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 »
In deciding whether to award a dispute to a FINRA arbitrator, both parties must agree to the rules of the proceeding. FINRA arbitrators sit in equity rather than law, but they are not required to be attorneys. Because of this, some parties may disagree with their decision and request that an arbitrator is struck. FINRA
FINRA Arbitration vs. Court-Appointed Arbitrators Read More »
The board of CNL Healthcare Properties REIT (CNL) has been approved the estimated net asset value (NAV) of $7.37 for its common stock. Its last approved NAV was $7.38 which had been approved on the 31st of December, 2020. The marginal decline was attributed to “a slight decline in balance sheet assets, partially offset by
As per the settlement letter recently finalized, Lynn Faust, a top South Carolina-based broker of Raymond James & Associates has been barred by the Financial Industry Regulatory Authority (FINRA) for three months, in addition to a fine of $5,000 being levied. The broker in question is Lynn Faust who attracted the censure for unsuitable Unit
Lynn Faust Raymond James Financial Advisor Barred! Read More »