Tagged with "securities"

FINRA Issues Warning of Fraud Linked to Low-Priced Securities

Posted on February 12th, 2021 at 7:46 AM
FINRA Issues Warning of Fraud Linked to Low-Priced Securities

The Financial Industry Regulatory Authority (FINRA) warns of potentially fraudulent activity involving low-priced securities offerings.

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Beware of Scams Related to Coronavirus

Posted on April 17th, 2020 at 3:40 PM
Beware of Scams Related to Coronavirus

State securities regulators are warning that the current financial climate is likely to lead to a surge in investment scams related to coronavirus.  The North American Securities Administrators Association (“NASAA”) warned that scammers will try to take advantage of the fear and uncertainty in the financial market resulting from the coronavirus pandemic.  

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2019 Securities Class Action Settlement Remain High

Posted on March 5th, 2020 at 2:53 PM
2019 Securities Class Action Settlement Remain High

According to a report released by Cornerstone Research, the median settlement for securities class actions in 2019 was $11.5 million, which was unchanged from the 2018 median.  The 2018 and 2019 median was approximately 34% above the median for the period between 2010 and 2018.  In 2019, there was a decrease in the number of small securities class action settlements and an increase in mid-sized settlements.  Additionally, 2019 saw four mega settlements over $100 million.

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SEC Seeks Public Comments on Ways to Ease Access to Private Placements

Posted on June 25th, 2019 at 5:40 PM
SEC Seeks Public Comments on Ways to Ease Access to Private Placements

The Securities and Exchange Commission (“SEC”) recently requested public comments on easing access to private placements, according to their concept release.

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Sales in Unregistered Securities Are Soaring but It Comes at a Cost-Part 3

Posted on May 6th, 2019 at 5:11 PM
Sales in Unregistered Securities Are Soaring but It Comes at a Cost-Part 3

This is the third 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.

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Sales in Unregistered Securities Are Soaring but It Comes at a Cost - Part 2

Posted on May 3rd, 2019 at 4:46 PM
Sales in Unregistered Securities Are Soaring but It Comes at a Cost - Part 2

This is the second 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.

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Sales in Unregistered Securities Are Soaring but It Comes at a Cost - Part 1

Posted on May 2nd, 2019 at 4:40 PM
Sales in Unregistered Securities Are Soaring but It Comes at a Cost - Part 1

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.

Read More »

FINRA Bars Former Morgan Stanley Broker for Failing to Cooperate in an Investigation Regarding His Outside Business Activities

Posted on April 18th, 2019 at 3:16 PM
FINRA Bars Former Morgan Stanley Broker for Failing to Cooperate in an Investigation Regarding His Outside Business Activities

FINRA has barred Denver, Colorado broker, Daniel Todd Levine for failing to cooperate in an investigation regarding allegations that he engaged in undisclosed outside business activities while working at Morgan Stanley.

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FINRA Bars Ex-MML Broker for Selling $3.5 Million of Woodbridge Promissory Notes

Posted on March 5th, 2019 at 9:17 AM
FINRA Bars Ex-MML Broker for Selling $3.5 Million of Woodbridge Promissory Notes

FINRA has barred former MML Investor Services, LLC broker, Floyd Powell for failing to disclose to his firm that he sold unregistered promissory notes to 11 customers and received $104,000 in commissions as a result of the transactions.

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North Dakota Securities Department Reaches Settlement with Ponzi Scheme Operator

Posted on August 10th, 2017 at 9:19 AM

The North Dakota Securities Department has settled an investigation against Minneapolis-based Questar Capital Corporation broker, Kevin Wanner.

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LATEST NEWS AND ARTICLES

December 9, 2022
FINRA Reminds Firm To Monitor For “Red Flags” In Options Trading Applications

The Financial Industry Regulatory Authority (FINRA) has released an announcement reminding firms that recommend options trading for clients to be constantly monitoring for “red flags” on customer applications.

December 8, 2022
FINRA Orders Morgan Stanley to Pay $697,897 Over Failure to Supervise Nine Advisors

The Financial Industry Regulatory Authority (FINRA) has ordered Morgan Stanley to pay $697,897, including a $200,000 fine and $497,897 in restitution, for failing to adhere to its own procedures for supervising its advisors’ high-risk recommendations. 

December 7, 2022
FINRA Bars Former Northwestern Mutual Advisor For Allegedly Cheating on CFP Exam

The Financial Industry Regulatory Authority (FINRA) has barred a former Northwestern Mutual advisor after he failed to cooperate with the regulator’s probe into the Certified Financial Planner Board of Standards’ (CFP Board’s) decision to bar the advisor for alleged “exam misconduct.”