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SEC Raises Concerns Over Arbitration Clauses in Investment Advisory Agreements

January 31st, 2024 at 1:17 PM
A cautionary note has been sounded by an investor advocacy group operating within the Securities and Exchange Commission (SEC), signaling potential fiduciary duty violations by registered investment advisers employing contract clauses to steer client disputes into arbitration.
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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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