers from requiring employees to attend any training or activity that “espouses, promotes, advances, inculcates, or compels” an individual to believe certain prohibited “concepts” relating to race, color, sex, or national…
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PENNSYLVANIA APPELLATE COURT AFFIRMS SUMMARY JUDGMENT AGAINST HOMEOWNER FINDING THAT STATUTE OF REPOSE BARRED CLAIMS FOR NEGLIGENCE AND UNLAWFUL ACTS AGAINST CONTRACTOR

In Johnson v. Toll Bros., Inc., two homeowners sued a construction contractor alleging that it had negligently constructed their house in such a manner that allowed significant water intrusion resulting in continuous damage for a period of at least five years up until the time they filed suit. 2023 PA Super 169, 302 A.3d 1231…
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COURT OF APPEALS OF LOUISIANA UPHOLDS CITY’S AGREEMENT TO ARCHITECT’S MODIFIED CONSTRUCTION DESIGN PLAN CHANGE ORDER DESPITE ALLEGATIONS OF FRAUD AND DURESS

The recent decision by the Louisiana Court of Appeals in City of Ruston v. Womack & Sons Construction Group, Inc., 374 So. 3d 311 (La. App. 2 Cir. 2023) underscores the critical need for architects to meticulously draft and review contracts, contract conditions, and change orders in construction projects. The City of Ruston (the “City”)…
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SHIFTING LANDSCAPE OF NON-COMPETE AGREEMENTS

Historically, non-compete agreements were utilized to safeguard a company’s trade secrets, proprietary information, and customer relationships. Non-compete agreements served as critical tools for protecting business interests. However, over the past few years, there has been a recent legislative priority to limit or ban the use of restrictive covenants. In 2021, President Joe Biden signed an…
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EPA PROPOSES NEW RULE TO LIST SPECIFIC PFAS COMPOUNDS AS HAZARDOUS CONSTITUENTS UNDER RCRA

On February 8, 2024, the EPA proposed changes to regulations under the Resource Conservation and Recovery Act (RCRA) to add nine PFAS compounds, “their salts, and their structural isomers . . .” to RCRA’s hazardous constituents list. The EPA promulgates a list of hazardous constituents under RCRA “comprised of chemicals that have toxic, carcinogenic, mutagenic,…
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FORMER BOARD MEMBER OF TALLGRASS ENERGY AND FOUR OTHERS CHARGED WITH INSIDER TRADING

The Securities and Exchange Commission has charged Roy Cook, a former board member of Tallgrass Energy LP, and four of his friends with insider trading for trading on material nonpublic information in advance of a public announcement that Blackstone Infrastructure Partners had offered to acquire Tallgrass and take it private. The five defendants agreed to…
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