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Former Financial Advisor Sentenced to Prison for $2.5 Million Investment Fraud Scheme

January 28th, 2025 at 9:00 AM
According to InvestmentNews, a former financial advisor from Wisconsin, David Braeger, has been sentenced to 24 months in federal prison for an investment fraud scheme that caused over $2.5 million in losses.
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Gemini Settles $5 Million Case With CFTC Over Misleading Statements

January 27th, 2025 at 11:06 AM
Crypto exchange Gemini has agreed to pay $5 million to settle allegations by the U.S. Commodity Futures Trading Commission (CFTC) that it made misleading statements about bitcoin futures contracts in 2017.
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Fidelity to Shift Independent Advisor Cash to Lower-Yielding FCash Amount in 2025

January 24th, 2025 at 2:00 PM
Fidelity Investments plans to redirect cash balances in non-retirement brokerage accounts managed by independent financial advisors to its in-house sweep account, FCash, starting in 2025.
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Barred Advisor Continues Pattern of Settlements at ÍøÆØ³Ô¹Ïstern International Securities

January 23rd, 2025 at 12:18 PM
Chris Kennedy, a barred advisor formerly associated with ÍøÆØ³Ô¹Ïstern International Securities, has agreed to a $2.1 million settlement with the Securities and Exchange Commission (SEC) over allegations of high-volume trading, or churning, in client accounts.
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FINRA to Revise Outside Business Activities Rules

January 22nd, 2025 at 10:46 AM
The Financial Industry Regulatory Authority (FINRA) is seeking to overhaul its rules on outside business activities (OBA) and private securities transactions.
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FINRA Orders $8.2 Million in Customer Restitution Over Mutual Fund Fee Errors

January 21st, 2025 at 3:17 PM
FINRA has required Edward Jones, Osaic ÍøÆØ³Ô¹Ïalth, and Cambridge Investment Research to reimburse customers a combined total of more than $8.2 million for improperly charged mutual fund sales fees.
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ÍøÆØ³Ô¹Ïlls Fargo and LPL Financial Settle SEC Charges Over Blue Sheet Reporting Errors

January 20th, 2025 at 3:36 PM
The Securities and Exchange Commission (SEC) announced settlements with ÍøÆØ³Ô¹Ïlls Fargo Clearing Services and LPL Financial, each agreeing to pay a $900,000 penalty for failing to provide complete and accurate securities trading information, also known as electronic blue sheet data. 
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FINRA Suspends and Fines Advisor for Misleading L Bond Sales

January 17th, 2025 at 2:30 PM
The Financial Industry Regulatory Authority (FINRA) has suspended and fined Alan Mason for violating Regulation Best Interest by recommending high-risk L bonds to a retail customer.
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Former Merrill Lynch Advisor Wins Expungement of Allegations Tied to CBD Business

January 16th, 2025 at 11:43 AM
Charles Thomas “Todd” Mercer Jr., a former top Merrill Lynch advisor, successfully cleared his public record of allegations that hindered his ability to attract clients after transitioning to an independent practice. 
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SEC Charges Nigerian Trio for Impersonating Financial Professionals in $2.9 Million Fraud Scheme

January 15th, 2025 at 2:29 PM
The Securities and Exchange Commission (SEC) has charged three individuals from Nigeria with orchestrating an elaborate online fraud scheme, stealing the identities of licensed financial advisors and investment advisers to defraud retail investors of over $2.9 million.
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LATEST NEWS AND ARTICLES

1783615970 Law
July 9, 2026
FINRA Suspends Former Branch Manager for Supervisory Failures Linked to Excessive Trading and Churning

A former regional branch manager at a broker-dealer has agreed to Financial Industry Regulatory Authority (FINRA) sanctions after the regulator found that he failed to supervise registered representatives who engaged in excessive trading and churning of customer accounts.

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July 8, 2026
SEC Sanctions David Lerner Associates for Regulation Best Interest Violations

David Lerner Associates has agreed to settle Securities and Exchange (SEC) charges alleging violations of Regulation Best Interest (Reg BI) that resulted in unnecessary costs to retail investors, according to InvestmentNews.

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Private Credit Funds Face Mounting Redemption Pressure as Investor Sentiment Shifts

A surge in investor redemption requests has intensified pressure on private credit funds, raising concerns about liquidity and long-term stability across the asset class, as reported by The Wall Street Journal.