FINRA has suspended former Mutual Securities investment adviser, Gary L. Pevey from the industry for one year for selling $1.1 million worth of Woodbridge Group of Companies (Woodbridge) investments to his clients.
Tagged with "FINRA"
Page 1 of 17
Former Mutual Securities Investment Adviser Suspended for Recommending Woodbridge Investments
Posted on February 13th, 2019 at 9:34 AM
FINRA to Start Closely Examining How Broker-Dealers are Complying with New Elder Abuse Rules
Posted on February 7th, 2019 at 1:09 PM
During the annual Securities Industry and Financial Markets Association (SIFMA) event in New York, FINRA representatives made it clear that the agency will start probing broker-dealers' compliance with its new rules meant to protect elderly clients from financial abuse and exploitation.
FINRA Panel Awards Two Teachers $2.38 Million in Connection with Fraud Claim
Posted on February 6th, 2019 at 9:57 AM
A FINRA panel has awarded two retired school teachers a total of $2.38 in connection with a claim that they had filed against Virginia-based broker-dealer, Capitol Securities, and its former broker, identified in the award as “Mr. T.”
FINRA Releases its Risk Monitoring and Exam Priorities Letter for 2019-Part 3
Posted on January 25th, 2019 at 3:05 PM
FINRA has released its 2019 Risk Monitoring and Examination Priorities Letter to the public. This is the third in a series highlighting both FINRA’s new priorities, as well as ongoing issues discussed in the Letter.
FINRA Releases its Risk Monitoring and Exam Priorities Letter for 2019-Part 2
Posted on January 24th, 2019 at 3:03 PM
FINRA has released its 2019 Risk Monitoring and Examination Priorities Letter to the public. This is the second in a series highlighting both FINRA’s new priorities, as well as ongoing issues discussed in the Letter.
FINRA Releases its Risk Monitoring and Exam Priorities Letter for 2019
Posted on January 23rd, 2019 at 11:58 AM
FINRA has released its 2019 Risk Monitoring and Examination Priorities Letter to the public. This is the first in a series highlighting both FINRA’s new priorities, as well as ongoing issues discussed in the Letter.
Federal Judge Denies Wells Fargo’s Attempt to Quash Class-Action Arbitration Claim for Overtime Pay
Posted on January 22nd, 2019 at 11:00 AM
A New York federal judge has denied Wells Fargo Advisors’ attempt to vacate a ruling from an American Arbitration Association (AAA) arbitrator that a punitive class-action lawsuit involving unpaid overtime could proceed in arbitration.
FINRA Fines New Jersey Investment Adviser and Firm $4 Million for Stealing from Elderly Client
Posted on January 21st, 2019 at 4:28 PM
FINRA has fined New Jersey advisor, Gary Basralian and his firm, Royal Alliance Associates more than $4 million for stealing money from an elderly client suffering a brain injury from a serious car accident.
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 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.
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.
Page 1 of 17