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ÍøÆØ³Ô¹Ï Blog

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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ÍøÆØ³Ô¹Ïlls Fargo Under SEC Scrutiny for Cash Sweep Programs

November 28th, 2023 at 9:47 AM
The Securities and Exchange Commission (SEC) is investigating ÍøÆØ³Ô¹Ïlls Fargo & Company over cash sweep options provided to investment advisory clients.
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FINRA Alleges $2 Million in Client Losses and $2 Million in Commissions Due to Advisor's Churning

November 22nd, 2023 at 12:08 PM
According to a Financial Industry Regulatory Authority (FINRA) complaint, Stewart "Paxton" Ginn excessively traded accounts over two and a half years, resulting in $2.22 million in losses and $2.24 million in commissions for him and his firm.
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SEC Charges Former Advisor with $2 Million Fraudulent Scheme

November 21st, 2023 at 1:56 PM
The Securities and Exchange Commission (SEC) has announced the filing of charges against an investment adviser based in Santa Maria, California.
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The Classic 60-40 Investment Strategy Faces its Most Challenging Year in Decades

November 20th, 2023 at 11:40 AM
Millions of Americans are experiencing disruption in their retirement planning due to rising interest rates and inflation.
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SEC Charges Prophecy Asset Management's President/CCO with Multi-Year Fraud Scheme

November 17th, 2023 at 2:15 PM
The Securities and Exchange Commission (SEC) has filed charges against John Hughes, who served as the president and chief compliance officer of registered investment adviser Prophecy Asset Management LP.
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New DOL Fiduciary Rule Takes Aim at Loopholes in Retirement Savings

November 16th, 2023 at 11:52 AM
The Department of Labor (DOL) unveiled its latest retirement security rule, which involves altering the definition of an investment advice fiduciary under the Employee Retirement Income Security Act (ERISA).
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SEC Focuses on Increased Scrutiny for Hybrid Firms in 2024 Examination Priorities

November 15th, 2023 at 1:16 PM
As the ranks of hybrid advisor-brokers, registered with both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), continue to grow, regulators are intensifying their scrutiny.
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Willis Towers Watson PLC Files Lawsuit Against Alliant, Alleging Employee Poaching

November 14th, 2023 at 2:45 PM
Willis Towers Watson PLC has filed a lawsuit against Alliant Insurance Services Inc. in a federal district court in Richmond, Virginia.
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BREIT's September Performance Records Negative Total Return

November 13th, 2023 at 10:26 AM
Blackstone Real Estate Income Trust (“BREIT”), sponsored by The Blackstone Group, has updated the net asset values (NAV).
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I want to extend a tremendous thank you for your dedication, professionalism, hard work and patient demeanor through this challenging time. It was enjoyable interacting with everyone on your team, this certainly helped while dealing with the situation and working towards resolution.

Dan M.

LATEST NEWS AND ARTICLES

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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.

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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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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.