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FINRA FINES REVERE SECURITIES $800,000.00 FOR AML AND SUPERVISORY FAILURES TIED TO FOREIGN SMALL-CAP IPOS

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On October 6, 2026, the Financial Industry Regulatory Authority (FINRA) announced that it had censured and fined Revere Securities LLC $800,000.00 for anti-money laundering (AML) and supervisory violations related to small-cap initial public offerings (IPOs) for predominantly foreign-based issuers. As part of the settlement, FINRA required the firm to retain a third-party consultant to review…
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TENTH CIRCUIT AFFIRMS JUDGMENT FOR ENGINEERING FIRM IN CONSTRUCTION DISPUTE INVOLVING CHANGE-ORDER REQUIREMENTS

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A common issue in cases addressing an owner’s responsibility for increased costs of a project is whether proper contractual change order procedures were followed.  Contractor’s and subcontractor’s often argue the change order process has been waived by the Parties and therefore claims for additional costs are unaffected by the failure to abide by the contract….
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NEW YOUR APPELLATE COURT REJECTS CITY’S GREENWASHING CLAIMS AGAINST MAJOR OIL COMPANIES

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In City of New York v. Exxon Mobil Corp., No. 2025-01687, 2026 WL 3023932 (N.Y. App. Div. Oct. 8, 2026), the Appellate Division, First Department, affirmed dismissal of New York City’s Consumer Protection law (“CPL”) claims against ExxonMobil, Shell, and BP. The City alleged two forms of deceptive advertising: “product greenwashing,” based on statements that…
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ELEVENTH CIRCUIT REVERSES RETALIATION VERDICT IN ALABAMA EMPLOYMENT DISPUTE EMPHASIZING THE IMPORTANCE OF PROPER JURY INSTRUCTIONS

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In Key v. Dynamic Security, Inc., No. 24-11069 (11th Cir. Aug. 5, 2026), the U.S. Court of Appeals for the Eleventh Circuit addressed important issues involving employee retaliation claims, EEOC filing deadlines, and jury instructions. The decision provides a useful reminder that employers should carefully document employee complaints and that seemingly technical procedural issues can…
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ALABAMA SUPREME COURT BROADLY APPLIES PROFESSIONAL SERVICES EXCLUSION TO PRODUCTS LIABILITY CLAIM

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The Alabama Supreme Court recently addressed the scope of a professional services exclusion in OMS Pharmacy, Inc., d/b/a/ The Pharmacy at Midtown; and Hannah D. Browne v. Nationwide Property and Casualty Insurance Company; Baldo-Downs Insurance, LLC; and Roger Downs, Inc., SC-2025-0165, SC-2026-0437 (pending formal revision for publication). Specifically, the Court considered whether the exclusion applied…
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STATE REGULATORS PRESS FINRA FOR CLEARER RULES ON SOCIAL MEDIA AND AI AS THE SRO WEIGHS LOOSER PRE-APPROVAL REQUIREMENTS

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A group of state securities regulators is urging FINRA to set firmer expectations for how broker-dealers supervise social media posts and AI-generated content, even as the self-regulator considers giving firms more flexibility in reviewing communications with retail investors. The North American Securities Administrators Association was among the commenters that filed letters last week before the…
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U.S. FOREST SERVICE RESCINDS ROADLESS AREA CONSERVATION RULE

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On August 20, 2026, the U.S. Forest Service published a proposed rule to rescind the 2001 Roadless Area Conservation Rule across approximately 44.7 million acres of inventoried roadless land within the National Forest System, which is roughly 23 percent of the system’s total acreage. The 2001 rule established a nationwide prohibition on road construction and…
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GEORGIA COURT OF APPEALS REINFORCES HIGH BAR FOR VACATING ARBITRATION AWARDS

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In Rescigno v. Realmark SCB, LLC, the Court of Appeals of Georgia addressed a dispute arising from the arbitration provision of a residential construction contract between Tracy Rescigno (“Rescigno”) and Realmark SCB, LLC (“Realmark”). See 932 S.E.2d 402 (Ga. Ct. App. 2026). The contract was initially executed on July 12, 2021, with Douglas Davis (“Mr….
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MINNESOTA SUPREME COURT HOLDS HOMEOWNER’S NEGLIGENCE DAMAGES CAN EXTINGUISH CONTRACTOR’S MECHANIC’S LIEN

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In Sustainable 9, LLC v. Coleman, the Minnesota Supreme Court held that a homeowner may use damages caused by a contractor’s negligent construction as a recoupment defense against the contractor’s mechanic’s lien when both claims arise from the same construction project. Because the homeowner’s negligence damages exceeded the amount of the contractor’s mechanic’s lien, the…
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