In a recent development that has sent shockwaves through the investment community, a serious allegation has been leveled against Peter Maller, a broker and investment advisor associated with Lincoln Financial Advisors Corporation (CRD 3978). The gravity of this case cannot be overstated, as it has the potential to significantly impact the trust and confidence of […]
Financial regulators keep a close eye on big banks. Recently, FINRA fined Morgan Stanley $1 million for breaking market access rules. This happened from August 2019 to June 2023. The firm failed to set up proper controls for financial risks. They also lacked good procedures for supervising market access. Morgan Stanley handles two types of
FINRA Fines Morgan Stanley $1 Million For Market Access Violations Read More »
In a recent development, a serious allegation has been made against Brent Yekisa, a financial advisor at Edward Jones (CRD 250). The complaint, filed by a client on March 5, 2024, alleges theft on the part of Brent Yekisa due to losses in the client’s account. This allegation has significant implications for both the advisor
Brent Yekisa of Edward Jones Facing Serious Theft Allegation from Client Read More »
In a recent development that has sent shockwaves through the investment community, a serious allegation has been leveled against financial advisor Robert Larsen and his firm, Creativeone Securities, LLC. The case, which is currently pending, involves a customer dispute filed on March 5, 2024, claiming that the advisor failed to consider the client’s best interests
JPMorgan Chase & Co. has agreed to pay $151 million to settle claims by the Securities and Exchange Commission (SEC). The SEC accused JPMorgan of misleading customers and failing to act in their best interests. This settlement, announced on October 31, 2024, covers five separate cases against JPMorgan affiliates. The bank will give back $90
SEC Fines JPMorgan Units $151M Over Client Investment Mishandling Read More »