A $6 million advisor team led by Wade Martin left Morgan Stanley to join RBC Wealth Management-U.S. in October 2020.
Tagged with "lawsuit"
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SEC Files Suit Against Eric Malley and MG Capital Management
Posted on January 12th, 2021 at 9:27 AM
The U.S. Securities and Exchange Commission (“SEC”) has filed a lawsuit against Eric C. Malley, and his company MG Capital Management L.P.
SEC Files Suit Against DeAndre Sears for Role in EquiAlt Ponzi Scheme
Posted on January 7th, 2021 at 3:29 PM
The U.S. Securities and Exchange Commission (“SEC”) has filed a lawsuit against DeAndre P. Sears and his company MASears LLC, also known as Picasso Group
Former Morgan Stanley Advisor Files Lawsuit over Deferred Compensation
Posted on January 4th, 2021 at 3:54 PM
Matthew T. Shafer, a former advisor for Morgan Stanley Wealth Management, has filed a putative class action against Morgan Stanley, AdvisorHub reported.
Advisor Agrees to Refund $2.75 Million in Commissions and Serve One-Year Suspension
Posted on October 23rd, 2020 at 1:44 PM
In a settlement with the Texas State Securities Board, Brooklynn Chandler Willy agreed to pay $2.75 million and have her license as an investment adviser representative suspended for one year.
Wawa to Pay $21.6 Million to Settle ESOP Lawsuit
Posted on July 15th, 2020 at 3:35 PM
Convenience store chain Wawa has agreed to pay $21.6 million to settle a 2018 class-action lawsuit regarding the company’s employee stock option plan (“ESOP”). The settlement is still pending court approval. Wawa previously paid $25 million to settle a class-action lawsuit in 2016 that involved similar allegations relating to Wawa’s ESOP.
UBS Sues Former Advisor
Posted on June 11th, 2020 at 4:22 PM
UBS Wealth Management USA has filed a lawsuit against former advisor, Alexandra VanMeurs. After 13 years at UBS, VanMeurs left the firm in May to join Morgan Stanley. UBS is seeking to enjoin VanMeurs from calling clients she serviced at UBS. Although such lawsuits are not uncommon in the industry, the case has an interesting twist.
Sales in Unregistered Securities Are Soaring but It Comes at a Cost - Part 1
Posted on May 2nd, 2019 at 4:40 PM
This is the first in a series which highlights an InvestmentNews article concerning the recent uptick in the sale of unregistered securities and how those transactions have resulted in the proliferation of fraudulent schemes.
Franklin Templeton Settles 401(k) Class-Action Lawsuit for $14 Million
Posted on February 25th, 2019 at 3:59 PM
Franklin Templeton Investments has agreed to pay approximately $14 million to settle a 2016 class-action lawsuit filed in the U.S. District Court for the Northern District of California.
Commonwealth Financial Network Files Lawsuit and FINRA Arbitration Claim Against Ohio National Life Insurance Company for Fraudulent Variable Annuity Scheme
Posted on November 19th, 2018 at 9:49 AM
In an unprecedented move, Ohio National Life Insurance Company (Ohio National) announced that starting mid-December the company will be terminating its selling agreements with brokerage firms and ceasing payments on all brokers’ trail commissions on variable annuity sales.
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