FINRA has suspended former LPL Financial investment adviser, James E. “Jeb” Bashaw for failing to disclose to LPL that he borrowed $200,000 from a customer in 2013.
Tagged with "FINRA"
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FINRA Suspends Former LPL Investment Adviser After Borrowing $200,000 From a Client
Posted on May 9th, 2019 at 4:44 PM
Sales in Unregistered Securities Are Soaring but It Comes at a Cost - Part 2
Posted on May 3rd, 2019 at 4:46 PM
This is the second in a series which highlights an InvestmentNews article concerning the recent uptick in the sale of unregistered securities and how those transactions have resulted in the proliferation of fraudulent schemes.
FINRA Fines New Jersey-Based Broker-Dealer, Buckman, Buckman & Reid For Failing to Reasonably Supervise Two Former Financial Advisors
Posted on May 1st, 2019 at 4:28 PM
FINRA has ordered New Jersey-based broker-dealer Buckman, Buckman & Reid Inc. (BBR) to pay approximately $205,000 in restitution to seven customers for failing to reasonably supervise two former financial advisors who recommended excessive and unsuitable trades to their customers.
FINRA Disciplined Four Financial Advisors Stemming from Fallout of the Woodbridge Ponzi-Scheme
Posted on April 26th, 2019 at 4:58 PM
This month, federal prosecutors have filed criminal charges in the Central District of California against former Woodbridge Group of Companies LLC owner, Robert H. Shapiro and two ex-directors, Dane R. Roseman and Ivan Acevedo for their roles in orchestrating a $1.3 billion Ponzi scheme involving a complex web of allegedly phony real estate investments and unregistered Florida-based funds.
SEC and FINRA Expands Initiative to Require Investment Advisers and Brokers to Fully Disclose Their Sales Strategies
Posted on April 24th, 2019 at 5:01 PM
According to the SEC’s disclosure initiatives and examinations, the agency is aiming to require investment advisers to obtain informed consent from their clients by having them acknowledge that they were not sold the least expensive product and that less costly options exist. The SEC’s initiative applies specifically to fee-only RIAs and dully registered investment advisers who sell products to earn commissions.
FINRA Bars Former Morgan Stanley Broker for Failing to Cooperate in an Investigation Regarding His Outside Business Activities
Posted on April 18th, 2019 at 3:16 PM
FINRA has barred Denver, Colorado broker, Daniel Todd Levine for failing to cooperate in an investigation regarding allegations that he engaged in undisclosed outside business activities while working at Morgan Stanley.
FINRA Regulatory Notice 19-10 Provides Guidance to Departing Registered Representatives- Part 3
Posted on April 16th, 2019 at 4:33 PM
On April 5, 2019, FINRA issued Regulatory Notice 19-10 to provide guidance to departing registered representatives on customer communications. This is the third in a series to address the key points in FINRA Regulatory Notice 19-10.
FINRA Issues Regulatory Notice Which Provides Guidance on Customer Communications Related to Departing Registered Representatives- Part 2
Posted on April 15th, 2019 at 4:09 PM
On April 5, 2019, FINRA issued Regulatory Notice 19-10 to provide guidance to departing registered representatives on customer communications. This is the second in a series to address the key points in FINRA Regulatory Notice 19-10.
FINRA Issues Regulatory Notice Which Provides Guidance on Customer Communications Related to Departing Registered Representatives- Part 1
Posted on April 12th, 2019 at 5:04 PM
On April 5, 2019, FINRA issued Regulatory Notice 19-10 to provide guidance on customer communications related to departing registered representatives. This is the first in a series to address the key points in FINRA Regulatory Notice 19-10.
Morgan Stanley Loses Temporary Restraining Order Aiming to Stop Former Investment Brokers from Soliciting Clients
Posted on March 27th, 2019 at 9:28 AM
A Texas judge has denied a temporary restraining order (TRO) filed by Morgan Stanley to prevent two Dallas, Texas-based investment advisers, who left the firm, from soliciting their former clients at their new firm, an independent broker-dealer.
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