JPMorgan Structured Notes Investigated By Investment Fraud Lawyers

Haselkorn & Thibaut is currently investigating client losses JPMorgan Chase Auto Callable Contingent Interest Notes Linked to the S&P GSCI® Crude Oil Index Excess Return (SPGCCLP). It is alleged that many of the products were recommended to their clients without disclosing the risk and disclosures. As a result, many investors with conservative risk profiles have …

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Supervisory lapses lead to $150K fine for LPL Financial

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 …

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FINRA Brokercheck: How to Check Out Your Financial Advisor

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, …

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Cetera Advisors Agrees to $5,614,509 Settlement From SEC

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 …

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Raymond James Fined $500K By SEC For Failure To Act

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 …

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