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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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Securities Lending Oversight Lapses Lead to FINRA Sanctions

January 16th, 2024 at 11:34 AM
The Financial Industry Regulatory Authority Inc. (FINRA) recently concluded settlements totaling $2.6 million in fines and restitution with four mobile apps and online broker-dealers.
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ÍøÆØ³Ô¹ÏstPark Capital Representative Sanctioned for Unauthorized Private Transactions

January 15th, 2024 at 1:24 PM
The Financial Industry Regulatory Authority (FINRA) has imposed a fine and suspension on Mitchell S. Morrison for engaging in private securities transactions without providing prior written notice to his affiliated firms.
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SEC Awards Over $28 Million to Whistleblowers

January 12th, 2024 at 1:21 PM
The Securities and Exchange Commission (SEC) has granted awards totaling more than $28 million to seven individuals who played a pivotal role in a successful SEC enforcement action.
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Goldman Sachs Reports Garden Leave Violations on CRDs of Former PFM Advisors

January 11th, 2024 at 1:28 PM
Goldman Sachs has introduced further challenges for former advisors of its Personal Financial Management (PFM) unit who departed for competitors before the unit's sale to Creative Planning in November.
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SEC Secures Receiver for GPB Capital Holdings Following Alleged Deceptive Practices

January 10th, 2024 at 2:20 PM
The U.S. District Court for the Eastern District of New York approved the SEC's request to transition the ongoing monitorship over GPB Capital Holdings, LLC and its affiliates into a receivership.
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Regulatory Concerns Mount as ÍøÆØ³Ô¹Ïlls Fargo Faces Criticism for Insufficient Oversight of Customer Crimes

January 9th, 2024 at 2:11 PM
ÍøÆØ³Ô¹Ïlls Fargo is under regulatory scrutiny. According to the Wall Street Journal, regulators have directed the bank to enhance its capabilities in detecting and preventing criminal activity associated with its accounts or products.
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JPMorgan Faces Allegations in $50 Million ÍøÆØ³Ô¹Ïalth Loss Case by 78 Year Old Investor with Dementia

January 8th, 2024 at 2:47 PM
A successful entrepreneur who had entrusted JPMorgan Chase & Co. with his substantial wealth, once valued at $50 million and now valued at $1.5 million, has sued JPMorgan.
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SEC Approves Eased Oversight Guidelines for Remote Advisors

January 5th, 2024 at 1:34 PM
Advisors opting for home offices received a nod from the Securities and Exchange Commission (SEC) as it greenlit rules permitting remote inspections of advisors' offices.
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Alternative Liquidity Capital Proposes Tender Offer for Shares of Closed Wildermuth Fund

January 4th, 2024 at 2:39 PM
Liquidity Index LP, an affiliated Delaware limited partnership of Alternative Liquidity Capital, has offered to acquire up to 238,000 Class I shares of The Wildermuth Fund.
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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.

1783525964 Law
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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July 7, 2026
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.