Tagged with "law"

Prager Metis Becomes First CPA Firm Involved With FTX Scam

Posted on December 5th, 2022 at 1:05 PM
Prager Metis Becomes First CPA Firm Involved With FTX Scam

Prager Metis becomes the first CPA firm to open a Metaverse headquarters in the metaverse platform Decentraland. 

Read More »

BlockFi Files for Bankruptcy as FTX and Star Endorsers Named in Lawsuit

Posted on December 1st, 2022 at 3:13 PM
BlockFi Files for Bankruptcy as FTX and Star Endorsers Named in Lawsuit

BlockFi had paused client withdrawals due to uncertainties with FTX, as the two are closely tied together.

Read More »

FINRA Amends and Delays Expungement Rule Proposal

Posted on November 22nd, 2022 at 1:51 PM
FINRA Amends and Delays Expungement Rule Proposal

The Financial Industry Regulatory Authority (FINRA) once again has amended and delayed a proposed rule change designed to tighten the process for advisors to expunge client complaints from their records. 

Read More »

FINRA Fines Wedbush Securities $850,000 For Allegedly Falsifying Client Statements

Posted on November 21st, 2022 at 2:12 PM
FINRA Fines Wedbush Securities $850,000 For Allegedly Falsifying Client Statements

The Financial Industry Regulatory Authority (FINRA) has fined Wedbush Securities $850,000 to settle allegations that the firm falsified monthly client statements for five years.

Read More »

UBS Seeks Injunction Against $8 Million Indiana RBC Team

Posted on November 18th, 2022 at 1:14 PM
UBS Seeks Injunction Against $8 Million Indiana RBC Team

UBS Wealth Management has asked a federal court to issue a temporary restraining order (TRO) against an $8 million team that departed to RBC Wealth Management in Indianapolis, Indiana. 

Read More »

SEC Charges Creator of Global Crypto Ponzi Scheme and Three U.S. Promoters Over $295 Million Fraud

Posted on November 16th, 2022 at 2:51 PM
SEC Charges Creator of Global Crypto Ponzi Scheme and Three U.S. Promoters Over $295 Million Fraud

The Securities and Exchange Commission has charged Douver Braga, Joff Paradise, Keleionalani Taylor, and Jonathan Tetrault for their roles in Trade Coin Club, which was a fraudulent Ponzi scheme that raised nearly $295 million from over 100,000 investors worldwide. 

Read More »

Former Advisor Receives 20-Year Prison Sentence Over Ponzi Scheme Involving Purchase of Advisors’ Books of Business

Posted on November 14th, 2022 at 1:04 PM
Former Advisor Receives 20-Year Prison Sentence Over Ponzi Scheme Involving Purchase of Advisors’ Books of Business

A former financial advisor who was sentenced earlier this year to 17.5 years in prison for his role in operating a Ponzi scheme now has received a 20-year prison sentence for mail fraud related to the same scheme, according to court documents.

Read More »

FINRA Seeks to Extend Remote Inspections Through 2023

Posted on November 11th, 2022 at 12:55 PM
FINRA Seeks to Extend Remote Inspections Through 2023

The Financial Industry Regulatory Authority (FINRA) is once again seeking to extend a temporary rule permitting financial advisory firms to remotely examine branch offices. 

Read More »

Hartman Short Term Income Properties Hires Raymond James to Consider Strategic Alternatives

Posted on November 9th, 2022 at 2:55 PM
Hartman Short Term Income Properties Hires Raymond James to Consider Strategic Alternatives

A publicly registered non-traded real estate investment trust, Hartman Short Term Income Properties, has announced that its board of directors has hired Raymond James to help the business pursue strategic alternatives. 

Read More »

Former Securities America Advisor Charged with Misappropriating $260,000

Posted on November 8th, 2022 at 1:20 PM
Former Securities America Advisor Charged with Misappropriating $260,000

The Financial Industry Regulatory Authority (FINRA) has barred a former Securities America advisor who allegedly misappropriated $260,000 from clients.

Read More »

TESTIMONIALS

Previous
Next

That is just fantastic! Thank you very much!

Julie N.

LATEST NEWS AND ARTICLES

July 1, 2025
State Regulators Fine Five Major Broker-Dealers Nearly $10 Million for Excessive Commission Charges

A coalition of state securities regulators has ordered five broker-dealers — including Edward Jones, LPL Financial, RBC, Stifel, and TD Ameritrade — to pay almost $9.9 million in penalties for overcharging customers on small-value trades.

June 30, 2025
SEC Charges New Mexico Investment Advisor with Fee Fraud and Fiduciary Breaches

The Securities and Exchange Commission (“SEC”) has charged David A. Nagler and his firm, New Line Capital LLC, with defrauding clients through deceptive fee disclosures and undisclosed conflicts of interest.

 

June 27, 2025
FINRA Sanctions Advisor for Accepting $1 Million Inheritance from Client Without Firm Approval

FINRA has fined and suspended veteran advisor Kenneth J. Malm for accepting a $1 million inheritance from a client without receiving the necessary firm approval.