LPL Financial has been censured by the Financial Industry Regulatory Authority (FINRA) because they failed to supervise an affiliated broker whose outside dealing led to over $650K in losses for one of its customers. They have also been fined $150K. The red flags raised on account of the unidentified broker’s behavior were not picked up […]
Supervisory lapses lead to $150K fine for LPL Financial Read More »
There are thousands of financial advisors and brokers in America. A majority of them provide value to their clients. Unfortunately, a small percentage don’t and have complaints against them for selling bad products, misleading investors, or stealing from clients. A great way to see a financial adviser’s complaints is with FINRA’s BrokerCheck. Most financial advisors, brokers,
FINRA Brokercheck: How to Check Out Your Financial Advisor Read More »
Cetera Advisors LLC and Cetera Advisor Networks LLC have been charged by the Securities Exchange Commission (SEC) for perpetrating fraud on their advisory clients on account of their failure to disclose several sources through which they earned money. A final judgment against the firm has now been obtained by the SEC. An amended version of
Cetera Advisors Agrees to $5,614,509 Settlement From SEC Read More »
Alleged supervisory failures, linked to the misdeeds of a broker in the suburbs of Nashville, Tennessee, who is currently in prison, have earned a censure and a fine of $500K from the Securities and Exchange Commission (SEC) for St. Petersburg, Florida-based Raymond James & Associates. The Case The case is about a branch manager flagging
Raymond James Fined $500K By SEC For Failure To Act Read More »
An unsolicited tender offer has been launched to purchase up to 500,000 Class E shares of Griffin RealtyTrust Inc. Griffin is a non-traded, publicly registered real estate investment trust (REIT). The name of Griffin Capital Essential Asset REIT earlier knew it. CMG Partners LLC has made the tender offer. It offers $3.76 per share, which
Griffin Realty Trust Tender Offer By CMG Partners Notice Read More »