SagePoint Financial Advisors, a subsidiary of the Advisor Group, has been censured by the Financial Industry Regulatory Authority (FINRA) and a fine of $700K levied for failing to supervise brokers who had a misconduct history. According to a letter of acceptance, waiver, and consent (AWC) shared by FINRA, the findings in this case against SagePoint …
SagePoint Financial Fined 700K and Censured By FINRA Read More »
Sanders Spangler, a former stockbroker who was registered with LPL Financial since October 2005, discloses an employment termination, 6 prior customer disputes as well as a regulatory matter on his BrokerCheck record. LPL Financial discharged him in February 2017 alleging: “Exercising discretionary power in the customer account(s) in violation of firm policy” on his BrokerCheck …
Sanders Spangler (LPL Financial) Barred For Life By FINRA! Read More »
One-time top-ranked broker Antoine Souma (Galliott Capital Advisors) has agreed to a fine of $20,000 and a suspension of two months, levied by the Financial Industry Regulatory Authority (FINRA). Allegations against Souma, who, in 2016, was ranked at number 76 in the list of top 100 financial advisors produced by Barron’s, and headed a team …
Antoine Souma (Galliott Capital Advisors) Suspended and Fined For Inaccurate Reports! Read More »
If you are an investor who has had dealings with Ameriprise stockbroker James Dunn and has either suffered losses or suspected wrongdoing, you are advised to seek expert guidance. At Haselkorn & Thibaut, we have been contacted by several victims of the Virginia-based broker and are undertaking free reviews of their cases. Dunn has a …
Ameriprise Financial James Dunn Facing 5 Customer Claims for a Total of $1.5M Read More »
A customer’s complaint about churning, and partly a self-directed examination, has resulted in Aegis Capital Corporation being sanctioned by the Financial Industry Regulatory Authority (FINRA), primarily for the unsuitable, excessive trading in the accounts of many of its customers. 68 customers found harmed by the activities will receive $1.7 million in restitution from the firm. …
Aegis Capital Corp Fined $2.8M For Excessive Trading and Unsuitability Read More »