Tagged with "law"

Merrill to Discontinue 3% Withholding on Financial Advisor Pay

Posted on November 7th, 2022 at 1:16 PM
Merrill to Discontinue 3% Withholding on Financial Advisor Pay

Merrill Lynch has announced plans to discontinue a 2019 pay cut program in a rare concession to its sales force amidst a period of elevated attrition, according to AdvisorHub sources.

Read More »

SEC Bars California Advisor For Fraud

Posted on November 3rd, 2022 at 3:22 PM
SEC Bars California Advisor For Fraud

The Securities and Exchange Commission (SEC) has barred a California-based financial advisor and his firm for engaging in fraud. 

Read More »

FINRA Orders Raymond James to Pay $1.1 Million For Overcharges and Supervisory Failures

Posted on November 2nd, 2022 at 3:11 PM
FINRA Orders Raymond James to Pay $1.1 Million For Overcharges and Supervisory Failures

The Financial Industry Regulatory Authority (FINRA) has ordered Raymond James to pay at least $1.1 million over supervisory failures that resulted in excessive commissions charged to clients as well as unauthorized changes to account designations on trades. 

Read More »

Regulators Report Surges In Investment Scams Targeting The Elderly

Posted on November 1st, 2022 at 1:14 PM
Regulators Report Surges In Investment Scams Targeting The Elderly

The Federal Trade Commission (FTC) has announced that older investors lost $147 million due to investment scams in 2021, which constitutes a massive 213% increase from 2020.

Read More »

FINRA Fines Janney Over Compliance Failures Related to Two Advisors

Posted on October 31st, 2022 at 11:41 AM
FINRA Fines Janney Over Compliance Failures Related to Two Advisors

The Financial Industry Regulatory Authority (FINRA) has fined Janney Montgomery Scott, a regional financial advisory firm, $245,000 due to compliance failures that permitted two advisors to over-concentrate 11 clients in energy equities.

Read More »

SEC Charges Crew Capital Group and Estate of Steven Swensen Over Fraudulent Investment Scheme

Posted on October 28th, 2022 at 11:38 AM
SEC Charges Crew Capital Group and Estate of Steven Swensen Over Fraudulent Investment Scheme

The Securities and Exchange Commission (SEC) has charged Crew Capital Group and the estate of Stephen Swensen, who was formerly a financial advisor, for orchestrating a fraudulent investment scheme that generated nearly $29 million from at least 50 investors between 2011 and 2022. 

Read More »

SEC Probes Financial Advisory Firms’ Use of WhatsApp and Other Messaging Platforms

Posted on October 27th, 2022 at 2:51 PM
SEC Probes Financial Advisory Firms’ Use of WhatsApp and Other Messaging Platforms

The Securities and Exchange Commission (SEC) is investing whether financial advisory firms used WhatsApp or other outside messaging platforms to communicate with clients.

Read More »

FINRA Imposes First Fine For Reg BI Violation

Posted on October 26th, 2022 at 1:53 PM
FINRA Imposes First Fine For Reg BI Violation

The Financial Industry Regulatory Authority (FINRA) has issued a six-month suspension and a $5,000 fine to a former financial advisor in the regulator’s first disciplinary action related to Regulation Best Interest (Reg BI). 

Read More »

FINRA Fines UBS and Barclays Capital Over Trading Violations

Posted on October 25th, 2022 at 1:59 PM
FINRA Fines UBS and Barclays Capital Over Trading Violations

The Financial Industry Regulatory Authority (FINRA) has fined UBS Securities $2.5 million for violating a rule regarding a common problem known as a “failure to deliver”, which could lead to the potential sale of securities that an investor does not own or has not borrowed. 

Read More »

SEC Charges Florida Man and French National with $40 Million Securities Fraud

Posted on October 24th, 2022 at 12:58 PM
SEC Charges Florida Man and French National with $40 Million Securities Fraud

The Securities and Exchange Commission (SEC) has charged a Florida-based real estate agent, Fernando Bastos, and a resident of France, Joao Fonseca, as well as four entities they owned for orchestrating an investment fraud.

Read More »

TESTIMONIALS

Previous
Next

You were most helpful with my FINRA deposition. You are a good lawyer and a good person.

Dan B.

LATEST NEWS AND ARTICLES

January 15, 2026
FINRA Flags Risks of Early Withdrawals and Exchanges in Registered Index-Linked Annuities

The Financial Industry Regulatory Authority (FINRA) has issued a renewed warning to the industry about the risks consumers face when they exit registered index-linked annuities (RILAs) before the end of the contract term.

January 14, 2026
FINRA Fines and Suspends Wells Fargo Advisor Over Fictitious Expense Claims

The Financial Industry Regulatory Authority (FINRA) fined and suspended a Wells Fargo Advisors representative in Waco, Texas, after finding that he submitted fictitious business expense claims, according to a FINRA Acceptance, Waiver and Consent (AWC) letter.

January 12, 2026
Florida Man Indicted in $36 Million Investment Fraud Scheme

According to news sources, federal prosecutors allege that a Florida man orchestrated a multimillion-dollar Ponzi scheme that funded a luxury lifestyle built on stolen investor money, according to the U.S. Department of Justice.