David Lerner Associates: Energy 11, Energy 12, Spirit of America Energy Funds Lawsuits

Daniel Lerner of David Lerner Associates Faces FINRA Heat Over In-house Fund Sales

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 […]

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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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UBS Yield Enhancement Strategy Lawsuit (FINRA) Filed By Investors For Losses

The UBS Yield Enhancement Strategy (UBS YES) is an investment strategy that aims to boost returns by selling options. However, this strategy can also lead to significant losses if the underlying security moves in the wrong direction. The Yield Enhancement Strategy (UBS YES), introduced by UBS Financial Services in 2015, was touted as an allegedly conservative

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Morgan Stanley Advisor Shaw Good Barred After $4.8 Ponzi Scheme

Formerly registered with Morgan Stanley, Wilmington, North Carolina-based financial advisor Shawn Good has been accused of operating a $4.8 million Ponzi scheme by the Securities and Exchange Commission (SEC). According to reported news, he faces two charges of felony. A federal judge in North Carolina has barred him from selling securities based on the permanent

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Sanctuary Securities Fined For GPB Capital Sales

Sanctuary Securities Fined by FINRA Over GPB Capital Sales (David A. Noyes & Company)

Sanctuary Securities Inc. is the latest casualty of the irregularities over the private placement sale of offerings sponsored by GPB Capital. As per the letter of settlement made available by the self-regulating organization (SRO), it has been fined $60K by the Financial Industry Regulatory Authority (FINRA) for the sale of GPB Holdings II LP and

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