FINRA announced today that Raymond James & Associates Inc. has settled charges of providing inaccurate trade confirmations to customers over eight years, totaling at least 1.85 million confirmations. The broker-dealer from St. Petersburg, Florida, has agreed to a $300,000 fine and a censure without admitting or denying any wrongdoing between January 2014 and May 2022. […]
Navigating the financial upheaval of GWG Holdings in 2021 can be challenging and unnerving for investors. One such significant development was the decline in their stock price by 49% between November 2021 and March 2022. This article will offer a thorough examination of crucial updates, developments, potential legal consequences and investor concerns surrounding this company during the turbulent period
GWG 2021: What is Going on with GWG L Bonds Read More »
The SEC has stated that it intends to start public administrative proceedings against a disbarred broker currently serving a lengthy prison term. According to BrokerCheck, New York resident Bradley Reifler, 63, who became a broker in 1986, was barred from the industry in 2018 for refusing to cooperate with the Financial Industry Regulatory Authority’s “investigation
Investing in today’s financial world can feel like a maze of numbers and predictions. Are you looking for fresh investment opportunities or ways to manage your assets effectively? Tackling this challenge often requires diving into the details of companies, such as stocks such as GWG Holdings, Inc., that are now bankrupt. GWGH has made waves
Understanding GWGH: Exploring Financial Services Solutions And Investment Opportunities Read More »
Paul McGonigle, a 67-year-old financial adviser from Middleboro, Massachusetts, pleaded guilty to defrauding his elderly clients and stealing their retirement assets. He allegedly stole at least $1.4 million from the annuities of 15 clients over three years, according to court documents and a statement jointly released by the U.S. Attorney’s Office and the Federal Bureau
Paul McGonigle Pleads Guilty to Defrauding Clients and Stealing Their Retirement Assets Read More »