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FINRA Implements Reforms to Arbitrator Selection Process

March 13th, 2024 at 9:34 AM
The Financial Industry Regulatory Authority (“FINRA”) is rolling out reforms to its arbitration forum's panel selection process.
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Morgan Stanley Advisor Barred for Allegedly Embezzling $58,000 from Clients

March 12th, 2024 at 1:09 PM
Chingyuan "Gary" Chang, a former broker and investment adviser at Morgan Stanley, has been permanently barred from the securities industry by the Securities and Exchange Commission (SEC) for purportedly stealing over $58,000 from four customer accounts.
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Citigroup and ÍøÆØ³Ô¹Ïlls Fargo Advisor Charged with Defrauding Clients in Movie Investment Scam

March 11th, 2024 at 1:44 PM
Helen Grace Caldwell, a former Illinois financial advisor with Citigroup and ÍøÆØ³Ô¹Ïlls Fargo, is facing federal wire fraud charges for allegedly cheating three clients out of $1.5 million through a fraudulent movie investment scheme.
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SEC Chair Gensler Addresses AI Challenges and Conflict-of-Interest Proposals

March 8th, 2024 at 10:37 AM
SEC Chair Gary Gensler highlighted the dual nature of artificial intelligence (AI), acknowledging its vast opportunities for humanity while also underscoring its regulatory challenges, particularly concerning conflicts of interest in investing.
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FINRA Bars Former Edward Jones Advisor Amid Investigation into Alleged Cannabis Ponzi Scheme Involvement

March 7th, 2024 at 1:26 PM
A former Edward Jones advisor, Alexandra P. Bovee (also known as Alexandria Montgomery), has accepted an industry bar rather than cooperate with the FinancialIndustry Regulatory Authority's (FINRA) investigation into her alleged involvement with a cannabis growing company labeled a Ponzi scheme.  
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CFP Board Survey Reveals Lucrative Compensation for Certified Financial Planners

March 6th, 2024 at 1:46 PM
According to the inaugural compensation survey conducted by the Certified Financial Planner (CFP) Board, financial planners enjoy substantial earnings when they areCertified Financial Planners (CFPs).
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Mariner ÍøÆØ³Ô¹Ïalth Advisors Face Legal Heat as Competitors Allege Aggressive Recruiting Tactics

March 5th, 2024 at 11:24 AM
Mariner ÍøÆØ³Ô¹Ïalth Advisors has recently become the target of multiple lawsuits from competitors, including Edelman Financial Engines, Avantax, and RWA ÍøÆØ³Ô¹Ïalth Partners.
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New York Attorney General Sues Citibank

March 4th, 2024 at 2:48 PM
New York Attorney General Letitia James has shifted away from her filing a politically motivated action to now file a lawsuit against Citibank, accusing the bank ofinadequately safeguarding customers from online banking scams and refusing to reimburse victims.
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LPL Financial Agrees to $6 Million Settlement with FINRA Over Regulation Best Interest Lapses

March 1st, 2024 at 11:34 AM
LPL Financial has agreed to pay over $6 million to settle charges by FINRA, alleging violations of Regulation Best Interest in recommending trades involving certain listed business development companies.
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Former ÍøÆØ³Ô¹Ïlls Fargo Advisor Suspended by FINRA for Unreported Brokerage Account

February 28th, 2024 at 4:11 PM
A former ÍøÆØ³Ô¹Ïlls Fargo advisor, Robert J. DeHayes, faced fines and suspension from the Financial Industry Regulatory Authority (FINRA) for maintaining an undisclosed outside brokerage account in his wife's name.
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LATEST NEWS AND ARTICLES

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FINRA Bars Former Raymond James Broker for Refusing Testimony in Unauthorized Trading Probe

A former registered representative with Raymond James has been barred from the securities industry after refusing to cooperate with a Financial Industry Regulatory Authority (FINRA) investigation into alleged unauthorized trading activity.

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Commonwealth Financial Network Resolves SEC Conflict of Interest Case

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