LPL Financial has been censured by the Financial Industry Regulatory Authority (FINRA) because they failed to supervise an affiliated broker whose outside dealing led to over $650K in losses for one of its customers. They have also been fined $150K. The red flags raised on account of the unidentified broker’s behavior were not picked up […]
Supervisory lapses lead to $150K fine for LPL Financial Read More »
Wausau investment agent and broker Tony Liddell has been barred from practicing after the emergence of information on public records about him not investing almost $2 million that his clients, more than a dozen in number, entrusted him with for investments. His firm was known as Prosper Wealth Management (PWM), and he was registered with Landolt Securities
Landolt Securities Tony Liddell BARRED on $2 Million Fraud Allegations Read More »
Christopher Herwig and Gregory Lindberg, North Carolina-based executives of Standard Advisory Services Limited, an investment advisory company based in Malta, have been charged, along with their firm, by the Securities and Exchange Commission (SEC) for perpetrating a $75 million fraud on clients for the purpose of enriching their companies and themselves. The transactions have not
Standard Advisory Services Limited Investigated In $75 Million Fraud Read More »
James K. Couture, a former broker of LPL Financial, has been barred from the industry by the Securities and Exchange Commission (SEC) after he recently pleaded guilty to charges against him relating to a theft of $2.8 million from 6 clients. This was the second time he had pleaded guilty. The formerly Sutton, Massachusetts-based broker
LPL Financial Advisor James Couture Pleads Guilty to Defrauding Clients Read More »
Cetera Advisors LLC and Cetera Advisor Networks LLC have been charged by the Securities Exchange Commission (SEC) for perpetrating fraud on their advisory clients on account of their failure to disclose several sources through which they earned money. A final judgment against the firm has now been obtained by the SEC. An amended version of
Cetera Advisors Agrees to $5,614,509 Settlement From SEC Read More »