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 »
Advisor Efthimios (Tim) Petrou of Ronkonkoma, NY, has recently been suspended by the Financial Industry Regulatory Authority (FINRA), on account of allegations of unsuitable and excessive trading in the account of a 67-year-old client. The client from Georgia is understood to have had little understanding of the stock market. Petrou has also been ordered to
Arive Capital Advisor Tim Petrou Suspended for Churning Read More »
Brook Taube and Seth Taube, former co-chief executive officers of Medley Management, are currently facing charges brought against them by the Securities and Exchange Commission (SEC). These charges allege that they deliberately created an “illusion” of future growth by making misleading statements to investors and clients. The SEC has taken action to hold them accountable
Medley Management Fined $10M and given Cease and Desist Read More »