The Financial Industry Regulatory Authority (FINRA) has suspended Jimmie Summers for circumventing the procedures at Cetera Financial Group. Summers signed a FINRA Letter of Acceptance, Waiver, and Consent (AWC), in which he consented to a 45-day suspension and $5,000 fine.
Jeffery Carley, the owner of Carley Financial Group, has been accused of running a Ponzi scheme with his customers' funds.
Martin Silver, former managing partner and chief operating officer (COO) at New York’s International Investment Group (IIG), has pleaded guilty to securities fraud, investment advisor fraud, and wire fraud charges.
The Securities and Exchange Commission (SEC) has awarded over $50 million to joint whistleblowers.
Eccleston Law has received several inquiries from financial advisors who recently took the CFP examination and now face an investigation or complaint regarding purported examination misconduct.
The Securities and Exchange Commission (SEC) alleges that George Blankenbaker raised over $11 million from investors through what the Department of Justice (DOJ) has charged to have been wire fraud and money laundering.
J.P. Morgan Securities (J.P. Morgan) has asked the court to issue a temporary restraining order (“TRO”) barring Gabriel Gomez from soliciting his clients and using customer contact information.
The majority of enforcement actions carried out by the Financial Industry Regulatory Authority (FINRA) focuses on advisors who are “bad actors” and have made “clear cut” violations of FINRA member rules and securities laws.
After alleging that Robinhood encourages inexperienced investors to place risky trades without reasonable limits, Massachusetts regulators now seeks the revocation of Robinhood's broker-dealer license in Massachusetts.
Employers in the District of Columbia may no longer utilize non-compete agreements as the Ban on Non-Compete Agreements Amendment Act (the Act) prohibits such agreements for virtually all D.C. employees.
