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ÍøÆØ³Ô¹Ï Blog

NIL Era Exposes Student-Athletes to Financial Fraud and Uncharted Risks

August 26th, 2025 at 1:50 PM
The evolving world of paying college athletics has opened new revenue streams for student-athletes. According to ÍøÆØ³Ô¹Ïalth Management it has also invited a host of fifinancial dangers that many young players are ill-equipped to manage.
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Former Broker Indicted for $9.7M Ponzi Scheme Involving Fake Bond Investments

August 25th, 2025 at 2:30 PM
Federal authorities have indicted former securities broker Edwin Emmett Lickiss Jr., 77, on wire fraud and money laundering charges for allegedly orchestrating a $9.5 million Ponzi scheme involving at least 50 investors.
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Former Fidelity Advisor Indicted for $2 Million Fraud Targeting Former Client

August 22nd, 2025 at 1:38 PM
Federal prosecutors have charged former Fidelity Investments advisor Eric James Stone with 10 counts of wire and mail fraud and five counts of money laundering, accusing him of orchestrating a $2 million scheme that exploited a former client for personal gain.
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CFP Board Faces Criticism for Omitting Key Disclosures from Public Search Tool

August 21st, 2025 at 3:55 PM
The CFP Board promotes its certificants as the “most trusted” financial professionals and directs consumers to its LetsMakeAPlan.org search tool. However, a Financial Planning analysis reveals a significant gap between the Board’s records and those maintained by FINRA’s BrokerCheck database.
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LPL Financial Faces Lawsuit Over Alleged California Labor Code Violations

August 20th, 2025 at 3:14 PM
LPL Financial is facing a lawsuit in California Superior Court alleging widespread wage and hour violations affecting non-exempt employees across the state.
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UBS Hit with $737,000 FINRA Arbitration Award Over Mismanaged Tesla Options Strategy

August 19th, 2025 at 4:21 PM
UBS Financial Services has been ordered to pay $737,000 in damages and fees after a former Tesla executive accused the firm of mishandling an options strategy involving his concentrated stock position.
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Stifel Drops Advisor Chuck Roberts Amid Legal Fallout from Failed Structured Notes Strategy

August 18th, 2025 at 4:19 PM
Stifel Financial Corp. has parted ways with Chuck Roberts, a high-profile financial advisor whose investment strategies have triggered a wave of costly legal complaints.
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FINRA Bars Former Ameriprise Advisor Over $2.2 Million in Client Loans

August 15th, 2025 at 1:42 PM
The Financial Industry Regulatory Authority (FINRA) has permanently barred former Ameriprise Financial broker Eric A. Dupre for borrowing more than $2.2 million from clients without firm authorization.
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Florida Investment Advisor Accused of Orchestrating $94 Million Fraud Targeting International Clients

August 14th, 2025 at 1:46 PM
Federal prosecutors have charged Andrew Hamilton Jacobus, a former investment adviser based in Fort Lauderdale, Florida, with defrauding international investors of over $94 million over 20 years.
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FINRA Suspends Financial Advisor for Outsourcing Continuing Education Requirements

August 13th, 2025 at 1:50 PM
The Financial Industry Regulatory Authority (FINRA) has suspended advisor Francis G. Smith for one month and fined him $5,000 after finding he had someone else complete required continuing education (CE) coursework on his behalf.
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