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Former Ameriprise Broker Ordered to Pay $2.2 Million for Elder Exploitation

November 6th, 2025 at 3:23 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Eric A. Dupre to pay nearly $2.2 million in damages to his former firm and two customers following allegations of theft and elder exploitation.
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Former ÍøÆØ³Ô¹Ïlls Fargo Representative Suspended for Unauthorized Texting and Obstruction

November 5th, 2025 at 3:20 PM
The Financial Industry Regulatory Authority (FINRA) has suspended former ÍøÆØ³Ô¹Ïlls Fargo representative Eyan M. Townsend for one year and fined him $10,000 for using personal text messages to conduct business and attempting to obstruct an internal investigation by deleting those communications.
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FINRA Suspends Former Morgan Stanley Advisor Over $180,000 in Improper Transfers

November 4th, 2025 at 9:23 AM
The Financial Industry Regulatory Authority (FINRA) suspended former Morgan Stanley advisor C.J. Kline for two years and imposed a $5,000 fine for allegedly executing more than $180,000 in improper fund transfers between his personal and brokerage accounts.
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Former Florida Broker Pleads Guilty in $2.7 Million Investment Fraud and PPP Loan Scheme

November 3rd, 2025 at 9:53 AM
Former Florida broker Jared Dean Eakes, 34, of Jacksonville, has pleaded guilty to wire and bank fraud in connection with a $2.7 million investment scam and a separate scheme involving over $4.75 million in fraudulent Paycheck Protection Program (PPP) loans, according to U.S. Attorney Gregory W. Kehoe for the Middle District of Florida.
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Department of Labor Sued Over Illegitimate Deferred Compensation Opinion Letter

October 31st, 2025 at 10:13 AM
Three former Morgan Stanley advisors filed suit this week against the U.S. Department of Labor (DOL), claiming the agency exceeded its authority and was unduly influenced when it issued an advisory opinion that sought to undermine their deferred compensation claims.
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SEC Sues Former Franchise Group CEO Over $350 Million Hedge Fund Fraud

October 30th, 2025 at 2:32 PM
The Securities and Exchange Commission (SEC) filed a lawsuit against Brian Kahn, former CEO of Franchise Group Inc., alleging he defrauded investors of more than $350 million in a multi-year investment adviser fraud tied to the collapse of Prophecy Asset Management (Prophecy).
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FINRA Foundation Study Reveals Alarming Investor Susceptibility to Fraudulent Offers

October 29th, 2025 at 1:58 PM
The FINRA Investor Education Foundation (FINRA Foundation) has released preliminary findings from its upcoming report, Investors in the United States: A Report of the National Financial Capability Study.
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UBS Seeks Court Order Against $1.4 Billion Florida Advisory Team Over Client Solicitation Allegations

October 28th, 2025 at 2:29 PM
UBS ÍøÆØ³Ô¹Ïalth Management USA has filed a lawsuit and requested a temporary restraining order (TRO) against a $1.4 billion advisory team that recently departed to join Elevation Point, a ÍøÆØ³Ô¹Ïst Palm Beach-based registered investment advisor launched just 15 months ago.
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FINRA Panel Orders Charles Schwab to Pay Damages Over Structured Product Losses Sold by Vora ÍøÆØ³Ô¹Ïalth Management

October 27th, 2025 at 11:46 AM
A three-person FINRA arbitration panel ordered Charles Schwab & Co. to pay $165,440 in compensatory damages to a former client of Vora ÍøÆØ³Ô¹Ïalth Management, after losses tied to complex structured products.
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Arizona Securities Division Issues Cease-and-Desist Order Against Former LPL Broker Over Crypto Fund Sales

October 24th, 2025 at 9:39 AM
The Arizona Securities Division issued a cease-and-desist order against former LPL Financial advisor Lisa Boisselle and her firm, ÍøÆØ³Ô¹Ïalthwise, alleging violations of state securities laws connected to nearly $1.4 million in cryptocurrency fund sales.
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