A number of firms including UBS, Morgan Stanley, and Bank of America, have been asked by regulators to pay approximately $1.8 billion in the form of penalties for their failures with regard to the preservation of electronic communications of employees. The subject is one that regulators have been concerned about for several years. The levy […]
The sales of complex exchange-traded funds and penny stocks by the advisors of Oppenheimer, and several other matters, have been attracting the interest of regulators for a long time. The company has recently been asked to pay $36.7 million by an arbitration panel of the Financial Industry Regulatory Authority (FINRA) to a set of 8
Oppenheimer Ordered to Pay $36.7 Million Due to Woods Ponzi Scheme Read More »
Investors continue to get more more bad news on GWG Holdings Inc. (GWGH). GWG filed for Chapter 11 protection in the US Bankruptcy Court in the Southern District of Texas (case number 22-90032) on April 21, 2022. Investors are facing massive losses and filed a GWG Holdings lawsuit “FINRA” claim to recover losses for alleged
GWG Holdings Lawsuit (FINRA) Investor October Update Read More »
The sale of proprietary investment funds to clients has led to The Financial Industry Regulatory Authority Inc. (FINRA) investigating Daniel T. Lerner in an effort to establish whether his investment recommendations were suitable. Daniel, a senior executive at David Lerner Associates Inc., is the son of David Lerner, the owner and founder of the eponymous
Daniel Lerner of David Lerner Associates Faces FINRA Heat Over In-house Fund Sales 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 »