FINRA has barred a former WFG Investment broker by the name of Stuart G. Dickinson for recommending his customers invest in a Ponzi scheme.
This was the best of all possible outcomes and I cannot thank you and the team enough.
FINRA has barred a former WFG Investment broker by the name of Stuart G. Dickinson for recommending his customers invest in a Ponzi scheme.
Ameriprise Financial Services sought to recover unpaid promissory note balances dating back to February of 2009 and 2010 following the rep’s termination of employment in March of 2012. Ameriprise sought approximately $62,000 on the notes, along with interest, attorneys’ fees, and costs.
FINRA voted to move ahead with new regulatory initiatives for broker-dealers. One of which would amend codes of arbitration with the goal of making it tougher for brokers to erase black marks from their public record.
FINRA has launched an ad campaign featuring a service called BrokerCheck. This service compiles a database of every broker’s employment history, certifications and licenses, regulatory actions, and violations. FINRA chairman and CEO Richard Ketchum is worried that investors are not taking careful action when investing large sums of money. He sees BrokerCheck as a quick and easy measure to ensure your money is in safe hands.
In a legal battle between a former advisor and Hightower Holdings, a Washington state court has issued a temporary restraining order (TRO) against the Chicago-based firm.
James Eccleston has been recognized as one of America's Most Honored Lawyers by The American Registry.
Matthew J. Chimento, a former broker at E-Trade Securities in Alpharetta, Georgia, has been barred by FINRA for failing to provide information and documents related to allegations of unauthorized fund transfers from a client's account.