FINRA Enforcement continues to issue Rule 8210 inquiries to former investment bankers at Wells Fargo who had allegedly violated the firm’s dinner expense reimbursement policy.
Tagged with "FINRA"
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Eccleston Law Receives Favorable Results in Its Defense of Former Wells Fargo Investment Bankers Related to Dinner Expense Reimbursements
Posted on January 3rd, 2019 at 4:52 PM
FINRA Fines Morgan Stanley $10 Million for Anti-Money Laundering Supervisory Failures
Posted on January 2nd, 2019 at 5:08 PM
FINRA has fined Morgan Stanley Smith Barney $10 million for anti-money laundering program failures under the Bank Secrecy Act and for its failure to comply with Section 5 of the Securities Act of 1933.
Customer Files FINRA Arbitration Claim Against UBS Over Its Failure to Supervise Former Broker
Posted on December 7th, 2018 at 2:34 PM
UBS Financial Services is facing a claim from a customer that it failed to supervise one of its former brokers, Alex G. Herrera of Coral Gables, Florida.
Ohio National’s Shell Game in Canceling its Insurance Policy
Posted on November 27th, 2018 at 3:43 PM
Sometimes, insurance policies are too good for insureds, and carriers take a bit of a “financial bath”. that is the case with Ohio National’s Guaranteed Minimum Income Benefit Rider (GMIB) Annuity Contract.
Elder Abuse Listed as One of FINRA’s Top Claim Types
Posted on November 12th, 2018 at 2:42 PM
As the baby boomer generation continues to age, FINRA has reported that it has seen a surge in the number of financial exploitation claims filed by senior citizens.
Raymond James Terminates Seven Financial Advisors for Improper Sales of Unit Investment Trusts
Posted on November 5th, 2018 at 4:53 PM
Raymond James has terminated seven financial advisors nationwide for improper sales of unit investment trusts (UITs) as a result of a FINRA regulatory sweep over the supervision of UIT sales by broker-dealers across the country. According to the regulatory filings, the financial advisors were based in Michigan, Florida, and Georgia.
FINRA Arbitration Panel Orders Credit Suisse to Pay Former Advisor More Than $844,000 in Deferred Compensation
Posted on October 30th, 2018 at 4:30 PM
A FINRA arbitration panel has ordered Credit Suisse to pay an advisor more than $844,000 in unpaid deferred compensation accruing until 2015 when the firm shuttered its U.S. wealth management unit.
SEC and FINRA Censure and Sanction Independent Broker-Dealer Cadaret Grant Over Supervisory Failures
Posted on September 14th, 2018 at 5:23 PM
In separate enforcement actions, the SEC and FINRA have censured and fined the Syracuse, New York-based firm, Cadaret Grant & Company, Inc., for its failure to properly supervise the sale of complex products.
FINRA Arbitrator Awards Expungement of 24 Annuity Complaints from Broker’s Record
Posted on September 12th, 2018 at 4:21 PM
A former Securities America broker has won his expungement request to clear his record of 24 customer complaints tied to a single annuity product.
FINRA Study Finds Growth of Hybrid Advisors
Posted on August 15th, 2018 at 9:17 AM
According to the first-ever snapshot of the industry conducted by FINRA, the growth in the number of “hybrid” advisors has exploded, now accounting for some 45% of all registered representatives.
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