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ÍøÆØ³Ô¹Ï Blog

J.P. Morgan Loses TRO Bid Against Former Advisor

March 14th, 2022 at 1:28 PM
A New Jersey federal court has denied J.P. Morgan’s request for a temporary restraining order (TRO) against an advisor who joined ÍøÆØ³Ô¹Ïlls Fargo in February 2022.    
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Recent Morgan Stanley Recruiting Video Directly Criticizes Merrill Lynch

March 11th, 2022 at 2:27 PM
A recently-produced Morgan Stanley recruiting video that managers can use to convince potential recruits to join the firm directly criticizes its rival, Merrill Lynch.  
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SEC Charges Venture Capital Fund Advisor With Misleading Investors

March 10th, 2022 at 12:04 PM
The Securities and Exchange Commission (SEC) has charged venture capital fund advisor Alumni Ventures Group (AVG) with misleading clients about its management fee structure and participating in inter-fund transactions, which violated fund operating agreements.  
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FINRA Issues FAQ On Senior Exploitation Rules

March 9th, 2022 at 12:58 PM
The Financial Industry Regulatory Authority (FINRA) has released a frequently asked questions (FAQ) guidance on new rules the regulator has enforced pertaining to financial exploitation of seniors.    
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Massachusetts Regulators Charge Broker-Dealer Over Unsuitable Sales of Leveraged ETFs

March 8th, 2022 at 11:31 AM
Massachusetts securities regulators have charged a broker-dealer with allegedly failing to adequately monitor advisors who sold unsuitable leveraged exchange-traded funds (ETFs) through another firm, which caused investors to lose $2.3 million.     
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ÍøÆØ³Ô¹Ïlls Fargo Deemed ‘Vindictive’ In Former Advisor’s Arbitration Win

March 7th, 2022 at 2:37 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded a former ÍøÆØ³Ô¹Ïlls Fargo advisor $1.43 million in a dispute pertaining to the advisor’s termination from the firm.    
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Notable February 2022 Ponzi Schemes

March 7th, 2022 at 9:08 AM
As we turn the calendar over to March, let’s recap some of the notable investment advisors who were indicted for conducting Ponzi schemes in February 2022.       
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UBS Triggers Margin Calls After Russia Bond Values Plummet

March 3rd, 2022 at 3:24 PM
UBS Group has triggered margin calls on some of its wealth management clients who use Russian bonds as collateral for their investments after the value of debt issued by the country and its businesses plummeted.    
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ÍøÆØ³Ô¹Ïlls Fargo Announces That Labor Department Is Investigating Its 401(k) Plan

March 2nd, 2022 at 12:33 PM
The U.S. Department of Labor (DOL) and other federal agencies are probing ÍøÆØ³Ô¹Ïlls Fargo & Co.’s 401(k) plan, according to the firm’s most recent SEC 10-k regulatory filing.    
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Allianz Terminates Two Portfolio Managers After Investment Fund Collapses

March 1st, 2022 at 1:47 PM
Allianz has fired two portfolio managers who monitored a group of investment funds that failed after generating massive losses at the outset of the pandemic, and after the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) announced plans to investigate.    
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