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ÍøÆØ³Ô¹Ï Blog

Former Merrill Lynch Advisor Sanctioned by FINRA for Unauthorized Trades

February 10th, 2025 at 1:48 PM
FINRA has fined Anthony J. Seifert, a former Merrill Lynch advisor based in Mount Pleasant, South Carolina, $5,000 and suspended him for 20 days.
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Court Finds American Airlines Breached Fiduciary Duty in 401(k) ESG Case

February 7th, 2025 at 10:02 AM
A federal court ruling against American Airlines has brought attention to the role of environmental, social, and governance (ESG) factors in managing retirement plans.
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SEC Charges LPL Financial with Anti-Money Laundering Failures

February 7th, 2025 at 9:21 AM
The Securities and Exchange Commission (SEC) has charged LPL Financial LLC, a broker-dealer and investment adviser, with multiple violations of anti-money laundering (AML) regulations.
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Vanguard Settles SEC Charges Over Target Date Fund Disclosures for $106 Million

February 6th, 2025 at 4:10 PM
Vanguard has agreed to pay $106.41 million to settle charges by the Securities and Exchange Commission (SEC) over alleged disclosure failures related to its target date retirement funds (TDFs).
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SEC Forms Cryptocurrency Task Force to Develop Clear Regulatory Framework

February 5th, 2025 at 12:02 PM
According to ThinkAdvisor, the U.S. Securities and Exchange Commission (SEC) has announced the creation of a cryptocurrency-focused task force to establish a "comprehensive and clear" regulatory framework for digital assets.
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ÍøÆØ³Ô¹Ïlls Fargo Faces $3.37 Million FINRA Award Over Alleged Elder Exploitation

February 4th, 2025 at 4:37 PM
A FINRA arbitration panel has ordered ÍøÆØ³Ô¹Ïlls Fargo Clearing Services and its advisor, Stephen L. Smith, to pay approximately $3.37 million in damages to the estate of Genell Mathis.
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Bank of America Agrees to Consent Order Over Anti-Money-Laundering Deficiencies

February 3rd, 2025 at 3:50 PM
Bank of America Corp. has entered into a consent order with the Office of the Comptroller of the Currency (OCC) to address deficiencies in its anti-money-laundering (AML) and sanctions compliance programs.
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UBS Settles FINRA Claims Over Supervision of Short-Term Preferred Stock Trades

January 31st, 2025 at 2:21 PM
According to AdvisorHub, UBS ÍøÆØ³Ô¹Ïalth Management USA’s broker-dealer has agreed to pay $3.5 million in sanctions over allegations of supervisory failures related to short-term trading of syndicate preferred stock.
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Two Sigma Settles SEC Charges for Investment Model Failures and Whistleblower Rule Violations

January 30th, 2025 at 4:18 PM
According to SEC.gov, the Securities and Exchange Commission (SEC) recently announced that Two Sigma Investments LP and Two Sigma Advisers LP (collectively, Two Sigma) agreed to settle charges of breaching fiduciary duties, compliance failures, and violations of the SEC’s whistleblower protection rule.
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Robinhood to Pay $45 Million for Multiple Securities Law Violations

January 29th, 2025 at 11:27 AM
Robinhood Securities LLC and Robinhood Financial LLC have agreed to pay $45 million to resolve allegations of widespread securities law violations. According to InvestmentNews, the settlement follows an SEC investigation that uncovered ten distinct regulatory failures spanning several years.
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TESTIMONIALS

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ÍøÆØ³Ô¹Ï just wanted to say thanks for your work in helping us get back some of the money we lost. ÍøÆØ³Ô¹Ï are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. ÍøÆØ³Ô¹Ï really appreciate the work you did.

Allan and Adele

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FINRA Suspends Former Branch Manager for Supervisory Failures Linked to Excessive Trading and Churning

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