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Q2 2024 Securities Filings and Settlements: Key Insights

August 23rd, 2024 at 1:50 PM
CRA Insights has prepared its update on Section 10(b) and Section 11 filings and settlements.
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Department of Labor's New Retirement Security Rule: What it Means for Financial Advisors

August 22nd, 2024 at 10:45 AM
The Department of Labor (DOL) unveiled its final Retirement Security Rule, addressing the fiduciary obligations of financial advisors handling retirement-related investments for plan sponsors and individuals.
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Brokerages Face Technical Meltdown Amid Market Turmoil

August 21st, 2024 at 11:42 AM
InvestmentNews recently reported that a severe technical glitch disrupted several major online brokerages as investors scrambled to trade amidst a sharp market downturn.
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SEC Scrutiny Intensifies Over Cash Management in Advisory Accounts

August 20th, 2024 at 11:13 AM
InvestmentNews reports that recent developments have intensified concerns about how broker-dealers manage cash in investment advisory accounts. Morgan Stanley and ÍøÆØ³Ô¹Ïlls Fargo & Co. are currently under scrutiny from the Securities and Exchange Commission (SEC) regarding their handling of client cash balances.
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Raymond James to Pay $50 Million in SEC Settlement Over Off-Channel Communications

August 19th, 2024 at 10:58 AM
Raymond James Financial has reached a "settlement in principle" with the Securities and Exchange Commission (SEC) to pay $50 million, resolving an investigation into the firm's off-channel business communications.
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Starwood REIT Limits Shareholder Redemptions Amid Liquidity Challenges

August 16th, 2024 at 10:18 AM
According to InvestmentNews, Starwood Real Estate Income Trust Inc. (SREIT), has announced a significant reduction in the amount of shares it will repurchase from retail investors, a move aimed at preserving liquidity during challenging market conditions.
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GPB Capital Executives Found Guilty of Securities Fraud

August 15th, 2024 at 10:29 AM
David Gentile, the founder and CEO of GPB Capital Holdings, and Jeffry Schneider, chief of broker-dealer Ascendant Capital, were found guilty on all fraud counts in a federal trial that concluded in Brooklyn.
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Former Morgan Stanley Advisor Fined and Suspended for Unauthorized Trading

August 14th, 2024 at 11:25 AM
FINRA has fined a former Morgan Stanley advisor, Craig Sherman Thistlethwaite, $10,000 and suspended him for 60 days for unauthorized trading and other violations.
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DOJ Launches Pilot Whistleblower Program Offering Financial Incentives for Reporting Corporate Misconduct

August 13th, 2024 at 11:34 AM
The Department of Justice (DOJ) has introduced a new pilot program offering financial rewards to whistleblowers who provide original information related to financial crimes, bribery, or healthcare fraud.
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FINRA Fines Former LPL Rep Misappropriating Customer Data

August 12th, 2024 at 10:58 AM
The Financial Industry Regulatory Authority (FINRA) has fined former LPL Financial representative Nathaniel Adams $5,000 and suspended him for two months. According to ThinkAdvisor, FINRA's order reveals that Adams allegedly misappropriated the personal information of 2,300 customers.
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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.