Walter F. Grenda Jr., a broker located in New York, has been barred by the SEC for putting his retired clients in a risky hedge fund.
If you find yourself in trouble with the regulators, call Eccleston Law, you won't regret it.
Walter F. Grenda Jr., a broker located in New York, has been barred by the SEC for putting his retired clients in a risky hedge fund.
The SEC has ordered Missouri based brokerage firm Edward Jones to pay $20 million as a fine for overcharging retail customers in new municipal bond sales.
The SEC is pursuing charges against Equity Trust Co., a Ohio based IRA provider. The SEC alleges that Equity Trust was “ignoring red flags for accounts with investments that turned out to be fraudulent.”
The SEC announced charges against Mark P. Welhouse. Welhouse is accused of “cherry-picking,” allocating appreciated in value options trades to personal accounts, while allocating depreciated in value trades to clients.
A houston-based firm has won a rare victory against the SEC in a case focused on advisers, accepting payments from brokerage firms.
Veros Partners, an investment advisor located in Indiana, and its president Michael Haab, have been charged by the SEC for allegedly running a $15 million Ponzi scheme.
The SEC charges that Gray Financial Group has breached its fiduciary duty by steering pension fund clients in the city of Atlanta to invest in products owned by the company. The firm profited handsomely after it convinced four pension fund plans to invest over $80 million in funds owned by the company.
Veros Partners, its president Michael Haab and associates Jeffery Risinger and Tobin Senefeld have been charged by the SEC for allegedly running a $15 million Ponzi scheme.
The SEC filed suit against Texas businessman Brian J. Polito and his company GC Resources, LLC for defrauding investors through the sale of interests in oil and gas wells that the company never owned.
A recent analysis by Golsan Scruggs reveals a staggering 231 percent increase in errors-and-omissions (E&O) liability claims among registered investment advisor (RIA)
insurers.
According to a recent analysis, Reg BI-related actions quickly have ascended to the top five issues for FINRA, with fines totaling $6 million in 2023.
The Financial Industry Regulatory Authority (FINRA) has imposed fines and censured independent broker-dealers Osaic Wealth and Securities America for cybersecurity deficiencies that led to hackers accessing the private information of more than 32,000 customers.