Legal Proceedings
−Removed: From time to time, we are a party to or
−Removed: otherwise involved in legal proceedings, claims and other legal matters, arising in the ordinary course of our business or otherwise.
−Removed: A subsidiary of the Company is currently involved in one legal proceeding, the outcome of which will not be material to our ability
−Removed: to operate or market our services, our consolidated financial position, results of operations or cash flows.
+Added: From time to time, we are a party to or otherwise
+Added: involved in legal proceedings, claims and other legal matters, arising in the ordinary course of our business or otherwise.
+Added: 16 pending FINRA claims that arise from the sale to clients of alternative investments (REITs, Business Development Loan Funds, and Oil
+Added: and Gas securities).
+Added: While the exposure on these cases would not be material, the costs of defense for legal fees may be substantial.
+Added: Company is evaluating the impact upon operations of the expenses.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.