Displaying 1932 results
Be leery of ‘bondlike’ claims of investment products
With clients desperately searching for yield, advisers need to be leery of the marketing claims associated with some fixed-income products, warns Bruce Kelly.
SEC charges Belesis, hedge fund manager with fraud
Troubles mount for beleagured B-D owner as Commission files charges; Finra in the wings
Attorney: Belesis firm faces new Finra query
Ex-brokers' lawyer claims intimidation from B-D
Finra zeroing in on practices involved in sales to seniors
The Financial Industry Regulatory Authority Inc. is gathering data from firms regarding the products they market to seniors,…
$1.5M arb judgment forces B-D to declare bankruptcy, deregister
A Finra arbitration panel has ordered Cambridge Legacy Securities to pay an investor $1.5 million over private placements
Heiress: LPL rep took me for a ride
An heiress to the Knott’s Berry Farm theme park is seeking $8.5 million in an arbitration claim against…
Charges tossed, but Finra gadfly not home-free yet
After dodging a fraud charge last week, regulatory gadfly Richard Goble could be set to make a comeback.
Appeals court sides with Finra critic
Overturns Goble's fraud conviction; lifetime ban from securities industry now up in the air
Bizarre war of words
Finra’s announcement of a $14.3 million settlement with David Lerner Associates Inc. sparked a verbal donnybrook that illustrates…
Bad news for Lerner in REIT flap
David Lerner Associates Inc. isn't out of the legal woods despite the stiff sanctions leveled against it last week over the firm's sale of nontraded REITs and municipal bonds.
Finra board member resigns in wake of charges
Joel Blumenschein, an industry governor for the Financial Industry Regulatory Authority Inc., has resigned his board seat after feeling pressure to step down following recent charges in a failure-to-supervise case.
Dark clouds shadowing IBD owner
Media darling Anastasios “Tommy” Belesis and his firm are being investigated by the FBI, Finra and the SEC
Finra upped fines by 15 percent last year, study shows
Data reveals that Finra up its fines in 2012 by 15 percent. Disciplinary actions were up as well. Dan Jamieson breaks down the numbers
Finra collecting conflict data from 14 firms
Looking to find practices that might put investors at risk
Schapiro’s next gig looks to be at General Electric
Mary Schapiro, the former chairman of the Securities and Exchange Commission, has been nominated to be a member…
Forgivable loan is forgiven
Former Lehman broker scores rare arbitration win
Rep banned after NFL players lost $43M
Recommended that players invest in a casino project that led to massive losses
Regulators bare their teeth on excessive fees
Moves this week by Finra and the SEC signal watchdogs are ready to pounce on anyone overcharging clients.
Industry arbitrators may not disappear, after all
Some observers have speculated that industry arbitrators may become a thing of the past. Three-person arbitration panels…
Ensuring class actions the right thing to do
If class actions are taken off the table, investors who have been victimized by brokers will be hurt. Perhaps just as importantly, a tool that helps keep the brokerage industry honest will no longer be in place.
