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Financial Advisors Set to Boost Client Allocations to Alternative Assets in 2024

January 30th, 2024 at 2:29 PM
A recent independent survey conducted by CAIS and Mercer reveals that 62 percent of financial advisors currently allocate between 6 percent and 25 percent of clients' portfolios to alternative asset classes.
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Former JPMorgan Advisor Agrees to Injunction Amid Solicitation Allegations

January 29th, 2024 at 1:06 PM
A former JPMorgan advisor sued last week, in connection with his transition to an independent practice with Kestra Private ÍøÆØ³Ô¹Ïalth Services, has agreed to a stipulated injunction prohibiting him from soliciting his former customers.
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JPMorgan Pursues Legal Action Against Advisor Who Moved to ÍøÆØ³Ô¹Ïlls Fargo

January 26th, 2024 at 1:21 PM
JPMorgan Chase & Co. has initiated legal action, seeking a temporary restraining order against former employee Jeffry Neal Carel. 
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SEC Charges Investment Advisor Justin Murphy for $3.4 Million Investor Funds Misappropriation

January 25th, 2024 at 10:37 AM
The Securities and Exchange Commission (SEC) has charged Justin Murphy and his investment management firm, Mara Investments, LLC, for fraudulent misappropriation of approximately $3.4 million of investor assets.
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FINRA Bars New Jersey Advisor Over Alleged Securities Violations and Refusal to Testify

January 24th, 2024 at 2:26 PM
The Financial Industry Regulatory Authority (FINRA) has barred New Jersey advisor Anthony J. Cantone for refusing to provide testimony in an investigation into his business practices.
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Merrill Edge Faces Class Action Lawsuit Over Interest Rates

January 23rd, 2024 at 3:20 PM
Merrill Edge, the online brokerage and advisory arm of Merrill Lynch, is facing a class action lawsuit.
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SEC Greenlights Spot Bitcoin ETFs

January 22nd, 2024 at 11:57 AM
In a groundbreaking move, U.S. regulators have approved the first exchange-traded funds (ETFs) directly investing in Bitcoin.
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Salt Lake City ÍøÆØ³Ô¹Ïlls Fargo Advisor Accepts FINRA Bar Following SEC Settlement

January 19th, 2024 at 1:30 PM
Louis P. Goff, a former ÍøÆØ³Ô¹Ïlls Fargo Advisors broker in Salt Lake City, Utah, has agreed to a bar from the brokerage industry imposed by the Financial Industry Regulatory Authority (FINRA).
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Financial Advisor in Maryland Pleads Guilty to Defrauding Elderly Client

January 18th, 2024 at 1:12 PM
Financial advisor Jeffrey A. Blizzard has pleaded guilty to bank fraud, facing a potential 30-year federal prison sentence.
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LPL Financial to Pay $6 Million to Settle FINRA Charges Over Regulation Best Interest Lapses

January 17th, 2024 at 1:45 PM
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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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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FINRA Outlines Key Rulemaking Priorities and Recent Developments in Quarterly Agenda

The Financial Industry Regulatory Authority (FINRA) recently released its Quarterly Regulatory Policy Agenda, offering a detailed view of its rulemaking priorities, pending proposals, and recently approved regulatory changes.

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Commonwealth Financial Network Resolves SEC Conflict of Interest Case

Commonwealth Financial Network has agreed to pay $5 million to resolve a long-standing conflict of interest case brought by the Securities and Exchange Commission, according to reporting by ThinkAdvisor.