Daniel Hee, a former advisor at UBS Wealth Management USA, and Joseph D. Olheiser, a former Morgan Stanley advisor, have each been ordered by FINRA to pay a $5,000 fine and serve a ten-day suspension from association with any FINRA member firm in any capacity.
Kurt J. Gunter, a former Stifel advisor, has agreed to pay a $10,000 fine and serve a three-month suspension from association with any FINRA member firm in any capacity.
Alpine Securities Corp, a respondent in a FINRA Enforcement arbitration, has filed a lawsuit in federal court in Utah seeking to enjoin FINRA from holding an enforcement arbitration hearing virtually, Law360 reported.
At a recent conference, FINRA CEO Robert Cook provided some guidance on registered index-linked annuities (“RILAs”), according to an article in ThinkAdvisor.
Former Wells Fargo advisor, David R. Oakes, agreed to serve a six-month suspension from association with any FINRA member firm in any capacity.
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.
Former Merrill Lynch advisor, Andrew LeBlanc II, agreed to pay a $20,000 fine and serve a six-month suspension from association with any FINRA member firm in any capacity.
Former SagePoint Financial advisor, Troy R. Baily, agreed to pay a $5,000 fine and serve a six-month suspension from association with any FINRA member firm in any capacity.
Sean Michael Refsnider, a former registered representative at Ameriprise, has agreed to a bar from association in all capacities with any FINRA member.
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.
