FINRA Suspends Broker for Unauthorized Transactions
September 25th, 2020 at 8:48 AM
Former JP Morgan Securities broker, Deborah L. Beal, agreed to pay a $5,000 fine and serve a 2-month suspension from association with any FINRA member firm in all capacities.
The Financial Industry Regulatory Authority (“FINRA”) submitted a proposal to the U.S. Securities and Exchange Commission (“SEC”) to amend the Code of Arbitration Procedure relating to expungements.
The U.S. Securities and Exchange Commission (“SEC”) announced that it awarded more than $10 million to a whistleblower as part of the SEC’s Whistleblower program.
SEC Files Suit against Estate of Man Found Dead for Alleged Role in Ponzi Scheme
September 22nd, 2020 at 2:12 PM
The U.S. Securities and Exchange Commission (“SEC”) filed a Complaint against Cygnus Capital Management and the estate of Richard Ventrilla, the firm’s former president and owner.
SEC fines Firm and its CCO for Failure to Supervise and Cover-Up
September 21st, 2020 at 11:45 AM
New-York based adviser and broker-dealer Gilder Gagnon Howe & Co. (“GGH”), along with its CCO Bonnie M. Haupt, have been fined more than $1.7 million by the U.S. Securities and Exchange Commission (“SEC”).
In the last eight days, ProShares UltraPro QQQ (TQQQ) ETF attracted more than $1.5 billion. TQQQ has become sought-after by day traders, despite its risks as a highly leveraged product.
New Jersey Man Charged by SEC in Familiar Trading Fraud
September 11th, 2020 at 2:02 PM
The U.S. Securities and Exchange Commission (“SEC”) has charged RRBB Asset Management, LLC, (“RRBB”) and its president, Carl Schwartz, with fraud. RRBB is based in Maplewood, New Jersey.
