Advisor Agrees to Refund $2.75 Million in Commissions and Serve One-Year Suspension
October 23rd, 2020 at 1:44 PM
In a settlement with the Texas State Securities Board, Brooklynn Chandler Willy agreed to pay $2.75 million and have her license as an investment adviser representative suspended for one year.
Another Advisor Barred for Failure to Cooperate with FINRA Investigation
October 22nd, 2020 at 3:49 PM
Sean Michael Refsnider, a former registered representative at Ameriprise, has agreed to a bar from association in all capacities with any FINRA member.
As part of the new CFP Board Code of Ethics & Standards of Conduct, CFP professionals’ obligations differ depending on whether they are simply providing financial advice or are engaging in “financial planning.”
SEC Reverses Course, Awards $800,000 to Whistleblower
October 16th, 2020 at 1:58 PM
The U.S. Securities and Exchange Commission (“SEC”) issued an $800,000 whistleblower award. As reported by Law360, what is unusual about this award is that it comes after the SEC initially denied the award claim and then subsequently reversed course.
The Financial Industry Regulatory Authority (“FINRA”) announced that all in-person arbitration and mediation proceedings will be postponed through the rest of 2020 due to COVID-19.
Advisor Barred for Failure to Cooperate with FINRA Investigation
October 14th, 2020 at 11:44 AM
Neil James Buono, a former registered representative at Pruco Securities, has agreed to a bar from association in all capacities with any FINRA member.
