In July 2020, Dean Vagnozzi settled charges brought by the U.S. Securities and Exchange Commission (“SEC”) that alleged that Vagnozzi had sold more than $32 million in unregistered securities offerings and that Vagnozzi acted as an unregistered broker.
FINRA Discusses Regulatory Focus for Registered Index-Linked Annuities
November 12th, 2020 at 2:37 PM
At a recent conference, FINRA CEO Robert Cook provided some guidance on registered index-linked annuities (“RILAs”), according to an article in ThinkAdvisor.
SEC Charges Three Individuals with Acting as Unregistered Brokers
November 9th, 2020 at 2:01 PM
The U.S. Securities and Exchange Commission (“SEC”) announced that it has charged Hughe Duwayne Graham, Donald Lee Howard, and Larry Louis Matyas (collectively, the “Defendants”) with acting as unregistered brokers.
The U.S. Securities and Exchange Commission (“SEC”) announced that it awarded more than $28 million to a whistleblower as part of the SEC’s Whistleblower program.
The U.S. Securities and Exchange Commission (“SEC”) released a Joint Statement from Chairman Jay Clayton as well as the directors of three SEC divisions, which provided guidance regarding complex financial products and retail investors.
FINRA Adopts New Rule for Advisors Holding a Position of Trust
November 3rd, 2020 at 9:24 AM
The Financial Industry Regulatory Authority (“FINRA”) has adopted a new rule that will limit an advisor’s ability to hold a “position of trust” for a client, such as a power or attorney, trustee or executor.
