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Silver-Coin IRA Seller Resolves $68 Million Fraud Allegations with CFTC

November 9th, 2023 at 2:20 PM
Safeguard Metals and its sole owner, Jeffrey Ikahn, reportedly defrauded customers to whom it promoted gold IRAs, resulting in alleged losses of $68 million as reported recently by InvestmentNews.
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Former Advisor Sanctioned for GPB Capital Sales

November 8th, 2023 at 4:16 PM
The Financial Industry Regulatory Authority (FINRA) has fined and suspended Arni J. Diamond for improperly selling limited partnership units in GPB Automotive Portfolio LP and GPB Waste Management LP.
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Record $61 Million Settlement Reached in GE's 401(k) Lawsuit

November 7th, 2023 at 1:25 PM
General Electric has reached a $61 million settlement in a protracted lawsuit concerning its 401(k) plan, marking one of the largest settlements in ERISA litigation history.
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Former Morgan Stanley Advisor Barred by SEC for Misappropriating Client Funds

November 6th, 2023 at 1:17 PM
The Securities and Exchange Commission (SEC) issued an order barring Ronald E. Filoramo, a former Morgan Stanley advisor.
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Legal Challenge to FINRA's Constitutionality Dismissed by D.C. Court

November 3rd, 2023 at 1:15 PM
An advisor who faced FINRA disciplinary action attempted to stop the proceedings in a D.C. federal court.
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Morgan Stanley's Strategic Shift - Elevating Grid Hurdles, Trimming Compensation for Small Households

November 2nd, 2023 at 11:29 AM
Morgan Stanley ÍøÆØ³Ô¹Ïalth Management has informed its approximately 15,000 advisors that, to maintain their current payout in the upcoming year, many will need to increase their revenue, according to a recent article in AdvisorHub.
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Former Morgan Stanley Advisor in North Carolina Faces Suspension and Fine for Unauthorized Trading

November 1st, 2023 at 1:17 PM
The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former Morgan Stanley advisor in Raleigh, North Carolina.
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Connecticut Investment Advisor Admits Guilt in $2.7M Cherry-picking Scam

October 31st, 2023 at 2:16 PM
Jonathan Vincent Glenn, the CEO of Glenn Capital in Greenwich, Connecticut, pleaded guilty to federal securities fraud charges, facing a potential 25-year prison sentence.
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SEC Examination Priorities in 2024

October 30th, 2023 at 2:14 PM
The Securities and Exchange Commission (SEC) has issued its 2024 examination priorities to inform investors and registrants about the focal areas, key risks, and examination topics the division intends to emphasize in the coming year.
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Former Steward Advisors Sue Firm as They Depart for LPL

October 27th, 2023 at 2:29 PM
Experienced brokers have witnessed a significant increase in recruiting offers in recent years. However, a lawsuit filed against Steward Partners Global Advisory last week illustrates the consequences that can arise when these deals, particularly those involving equity, take a negative turn.
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