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Ain & Stein, LLC
401 North Washington Street, Suite 500
Rockville, Maryland 20850

Telephone: 301-838-0199
Facsimile: 301-309-9436

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Business Law Information

Representative Cases – Business Law

Representative business disputes, commercial law, contract law cases we have successfully handled for clients.

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Exchange Listing and Delisting Requirements for Securities

Companies that wish to have their publicly traded securities listed on an exchange such as the New York or American Stock Exchanges or traded through NASDAQ must meet listing requirements set by the exchanges and NASDAQ and then maintain continued listing standards. Read the rest of this entry »

Articles of Incorporation and Bylaws

Bylaws are written provisions describing how day-to-day operations of a corporation will be conducted. A corporation's activities are governed, in order of precedence, by statute, corporate charter, and bylaws.

A corporation's first set of bylaws is adopted by the corporation's first board of directors (or, in New York, by incorporators). The bylaws will normally describe how issues of corporate control will be handled and, to the extent not already covered in the corporate charter or otherwise required by statute, will cover such issues as the number of directors, the method of voting by the directors, offices of the corporation, and provisions for shareholder meetings. Once bylaws are adopted, changes in the bylaws normally will require shareholder approval...

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Time Requirements for Settlement of Securities Trades

If the "T+3" rule is broken by an investor, the brokerage firm may choose to impose additional fees or interest or execute a trade and impose the loss of any value in the security on the investor. On the other hand, while securities firms must provide funds or securities certificates to investors "promptly" after settlement of a trade, specific three-day or other deadlines are not set by rules of the Securities and Exchange Commission... Read the rest of this entry »

An Introduction to the Securities Exchange Act of 1934

The Securities Exchange Act contains important provisions barring fraud or misrepresentation in connection with the offer, purchase, or sale of securities. Rule 10b-5 of the Commission is known as the anti-fraud rule. The Act also prohibits insider trading or the selling or purchase of securities based on knowledge not available to the public... Read the rest of this entry »

Reparations for Losses Resulting from Violations of Commodities Trading Laws

Customers may seek reparation of their actual damages, including out-of-pocket trading losses. Punitive damages may be awarded in cases of intentional violations of law or regulation if the violations take place in the execution of an order on the floor of an exchange. Customers with successful claims also may recover their filing fees. Prejudgment interest and necessary litigation costs such as fees for experts may be awarded to customers who successfully file summary or formal proceedings. However, prejudgment interest is not available for the customer who prevails in a voluntary proceeding...

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Liability of Partners and Joint Venturers

What is the legal liability of partners and joint venturers in personal injury actions against the business owners?

Generally, each member of a partnership or joint venture is vicariously liable for the wrongful conduct of another member if the wrongful conduct occurs within the scope and course of the affairs of the partnership or joint venture. Therefore, each member of a partnership or joint venture will be liable for personal injuries caused by another member's negligence if the negligence occurs within the scope and course of the affairs of the business. For example ...

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