Tagged with "FINRA"

FINRA Bars Former Bank of America Advisor For Allegedly Misappropriating Client Funds

Posted on February 3rd, 2022 at 11:44 AM
FINRA Bars Former Bank of America Advisor For Allegedly Misappropriating Client Funds

The Financial Industry Regulatory Authority (FINRA) has barred a former Bank of America advisor after he allegedly forged a client’s signature and misappropriated $58,000 of client funds.

Read More »

Former Edward Jones Advisor Suspended For Illegally Borrowing $150K From Client

Posted on January 31st, 2022 at 12:20 PM
Former Edward Jones Advisor Suspended For Illegally Borrowing $150K From Client

The Financial Industry Regulatory Authority (FINRA) has suspended a former Edward Jones advisor who allegedly borrowed $150,000 from a client to cover debts incurred by an unprofitable golf-cart business operated by he and his wife.

Read More »

Top FINRA Initiatives For 2022

Posted on January 25th, 2022 at 1:01 PM
Top FINRA Initiatives For 2022

A host of new initiatives are ahead in 2022 at the Financial Industry Regulatory Authority (FINRA), according to CEO Robert Cook.

Read More »

FINRA Set To Issue Crypto Notice And Consider Expungement Reform

Posted on January 24th, 2022 at 1:38 PM
FINRA Set To Issue Crypto Notice And Consider Expungement Reform

The Financial Industry Regulatory Authority (FINRA) is set to issue a regulatory notice pertaining to cryptocurrency as well as expungement reform.

Read More »

New FINRA Rule Reining In Rogue Brokerages Becomes Effective

Posted on January 5th, 2022 at 1:47 PM
New FINRA Rule Reining In Rogue Brokerages Becomes Effective

The Financial Industry Regulatory Authority (FINRA) adopted a new rule in 2020 that is designed to rein in rogue brokerage firms.

Read More »

FINRA Fines Two Firms Over Mutual Fund Sales

Posted on January 4th, 2022 at 1:16 PM
FINRA Fines Two Firms Over Mutual Fund Sales

The Financial Industry Regulatory Authority (FINRA) has fined Emerson Equity $1.7 million, citing several years of faulty supervision of short-term mutual fund trades.

Read More »

Notable 2021 Ponzi Schemes

Posted on January 3rd, 2022 at 1:16 PM
Notable 2021 Ponzi Schemes

While 2021 was anything but an ordinary year, numerous advisors were indicted for conducting Ponzi schemes similar to previous years.

Read More »

FINRA Suspends Former Wells Fargo Advisor Over $600,000 Bequest

Posted on December 31st, 2021 at 1:14 PM
FINRA Suspends Former Wells Fargo Advisor Over $600,000 Bequest

The Financial Industry Regulatory Authority (FINRA) has levied a 15-month suspension and $20,000 fine on a former Wells Fargo advisor, Gary Wells, for allegedly violating firm and industry policies intended to prohibit potential client conflicts.

Read More »

FINRA Fines Merrill Lynch $1.2 Million Over Delays In Complying With Investigations

Posted on December 29th, 2021 at 1:11 PM
FINRA Fines Merrill Lynch $1.2 Million Over Delays In Complying With Investigations

The Financial Industry Regulatory Authority (FINRA) has levied a $1.2 million fine against Merrill Lynch for allegedly failing to comply with two separate FINRA enforcement investigations, which lead to the suspension of one advisor and the barring of another.

Read More »

UBS, Wells, Other Firms Ordered To Pay $9.5 Million After 529 Savings Plan Sweep

Posted on December 28th, 2021 at 1:10 PM
UBS, Wells, Other Firms Ordered To Pay $9.5 Million After 529 Savings Plan Sweep

The Financial Industry Regulatory Authority (FINRA) agreed to a settlement with at least five investment advisory firms including UBS Wealth Management, Wells Fargo, LPL Financial and MML Investor Services for nearly $9.5 million regarding college savings plan sales violations.

Read More »

TESTIMONIALS

Previous
Next

Thank you so very much for your guidance, patience, and expertise.

Beth and Steve K.

LATEST NEWS AND ARTICLES

March 14, 2025
Apex Clearing to Pay $3.2 Million in FINRA Settlement Over Securities Lending Violations

Apex Clearing, the clearing arm of Apex Fintech Solutions, has agreed to pay $3.2 million to settle FINRA allegations that it failed to ensure customers received compensation for lending their securities.

March 13, 2025
Congress Considers Expanding the Accredited Investor Definition

A recent congressional hearing examined potential reforms to the accredited investor definition, a critical threshold determining who can participate in private market investments.

March 12, 2025
GPB Capital Investors May Receive Some Compensation Under Proposed Distribution Plan

GPB Capital Holdings investors have not received returns on their investments since 2018. According to InvestmentNews, after years of litigation, a court-appointed receiver has submitted a plan to return funds to the 17,000 investors who purchased $1.8 billion in GPB limited partnerships.