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Retail Access to Private Markets Raises Investor Protection and Regulatory Concerns

October 23rd, 2025 at 2:11 PM
Robinhood Markets recently registered its first alternative investment vehicle, Robinhood Ventures Fund I, with the Securities and Exchange Commission (SEC).
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Judge Denies Merrill Lynch's TRO in Advisor Transition

October 21st, 2025 at 2:31 PM
A federal judge has rejected Merrill Lynch’s request for a temporary restraining order (TRO) against a group of former financial advisors who left the firm to launch their own independent practice, OpenArc Corporate Advisory, under Dynasty Financial Partners’ platform with custody at Charles Schwab.
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FINRA Accuses Former MML Broker of Cheating on SIE Exam

October 20th, 2025 at 1:32 PM
Regulators have accused a former MML Investors Services-affiliated broker of cheating on the Securities Industry Essentials (SIE) exam, according to a recent Financial Industry Regulatory Authority (FINRA) enforcement complaint.
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FINRA Fines Oak Hills Securities for Private Placement Misconduct

October 17th, 2025 at 12:19 PM
The Financial Industry Regulatory Authority (FINRA) has censured and fined Oak Hills Securities Inc., an Oklahoma City brokerage, for multiple rule violations over five years.
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FINRA Suspends Former Citigroup Advisor Over Undisclosed Business Activities

October 16th, 2025 at 12:08 PM
The Financial Industry Regulatory Authority (FINRA) has suspended former Citigroup representative Maximiliano Ramirez and fined him $5,000 for engaging in undisclosed outside business activities and investments.
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SEC Accuses Florida Insurance Agent of $52 Million Unregistered Securities Scheme

October 15th, 2025 at 11:33 AM
The U.S. Securities and Exchange Commission (SEC) has filed a complaint against Florida insurance agent Charles D. Oliver, alleging he illegally sold about $52 million in unregistered oil and gas securities to roughly 50 retail investors, including retired seniors.
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Morgan Stanley's Termination of Financial Advisor Highlights Scrutiny Over U-5 Filings

October 14th, 2025 at 3:40 PM
Morgan Stanley recently terminated a 25-year industry veteran in Miami, underscoring the heightened scrutiny surrounding U-5 filings and the challenges that accompany them.
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Morgan Stanley Cuts Advisor Deferrals in 2026 Compensation Plan, Boosting Advisor Payouts

October 13th, 2025 at 1:18 PM
Morgan Stanley ÍøÆØ³Ô¹Ïalth Management announced a significant change to its 2026 compensation plan, cutting advisor deferral rates by half while keeping total pay and grid structures largely unchanged.
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Former Two Sigma Quant Researcher Faces Fraud Charges Over Manipulated Models

October 10th, 2025 at 1:45 PM
Federal prosecutors and the Securities and Exchange Commission (SEC) have filed parallel actions against Jian Wu, a former quantitative researcher at Two Sigma Investments, alleging he secretly manipulated algorithmic trading models to boost his own compensation by millions of dollars.
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Former Merrill Lynch Advisors Fight Allegations of Corporate Raid

October 9th, 2025 at 10:26 AM
A dozen former Merrill Lynch advisors who launched their own firm, OpenArc Corporate Advisory, in Atlanta are pushing back against accusations that they orchestrated a “pre-meditated corporate raid.”
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