Displaying 103 results
Broker who took client funds for 17 years is barred
"A broker admitting that he has been ripping off clients for 17 years is beyond troubling," said one attorney.
SEC boots California RIA linked to crypto, private funds
"Nobody knows what’s happening internally in these pooled funds at the retail level," said one plaintiff's attorney.
‘Confidence comes after you make that first step’
Dominique Henderson, founder of DJH Capital and published author, discusses the ideal portfolio, avoiding BOI reporting pitfalls and stepping outside the shadow of imposter syndrome.
Follow the rules, ask questions when using gen AI, Finra tells firms
Amid growing use of generative AI and large language models, the regulator is issuing a crucial reminder for its members.
Critics question Finra as watchdog’s caseload plunges
Enforcement actions hit an all-time low last year while fines plummeted to half of 2016 haul, raising doubts about its effectiveness.
Colorado bars advisor over high-risk options trades
"Buying options is fraught with risk for financial advisors," one attorney noted.
Finra bars two ex-Raymond James advisors who sold unapproved products
Firms must take reasonable steps to avoid financial advisors' selling away, one compliance expert noted.
Cetera welcomes Northwestern Mutual alum to CCO role
The organization revealed Gwen Weithaus, who has more than 30 years' experience, as the new compliance chief for its investment services arm.
Off-channel communications a struggle for most financial firms, says global report
Annual study unpacks compliance headaches and concerns around WhatsApp, electronic communications, social media, and AI.
SEC bars ex-LPL advisor who aided special needs rep’s trading scheme
'Lie, whatever you have to do, to get those trades placed,' one advisor said to the other, according to the SEC.
Prosecutor claims GPB ‘was built on lies’
GPB executives used phony, back-dated documents as part of a scheme to defraud investors, federal prosecutor claims.
Brooklyn-based brokerage TradeZero hit with $250k penalty over finfluencer activities
Finra investigation finds pandemic-era promotions, recordkeeping, and privacy notices to investors breached a raft of rules and regulations.
Principal client wins $7 million claim involving annuities
'The evidence further reflected a pattern of churning,' one executive said about the case.
GPB top executives’ criminal trial to start Monday
'The GPB case is bewildering,' says one senior brokerage executive.
Canadian bank TD sues wealth advisor who “abruptly” exited amid AML probe
The Toronto-based lender says the advisor and a colleague breached contract as they joined Raymond James.
Mind SEC’s new data breach rules, says Finra
The industry regulator is urging member firms to start taking appropriate measures as changes to Regulation S-P take effect.
‘Ponzi schemes are done in the open by bad people’
SEC bars advisors who worked with Georgia Ponzi broker.
KKR REIT makes moves to prop up its NAV
'What KKR is doing is a bold move that favors the investor,' one senior industry executive says.
If a prospectus falls in a forest, does it make a sound?
The SEC's overly cautious approach to change leaves them disconnected from the modern investor and the markets they serve.
CEO of David Lerner faces Finra investigation over product sales
'For a CEO to be investigated by Finra is a pretty serious red flag, traditionally,' says one attorney.
