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SEC Enforcement Chief Gurbir Grewal to Step Down After Leading Major Crackdowns

October 7th, 2024 at 4:08 PM
Gurbir Grewal, Director of Enforcement at the U.S. Securities and Exchange Commission (SEC), is stepping down after playing a central role in major enforcement actions against Wall Street and the cryptocurrency industry.
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SEC Updates Regulation S-P to Enhance Customer Data Protection

October 4th, 2024 at 2:10 PM
The SEC has introduced long-awaited updates to Regulation S-P, originally adopted in 2000, to improve the protection of customer records and information for broker-dealers, investment companies, and RIAs. 
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FINRA Fines Newbridge Securities $125,000 for AML Failures and Unsuitable Recommendations

October 3rd, 2024 at 8:40 AM
Newbridge Securities Corporation has been fined $125,000 and censured by the Financial Industry Regulatory Authority (FINRA) for inadequate anti-money laundering (AML) protocols and for unsuitable recommendations of complex investment products.
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SEC Charges Two South Florida Men for Defrauding Venezuelan-American Investors in $5 Million Scheme

October 2nd, 2024 at 4:30 PM
The Securities and Exchange Commission (SEC) has filed a complaint against two South Florida men, Francisco Javier Malave Hernandez and Ricardo Javier Guerra Farias, for orchestrating a multi-million dollar investment fraud that targeted members of the Venezuelan-American community.
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California Advisor Suspended and Fined for Churning Client Accounts

October 1st, 2024 at 3:34 PM
A veteran advisor in Santa Maria, California, Stewart "Paxton" Ginn, has been suspended for 18 months and fined $50,000 by FINRA, according to AdvisorHub. 
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Bank of America and Merrill Lynch Settle with FINRA for Supervisory Failures

September 30th, 2024 at 3:37 PM
Bank of America and its subsidiary, Merrill Lynch, have agreed to a $3 million fine and censure as part of a settlement with FINRA over long-term supervisory failures.
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UBS Faces Class Action Lawsuit Over Cash Sweep Programs

September 27th, 2024 at 11:52 AM
UBS has been hit with a class action lawsuit over its cash sweep programs, joining other major firms like LPL, ÍøÆØ³Ô¹Ïlls Fargo, and Ameriprise, which have faced similar litigation.
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Former Army Financial Counselor Sentenced for Defrauding Gold Star Families

September 26th, 2024 at 10:28 AM
A former U.S. Army financial counselor, Caz Craffy, also known as “Carz Craffey”, was sentenced to 151 months in prison for defrauding Gold Star families and committing related crimes.
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FINRA Sanctions Supervisor for Failing to Address Excessive Trading Red Flags

September 25th, 2024 at 11:33 AM
FINRA has acted against an Independent Financial Group (IFG) supervisor for failing to respond to red flags involving excessive trading in five customer accounts.
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CFP Board Revises Sanction Guidelines and Fitness Standards

September 24th, 2024 at 11:16 PM
The CFP Board has finalized revisions to its Sanction Guidelines and Fitness Standards.
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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.

1783525964 Law
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.

1783434190 Law
July 7, 2026
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.