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ÍøÆØ³Ô¹Ï Blog

FINRA Fines Kingswood Capital Partners $150,000 for Supervisory Failures in GWG L Bond Sales

February 17th, 2026 at 3:47 PM
The Financial Industry Regulatory Authority (FINRA) censured and fined San Diego–based broker-dealer Kingswood Capital Partners $150,000 after finding supervisory failures tied to sales of high-risk GWG L bonds.
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FINRA Removes Arbitrators in Stifel Case, Drawing Scrutiny Over Impartiality Standards

February 16th, 2026 at 11:53 AM
FINRA agreed to remove two potential arbitrators from an upcoming Stifel Financial arbitration tied to former Miami-based broker Chuck Roberts, a move that could carry broad implications for investor arbitration.
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Cetera Fined $1.1 Million Over Supervisory and AML Deficiencies

February 13th, 2026 at 11:20 AM
The Financial Industry Regulatory Authority (FINRA) has censured and fined Cetera Financial Group $1.1 million after identifying supervisory system and anti-money laundering (AML) failures across several subsidiary broker-dealers.
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CFTC Signals New Rulemaking for Prediction Markets and Crypto Oversight

February 12th, 2026 at 3:20 PM
The Commodity Futures Trading Commission (CFTC) plans to develop new regulations governing the growing prediction markets industry, Chairman Michael Selig announced, signaling a shift in regulatory strategy.
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Ameriprise Advisor Phishing Incident Potentially Exposes Client Data

February 11th, 2026 at 1:38 PM
A phishing incident involving an Ameriprise Financial advisor potentially exposed the personal information of hundreds of clients, according to a disclosure posted by the Maine Attorney General’s office.
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Merrill Lynch Expands Client Disclosures on Crypto and AI Risks

February 10th, 2026 at 1:42 PM
Merrill Lynch updated its required client disclosure brochure to address, for the first time, the evolving risks tied to cryptocurrency-linked investments and the firm’s expanding use of Artificial Intelligence tools.
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FINRA Orders Osaic Unit to Pay Over $5 Million for Misleading Bank Deposit Program Disclosures

February 9th, 2026 at 3:07 PM
The Financial Regulatory Authority (FINRA) ordered independent broker-dealer Osaic and its acquired firm, American Portfolios Financial Services, to pay more than $5 million after finding that American Portfolios misled customers about how it calculated fees in its bank deposit program.
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Delaware Regulators Fine Kovack Advisors $985,000

February 6th, 2026 at 11:57 AM
Kovack Advisors Inc., the registered investment adviser affiliate of independent broker-dealer Kovack Securities Inc., agreed to pay a $985,000 fine to Delaware securities regulators.
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FINRA Fines Broker-Dealer for Repeated Form CRS Disclosure Failures

February 5th, 2026 at 4:16 PM
The Financial Industry Regulatory Authority (FINRA) fined VSI Securities Inc., formerly known as Venecredit Securities Inc., $20,000 for failing to accurately disclose the firm’s disciplinary history in its customer relationship summary, known as Form CRS.
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Investor Redemptions Rise in Nontraded BDCs Amid Credit Concerns

February 4th, 2026 at 2:51 PM
Financial advisors and their clients have increased redemptions from nontraded business development companies (BDCs) following a series of high-profile corporate bankruptcies, according to InvestmentNews. The surge highlights growing investor concern about liquidity and credit exposure within these high-yield but often risky investment vehicles.
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Jim, Stephany and the whole team were a God send.  ÍøÆØ³Ô¹Ï felt like we were put into a situation where we had no advocate. Jim’s team came in with a strong, well laid out strategy on how to get our story heard. Where our outside compliance company had no ability to help, our Broker Dealer was impenitent, and the regulators were aggressive pursuing vague rules, Jim came like a barricade against an assault we did not understand. Though you pay member dues to be affiliated with FINRA and a B/D, you have no voice. The only thing that is truly heard in this un-level playing field is a bulldog’s bark like Jim’s. I would encourage anyone to call Jim and his team to find a real ally in the tough and complicated world of securities regulation. They are truly the best.

Greg P.

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