Advisor Barred for Failing To Comply with FINRA Enforcement Requests
April 9th, 2021 at 10:29 AM
FINRA Enforcement has barred Roderick Day pursuant to Rule 8210 after he failed to comply with document and information requests in connection with an investigation of his alleged outside business activities.
Interactive Brokers and Schwab Plan to Fight $4.6 Million Arbitration Award
April 8th, 2021 at 2:30 PM
Interactive Brokers and Charles Schwab are committed to fighting a FINRA decision that ordered the companies to pay $4.6 million over high-frequency trading gone wrong.
Insurance Litigation Yields Diverse Results As COVID-19 Pandemic Stretches into the Second Year
April 7th, 2021 at 12:25 PM
As the COVID-19 pandemic stretches into the second year, many businesses continue to struggle with lost revenue from past or current shutdown orders and reduced-capacity limitations.
Merrill Lynch Seeks TRO to Stop Transitioning Tennessee Advisor Team
April 2nd, 2021 at 9:39 AM
Merrill Lynch has requested that a judge block a team of Wells Fargo Advisors from contacting their former customers, purportedly in violation of their employment and bank referral agreements.
SEC Releases Guidance on Compliance with The Investment Adviser Marketing Rule
March 31st, 2021 at 10:02 AM
The Securities and Exchange Commission (SEC) released guidance concerning industry advisor's compliance with the new Investment Adviser Marketing rule.
A DIY Settlement Attempt with Client Results in Former Edward Jones Advisor's Suspension
March 30th, 2021 at 11:14 AM
The Financial Industry Regulatory Authority (FINRA) has fined, and suspended John O'Bannon after Bannon attempted to settle with a client without Edward Jones' knowledge.
Edward Jones Agrees to Settle Racial Discrimination Suit for $34 Million
March 29th, 2021 at 9:39 AM
Edward Jones has agreed to pay $34 million to settle a racial discrimination class action suit filed in 2018 on behalf of both current and former Black financial advisors.
