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Morgan Stanley Seeks Injunction Against Former Advisor for Soliciting Clients

April 26th, 2024 at 9:14 AM
Morgan Stanley has taken legal action against Gregory T. Chevrier to prevent him from contacting his former clients.
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B. Riley Financial Clears Air Amid Allegations, Stock Surges

April 25th, 2024 at 11:57 AM
Amidst swirling speculation regarding its connections with a client linked to the Prophecy Asset Management collapse, B. Riley Financial Inc. has conducted an internalreview, concluding no affiliations with the defunct hedge fund.
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RIA Insurance Claims Skyrocket

April 24th, 2024 at 11:56 AM
A recent analysis by Golsan Scruggs reveals a staggering 231 percent increase in errors-and-omissions (E&O) liability claims among registered investment advisor (RIA)insurers.
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Surge Predicted in Regulation Best Interest Cases

April 23rd, 2024 at 1:13 PM
According to a recent analysis, Reg BI-related actions quickly have ascended to the top five issues for FINRA, with fines totaling $6 million in 2023.
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FINRA Fines Independent Broker-Dealers Over Cybersecurity Lapses

April 22nd, 2024 at 11:31 AM
The Financial Industry Regulatory Authority (FINRA) has imposed fines and censured independent broker-dealers Osaic ÍøÆØ³Ô¹Ïalth and Securities America for cybersecurity deficiencies that led to hackers accessing the private information of more than 32,000 customers.
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ÍøÆØ³Ô¹ÏalthFeed Raises Funds for AI-Driven Lead Generation Tool

April 19th, 2024 at 2:04 PM
ÍøÆØ³Ô¹ÏalthFeed leverages proprietary AI technology to collect nine real-time financial data points, including business sales, capital raises, inheritances, and job changes.
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SEC Fines Target Off-Channel Communications

April 18th, 2024 at 2:15 PM
The Securities and Exchange Commission (SEC) is ramping up its enforcement efforts targeting off-channel communications, particularly text messages, among investment advisory firms.
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B. Riley Financial Again Delays Filing Audited Results

April 17th, 2024 at 9:44 AM
B. Riley Financial Inc. has encountered a setback in filing its audited results within an extended timeframe, adding to existing pressure amid concerns raised by short sellers regarding its association with a former business partner.
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Former ÍøÆØ³Ô¹Ïlls Fargo Advisor Accepts Industry Bar Amidst Misuse of Client Funds Allegations

April 16th, 2024 at 2:03 PM
A former advisor with ÍøÆØ³Ô¹Ïlls Fargo Advisors Financial Network (FiNet) in Chicago, Jayson R. Pocius, has agreed to accept an industry bar rather than cooperate with aFinancial Industry Regulatory Authority (FINRA) investigation into allegations of misusing client funds.
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Commonwealth Financial Network Faces Potential Damages Amid SEC Lawsuit

April 15th, 2024 at 1:37 PM
Commonwealth Financial Network is under fire, as it faces potential damages amounting to $111.5 million from a Securities and Exchange Commission (SEC) complaint filed nearly five years ago.
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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.