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Ex-Morgan Stanley Advisor Accepts Industry Bar for Failing to Cooperate with FINRA Investigation

August 9th, 2024 at 10:48 AM
A former Morgan Stanley advisor, John Scott McCoy Jr., has accepted an industry bar instead of cooperating with a regulatory investigation into his departure from the firm, as detailed in a disciplinary settlement known as an Acceptance, Waiver, and Consent (“AWC”).
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SEC Warns of Increasing Investment Fraud Threats

August 8th, 2024 at 11:15 AM
The SEC’s Office of the Investor Advocate recently submitted its objectives report for fiscal year 2025 to Congress, highlighting the growing threat of investment fraud.
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B. Riley Financial Faces New Challenges with Struggling Texas Retailer

August 7th, 2024 at 9:57 AM
B. Riley Financial Inc., a boutique investment bank, faces fresh turmoil due to its involvement with Conn’s Inc., a Texas-based home-furnishings chain on the brink of bankruptcy.
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Two Raymond James Advisors Barred for Failing to Cooperate in FINRA Investigations

August 6th, 2024 at 1:50 PM
FINRA has barred two Raymond James Financial Services Inc. advisors, Bryan Noonan and Thomas Reyes, from the securities industry due to their failure to cooperate in ongoing investigations.
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LPL Financial Faces Lawsuit Over Low Interest Rates in Cash Sweep Programs

August 5th, 2024 at 9:46 AM
LPL Financial is the latest target of a lawsuit concerning the interest rates it offers on uninvested cash held in customer accounts.
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SEC's Private Fund Advisers Rules

August 2nd, 2024 at 10:07 AM
The Securities and Exchange Commission (SEC) is tightening the regulatory framework for Registered Investment Advisers (RIAs) with the implementation of the Private Fund Advisers Rules, set to fully take effect by early 2025.
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SEC Charges Silvergate Capital and Executives with Misleading Investors

August 1st, 2024 at 11:59 AM
The Securities and Exchange Commission (SEC) has filed a complaint against Silvergate Capital Corporation and three former executives, alleging they misled investors about the strength of Silvergate Bank’s Bank Secrecy Act/Anti-Money Laundering compliance program and the monitoring of crypto customers, including the collapsed FTX.
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Clients Sue Charles Schwab and Hightower Advisors Over $1 Million Fraud

July 31st, 2024 at 10:15 AM
Clients are suing Charles Schwab & Co. and Hightower Advisors after fraudsters allegedly stole nearly $1 million from their retirement accounts and turned off electronic notifications that could have alerted them.
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Tech Drip Hits Leveraged ETFs Hard, Highlighting Investment Risks

July 30th, 2024 at 11:09 AM
Recent AI-driven rallies in tech stocks have encouraged investors to buy the dip, but this strategy has backfired for those using leveraged exchange-traded funds (ETFs) to amplify returns.
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Why Financial Advisors Should Embrace a Niche Market

July 29th, 2024 at 8:50 AM
FinancialPlanning recently discussed how focusing on a niche can accelerate growth, especially when advisors promote their focus across all mediums, including websites, social media, and branding.
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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.