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SEC Takes Action Against Advisor for Operating with Revoked Registration

August 28th, 2023 at 1:12 PM
The Securities and Exchange Commission (SEC) has barred an investment adviser representative from conducting business.
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Goldman Launches Initiative to Address Gaps Following Fed Oversight

August 24th, 2023 at 11:27 AM
Goldman Sachs Group Inc. is experiencing a hiring spree due to a new wave of regulatory scrutiny in the US.
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Damage Claims Exceed $24 Million for Stifel Advisor's Note Strategy

August 23rd, 2023 at 1:15 PM
Complaints against an advisor from Miami-based Stifel Nicolaus & Co. are increasing due to a structured note strategy, and additional million-dollar claims have been added to the ongoing concerns.
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FINRA Announces Enhancements to Advisor Expungement Process

August 22nd, 2023 at 1:43 PM
The Financial Industry Regulatory Authority (FINRA) has adopted several reforms to tighten the expungement process and has set an implementation date of October 16.
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SEC Uncovers

August 21st, 2023 at 3:51 PM
Wall Street regulators recently imposed hundreds of millions of dollars in penalties on broker-dealers. The penalties resulted from their failure to detect executives and traders using unofficial communication platforms such as WhatsApp.
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SEC Takes Action Against 11 Wall Street Firms for Record-keeping Violations

August 18th, 2023 at 11:31 AM
The Securities and Exchange Commission (SEC) has charged 11 firms with significant and longstanding failures to uphold electronic communication preservation regulations.
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SEC Charges Fund Administrator Over Ignoring Warning Signs

August 17th, 2023 at 11:44 AM
The Securities and Exchange Commission (SEC) has settled charges against Theorem Fund Services LLC (TFS) for failing to respond to red flags relating to the commission of fraud against a private fund and its investors.
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FINRA Bans Former Raymond James Advisor for Attempting to Deceive Investigators

August 16th, 2023 at 4:02 PM
The Financial Industry Regulatory Authority (FINRA) has barred a former Raymond James advisor. 
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Massachusetts Secretary of the Commonwealth Launches Investigation Into Advisors' Use of AI

August 15th, 2023 at 1:21 PM
Secretary of the Commonwealth, William Galvin, has announced an inquiry by his securities division to investigate the utilization of AI by companies in their interactions with Massachusetts investors.
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FINRA Penalizes Former LPL Advisor for Falsified Signatures

August 15th, 2023 at 8:58 AM
A former LPL Financial advisor, Bradley T. Wastler, has received a ten-month suspension and a $7,500 fine from the Financial Industry Regulatory Authority (FINRA).
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