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FINRA Proposes Rule Change to Delay Immediate Sanctions Pending SEC Review

July 3rd, 2025 at 9:57 AM
The Financial Industry Regulatory Authority (“FINRA”) has proposed a rule change that would allow broker-dealers and registered representatives to seek a stay of certain disciplinary sanctions before those penalties take effect.
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SEC Panel Calls for Tighter Limits on RIAs' Mandatory Arbitration Clauses

July 2nd, 2025 at 2:16 PM
AdvisorHub reports that the Securities and Exchange Commission’s Investor Advisory Committee has finalized a recommendation urging the Securities and Exchange Commission (“SEC”) to rein in the use of mandatory arbitration clauses by registered investment advisers (“RIA”s).
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State Regulators Fine Five Major Broker-Dealers Nearly $10 Million for Excessive Commission Charges

July 1st, 2025 at 3:01 PM
A coalition of state securities regulators has ordered five broker-dealers — including Edward Jones, LPL Financial, RBC, Stifel, and TD Ameritrade — to pay almost $9.9 million in penalties for overcharging customers on small-value trades.
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SEC Charges New Mexico Investment Advisor with Fee Fraud and Fiduciary Breaches

June 30th, 2025 at 2:46 PM
The Securities and Exchange Commission (“SEC”) has charged David A. Nagler and his firm, New Line Capital LLC, with defrauding clients through deceptive fee disclosures and undisclosed conflicts of interest.  
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FINRA Sanctions Advisor for Accepting $1 Million Inheritance from Client Without Firm Approval

June 27th, 2025 at 12:18 PM
FINRA has fined and suspended veteran advisor Kenneth J. Malm for accepting a $1 million inheritance from a client without receiving the necessary firm approval.
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SEC Charges Marine Veteran in $2.5 Million Ponzi Scheme

June 26th, 2025 at 12:11 PM
The Securities and Exchange Commission (“SEC”) has charged Marine Corps veteran Christopher Aubin with fraud, accusing him of running a $2.5 million Ponzi scheme that defrauded dozens of investors, including several of his former military colleagues.
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FINRA Fines and Suspends Advisor for Selling Away and Receiving Client Loans

June 25th, 2025 at 11:26 AM
The Financial Industry Regulatory Authority (“FINRA”) has sanctioned Jose Antonio “Tony” Navarro for selling unapproved investments and borrowing funds from clients.
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Dr. Cash Sentenced for Defrauding Retirees

June 24th, 2025 at 10:05 AM
Terrence Chalk, an unregistered investment advisor who operated under the alias “Dr. Cash,” has been sentenced to three years in prison for orchestrating a fraudulent investment scheme that defrauded millions from unsuspecting victims.
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FINRA Fines AAG Capital for RILA Exchange Violations

June 23rd, 2025 at 1:47 PM
The Financial Industry Regulatory Authority (“FINRA”) has fined AAG Capital $100,000 and ordered the firm to pay nearly $39,000 in restitution after finding it violated Regulation Best Interest (“Reg BI”) by recommending costly registered index-linked annuities (“RILAs") to retail clients in unsuitable product exchanges.
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SEC Charges Former Real Estate CEO in $46 Million Investment Fraud Scheme

June 19th, 2025 at 11:21 AM
The Securities and Exchange Commission (“SEC”) has charged Kenneth Mattson, former CEO of LeFever Mattson, with orchestrating a $46 million investment fraud scheme that targeted approximately 200 investors, many of them retired senior citizensfrom his church community in California.
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