FINRA Arbitration Archives – Page 18 Of 21

Violation Tracker Memo as of April 2018

Even with the 2008-2009 financial crisis in the rear-view mirror, some of the most trusted names in the financial services industry have paid substantial fines and penalties since 2010. Goodjobsfirst.org/ViolationTracker.com and FINRA Brokercheck websites provide the following examples: Bank of America According to the Violation Tracker website (goodjobsfirst.org/violation-tracker.com), penalty and fines (since 2010) for Bank […]

Violation Tracker Memo as of April 2018 Read More »

JP Morgan Investment Loss?

JP Morgan recently reported financial earnings, and it seems like a distant memory that in December 2015, JP Morgan paid a $267 million fine to the SEC. The SEC Press Release refers to improper disclosures to customers as well as improper efforts by employees of JP Morgan to steer customer investments into proprietary mutual funds and

JP Morgan Investment Loss? Read More »

Fiduciary Rule Equalizes System For Clients, Financial Advisors

U.S. financial advisors will now be required to put their clients’ best interests before their own profits. This new law is known as the Department of Labor’s (DOL’s) fiduciary rule or standard. FINRA is now holding this standard. Prior to this rule, financial advisors were not required to put their clients’ financial interests first. They

Fiduciary Rule Equalizes System For Clients, Financial Advisors Read More »

SEC Prepares Civil Enforcement Action Against SEC Merrill Lynch

In an article in the Wall Street Journal on Wednesday, June 22, 2016, it was announced that the Securities and Exchange Commission (SEC) is preparing a civil enforcement action against sec Merrill Lynch relating to the issuance of structured products investments in 2010. A structured product (oftentimes referred to as a structured note) is a

SEC Prepares Civil Enforcement Action Against SEC Merrill Lynch Read More »

The Sun has Set at SunEdison – The Company is Bankrupt!

The securities arbitration and investment litigation group is currently investigating cases relating to client investments in SunEdison, Inc. (SunEdison Ticker Symbol: SUNE), one of the nation’s largest providers of electricity and renewable energy, which announced on April 21, 2016, that it has filed for Chapter 11 Bankruptcy. In a press release, SunEdison stated that its

The Sun has Set at SunEdison – The Company is Bankrupt! Read More »