A class action lawsuit related to GPB investments has been largely dismissed by a federal court in New York.
Tagged with "eccleston"
Federal Court Dismisses Most Claims in Class Action Lawsuit Related to GPB Investments
Posted on December 21st, 2020 at 3:13 PM
Cetera Fined by FINRA
Posted on December 18th, 2020 at 3:10 PM
Cetera Advisor Networks LLC, Cetera Advisors LLC, and Cetera Financial Specialists LLC (collectively the “Cetera Firms”) agreed to pay a fine of $1 million to settle allegations made by FINRA Enforcement.
FINRA Suspends Former CEO of CFG Capital Markets
Posted on December 17th, 2020 at 4:01 PM
Former CFG Capital Markets (“CFGCM”) CEO and Executive Managing Director, Kevin Rast, has agreed to pay a $7,500 fine and serve a four-month suspension from association with any FINRA member firm in any capacity.
Massachusetts State Securities Regulators File Complaint Against Robinhood Financial
Posted on December 16th, 2020 at 4:41 PM
Massachusetts state securities regulators filed an administrative complaint against Robinhood Financial, LLC (“Robinhood”).
SEC Issues Investor Alert for Covid-19-Related Scams
Posted on December 15th, 2020 at 10:49 AM
In an Investor Alert email sent out on December 14, the U.S. Securities and Exchange Commission (“SEC”) warned of an increase in investment scams related to COVID-19.
401(k) Lawsuits Increase in 2020
Posted on December 14th, 2020 at 4:45 PM
New York Yankees Pitcher Aroldis Chapman Sues Former Money Manager
Posted on December 11th, 2020 at 6:25 PM
Aroldis Chapman, pitcher for the New York Yankees, is suing his former financial advisor, Pro Management Resources, alleging that the firm stole $3 million from him.
Infinity Financial Services to Pay $35,000 Fine for Failure to Investigate New Hires
Posted on December 10th, 2020 at 4:22 PM
Infinity Financial Services has agreed to pay a $35,000 fine to settle allegations made by the Financial Industry Regulatory Authority (“FINRA”).
BlueCrest Capital Management Agrees to Pay $170 Million to the SEC
Posted on December 9th, 2020 at 4:19 PM
BlueCrest Capital Management has agreed to pay $170 million to settle allegations from the U.S. Securities and Exchange Commission (“SEC”) that the firm misled investors.
Merrill Lynch to Pay $26 Million to New Hampshire Regulator to Settle Charges of Excessive Trading
Posted on December 8th, 2020 at 3:06 PM
Merrill Lynch has agreed to pay a $2 million fine and $24.3 million in reimbursement to clients to settle an action brought by the New Hampshire Bureau of Securities Regulation.