Tagged with "law"

SEC Advised To Alter Plan Addressing Onerous RIA Arbitration Clauses and Other Senior Protection Issues

Posted on October 21st, 2022 at 1:21 PM
SEC Advised To Alter Plan Addressing Onerous RIA Arbitration Clauses and Other Senior Protection Issues

The Securities and Exchange Commission (SEC) has been urged by several organizations to address investment advisory firms’ use of mandatory arbitration to settle client disputes as well as threats to older investors in its regulatory agenda for the next four years.

Read More »

SEC Charges California Advisory Firm with Operating a Ponzi-Style Scheme

Posted on October 20th, 2022 at 12:49 PM
SEC Charges California Advisory Firm with Operating a Ponzi-Style Scheme

The Securities and Exchange Commission (SEC) has charged JMJ Capital Group and its president, Richard Ramirez, with fraudulently raising millions of dollars from California-based investors. 

Read More »

SEC Charges Former Chicago LPL Advisor For Stealing $1.3 Million From Elderly Client

Posted on October 19th, 2022 at 3:09 PM
SEC Charges Former Chicago LPL Advisor For Stealing $1.3 Million From Elderly Client

The Securities and Exchange Commission (SEC) has charged a former LPL financial advisor for stealing nearly $1.3 million from an elderly client, who suffers from dementia, and utilizing the funds to cover personal and business expenses. 

Read More »

FINRA Updates Sanction Guidelines by Eliminating Suggested Fine Cap

Posted on October 18th, 2022 at 2:19 PM
FINRA Updates Sanction Guidelines by Eliminating Suggested Fine Cap

The Financial Industry Regulatory Authority (FINRA) has updated its sanction guidelines used to determine the level of fines or penalties to impose on firms and their financial advisors. 

Read More »

SEC Charges 16 Financial Advisory Firms Over Recordkeeping Failures

Posted on October 17th, 2022 at 1:20 PM
SEC Charges 16 Financial Advisory Firms Over Recordkeeping Failures

The Securities and Exchange Commission (SEC) has charged 16 financial advisory firms over widespread failures by the firms and their employees to preserve electronic communications. 

Read More »

FINRA Suspends Former Morgan Stanley Advisor Over Unauthorized Trading and Texting

Posted on October 14th, 2022 at 1:05 PM
FINRA Suspends Former Morgan Stanley Advisor Over Unauthorized Trading and Texting

The Financial Industry Regulatory Authority (FINRA) has issued a two-month suspension and a $10,000 fine to a former Morgan Stanley advisor to settle claims pertaining to unauthorized trading and improper use of a personal phone to text clients. 

Read More »

SEC Charges Real Estate Developer with Fraud

Posted on October 13th, 2022 at 12:57 PM
SEC Charges Real Estate Developer with Fraud

The Securities and Exchange Commission (SEC) has charged a Texas-based real estate developer and two other individuals for operating a fraudulent real estate investment offering that generated at least $26 million from nearly 100 investors. 

Read More »

SEC Bars Merrill Manager For Defrauding Client

Posted on October 12th, 2022 at 3:46 PM
SEC Bars Merrill Manager For Defrauding Client

The Securities and Exchange Commission (SEC) has barred an Annapolis, Maryland-based Merrill Lynch managed for defrauding a client from 2016 to 2020. 

Read More »

SEC Fines Raymond James $500,000 Over Supervisory Failures

Posted on October 11th, 2022 at 2:04 PM
SEC Fines Raymond James $500,000 Over Supervisory Failures

The Securities and Exchange Commission (SEC) has imposed a $500,000 fine on Raymond James over its alleged supervisory failures related to a former Tennessee-based advisor. 

Read More »

SEC Charges Former Business News Commentator with Misappropriation of Client Funds

Posted on October 10th, 2022 at 2:59 PM
SEC Charges Former Business News Commentator with Misappropriation of Client Funds

The Securities and Exchange Commission (SEC) has charged James McDonald and his financial advisory firm, Hercules Investments, in connection with two fraudulent securities offerings. 

Read More »

TESTIMONIALS

Previous
Next

Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.

LATEST NEWS AND ARTICLES

December 22, 2025
FINRA Overhauls Arbitration Rules to Rebalance Arbitrator Selection and Codify Forum Practices

The Financial Industry Regulatory Authority (FINRA) has approved significant amendments to its Codes of Arbitration Procedure designed to rebalance public arbitrator selection, increase transparency, and formalize several long-standing practices in the arbitration forum.

December 19, 2025
Industry Groups Press Senate at Advance Financial Exploitation Prevention Act

Several industry associations are urging the U.S. Senate to pass the Financial Exploitation Prevention Act, legislation that would allow mutual fund companies and their transfer agents to delay redemptions when they reasonably suspect elder financial abuse.

December 18, 2025
UBS Warns of Rising Default Risk in Private Credit

A UBS report signals that credit stress likely will intensify next year as borrowers confront inflation, elevated interest costs, and softening consumer conditions.