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ÍøÆØ³Ô¹Ï Blog

CFP Board Advances Measures for Heightened Accountability and Transparent Public Sanctions

December 12th, 2023 at 3:33 PM
The CFP Board has revealed that it will release the Disciplinary and Ethics Commission (DEC) orders imposing sanctions alongside the public sanction news releases that it already publicizes. 
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TD Bank Brokerage Unit Settles FINRA Case Alleging Oversight Gaps in Email Monitoring

December 11th, 2023 at 10:57 AM
TD Private Client ÍøÆØ³Ô¹Ïalth (TDPCW), a broker-dealer subsidiary of TD Bank, has agreed to pay a $600,000 fine and be censured following an investigation by the Financial Industry Regulatory Authority (FINRA).
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Former Advisor Receives Decade Long Prison Sentence for Fraudulent Activities

December 8th, 2023 at 1:23 PM
Former First American Securities Inc. president Thomas Brenner has been sentenced to over ten years in prison by a federal judge in Ohio.
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RIA's Asset Growth Still Trails Behind Wirehouse Counterparts

December 7th, 2023 at 11:29 AM
Registered Investment Advisors (RIAs) are experiencing a faster growth rate in numbers compared to national brokerage firms, as indicated by recent data from Cerulli Associates, but their asset levels still trail.
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Real Estate Firm Funded by Independent Broker-Dealers Faces Financial Collapse

December 6th, 2023 at 1:29 PM
In late September, iCap Enterprises Inc., a real estate investor and manager, filed for bankruptcy after raising $245 million from investors through independent broker-dealers.
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Attorneys Monitor Shareholder Stock Drop Lawsuits Amid IPO Setbacks

December 5th, 2023 at 2:18 PM
Lawyers anticipate a surge in shareholder lawsuits following a series of setbacks in the US IPO market.
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FINRA Suspends Former LPL Advisor for Signing on Partner's Behalf

December 4th, 2023 at 1:31 PM
In a recent message underscoring the significance of ethical conduct, the Financial Industry Regulatory Authority (FINRA) has imposed a one-month suspension on a former LPL Financial advisor.
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SEC Investigation into JPMorgan's Advisory Account Aggregation

December 1st, 2023 at 11:58 AM
The Securities and Exchange Commission (SEC) has launched two investigations that may affect the interests of advisors and clients of JPMorgan Chase & Co.
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FINRA Reveals Baird's $500K Shortfall in Mutual Fund Rebates to Clients

November 30th, 2023 at 1:36 PM
Robert W. Baird & Co. has reached a settlement with the Financial Industry Regulatory Authority (FINRA) wherein they accepted a censure and committed to reimbursing more than $500,000 to clients who were overcharged for their mutual fund investments.
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Arbitration Mandated for Former Morgan Stanley Advisors' Class Claim on Deferred Compensation

November 28th, 2023 at 1:10 PM
A federal judge in Manhattan has granted Morgan Stanley’s request to transfer a potential class action lawsuit to arbitration.
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