FINRA fined Merrill Lynch, Pierce, Fenner & Smith, Inc. $8 million for violations linked to mutual fund sales charge waivers. The fine is part of a settlement involving overcharging practices that date back to 2006. Merrill Lynch failed to offer the lowest-cost share classes to eligible customers like certain charities and retirement accounts. As investors, […]
A financial advisor background check means looking into the history, credentials, and regulatory record of the person managing your money or giving you investment advice. Many experts agree this step is essential for every investor because it can help protect you from scams and unsuitable recommendations. Across the United States, FINRA’s BrokerCheck lets you see
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FINRA recently sanctioned Independent Financial Group LLC (IFG) with a $100,000 fine and a censure after finding the firm allowed a suspended registered representative to continue conducting activity from April through November 2022. IFG agreed to the settlement without admitting or denying the findings and waived any defense based on inability to pay. Below is
FINRA Fines Oak Hills Securities $125K For Violations FINRA fines Oak Hills Securities show how important strict rules are in the financial world. FINRA, which oversees brokerage firms and stock markets, gave Oak Hills Securities Inc. a $125,000 fine for several violations. These included failing to return money owed to investors, not putting invested funds
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Haselkorn & Thibaut Investigates Potential Claims Against Financial Advisors Who Recommended Inspired Healthcare Capital DST Investments Recent developments involving Inspired Senior Living Hamilton DST and its sponsor, Inspired Healthcare Capital, have left many investors facing significant losses and halted distributions. As one of the most troubled Delaware Statutory Trust (DST) investments in the senior housing
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