SEC Fines Private Advisor Group $5.8 Million For High Fee Mutual Funds

The United States Securities and Exchange Commission (SEC) announced on Friday that it has imposed a fine against Private Advisor Group in the amount of $5.8 million because the company advised clients to invest in high-fee mutual funds and failed to disclose any conflicts of interest that were associated with those recommendations. Both broker-dealers and […]

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National Realty Investment Advisors (NRIA)

SEC Investigates National Realty Investment Advisors (NRIA) For $630 Million Fraud

A cease and desist has been issued against the National Realty Investment Advisors (NRIA) by the New Jersey Bureau of Securities after the determination of a securities fraud from 2018 through 2022, amounting to approximately $630 million. The NRIA Fund has 1,800 investors from around the country, 380 of them being from New Jersey, as

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Western International Securities (WIS)

SEC Accuses Western International Securities, Five Brokers, Of Reg BI Violations Related to L Bond Sales of $13.3M

Recently a civil suit has been filed by the Securities and Exchange Commission (SEC) against Western International Securities (WIS) about GWG L Bond Sales. A number of broker-dealer’s registered representatives are also named in the suit that alleges violation of the Regulation Best Interest (Reg BI) standards. Specifically, the lawsuit references GWG L Bonds worth $13.3

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