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ÍøÆØ³Ô¹Ï Blog

Former Advisor Faces Lawsuit Over Mishandling of Premium-Financed Life Insurance Plan

January 9th, 2025 at 2:32 PM
Joshua L. Gottlieb, barred by FINRA in 2017, faces a lawsuit alleging significant financial harm to a client following the sale of a premium-financed indexed universal life (IUL) insurance program. 
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Merrill Lynch Agrees to $4.9 Million Settlement in Overtime Pay Dispute

January 8th, 2025 at 2:03 PM
Merrill Lynch will pay $4.9 million to resolve a class action lawsuit filed by current and former salaried Financial Solutions Advisors (FSAs) who alleged the firm wrongfully denied them overtime pay. As reported by AdvisorHub, a Florida state judge recently approved the settlement, which will compensate eligible FSAs who worked at the firm over the past three years.
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Former Morgan Stanley Advisor Sanctioned for Undisclosed Hotel Business

January 7th, 2025 at 4:20 PM
FINRA has fined Chris S. Stocks, a former Morgan Stanley advisor, $10,000 and suspended him for 30 days for failing to disclose his involvement in a hotel business. 
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JPMorgan Fined $1.8 Million by Singapore Regulator for Misconduct in Bond Transactions

January 6th, 2025 at 12:11 PM
The Monetary Authority of Singapore (MAS) fined JPMorgan Chase & Co. $1.8 million for failing to prevent and detect misconduct by its relationship managers during 24 over-the-counter (OTC) bond transactions between November 2018 and September 2019.
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Next Level Holdings and Yield ÍøÆØ³Ô¹Ïalth Under Federal and State Investigation

January 3rd, 2025 at 12:06 PM
Federal and state authorities are investigating Next Level Holdings and Yield ÍøÆØ³Ô¹Ïalth, two investment firms accused of offering high-yield financial products now facing significant turmoil, according to the Wall Street Journal. 
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Goldman Sachs Launches First-of-its-Kind Bond Securitization

January 2nd, 2025 at 11:40 AM
Goldman Sachs recently introduced a $475 million asset-backed securitization (ABS) deal backed by capital-call loans, a type of financing Goldman provides to fund managers for immediate capital access.
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Understanding Alternative Investments and Risk Management

December 23rd, 2024 at 3:13 PM
Alternative investments once again are gaining traction, according to a recent article in InvestmentNews. 
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FINRA Sanctions Over 60 Advisors for Continuing Education Violations

December 20th, 2024 at 5:17 PM
FINRA has disciplined 62 advisors for cheating on New York’s continuing education (CE) requirements tied to insurance license renewals. 
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GPB Capital Investors See Progress as Court Confirms Receivership

December 19th, 2024 at 1:08 PM
In a significant development for investors in GPB Capital Holdings, the private equity firm will move into receivership following a prolonged legal battle.
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SEC Fines Cantor Fitzgerald $6.75 Million for Misleading SPAC Investors

December 18th, 2024 at 10:53 AM
The Securities and Exchange Commission (SEC) has charged Cantor Fitzgerald, L.P. with causing two special purpose acquisition companies (SPACs) under its control to make misleading statements to investors before their initial public offerings (IPOs). 
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