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SEC's Examination of RIAs Focuses on Leadership Changes

September 14th, 2023 at 10:09 AM
The Securities and Exchange Commission’s Division of Examinations issued a risk alert announcing its new focus.
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SEC Introduces Stricter Fee Disclosure Rules for Hedge Funds and Private Equity Firms

September 13th, 2023 at 1:16 PM
The US Securities and Exchange Commission (SEC) has adopted new rules that will compel hedge funds and private equity firms to provide more transparent information about their fees and impose restrictions on granting special privileges to investors.
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Massachusetts Supreme Court Affirms Fiduciary Duty Rule for Brokers

September 12th, 2023 at 11:36 AM
The Massachusetts Supreme Judicial Court ruled that William Galvin, the state's top securities regulator, acted within his authority in September 2020 when he established the state's investment advice rule, which imposed a fiduciary duty rule on financial advisors.
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Unregistered Broker Faces SEC Charges for Illegally Selling Securities

September 11th, 2023 at 11:31 AM
The Securities and Exchange Commission (SEC) has charged Blake Cathey with unlawfully selling securities of Florida-based Accanito Equity LLC, Accanito Equity II LLC, Accanito Equity III LLC, and Accanito Equity IV LLC to retail investors.
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Morgan Stanley Ordered to Pay $1.8 Million to Investor

September 7th, 2023 at 4:08 PM
In a recent decision, three arbitrators from the Financial Industry Regulatory Authority (FINRA) ordered Morgan Stanley to pay $1.8 million in damages to a former customer.
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Pennsylvania Financial Advisor Terminated Following Lawsuit

September 6th, 2023 at 3:42 PM
LPL Financial has terminated John A. Dougherty following his being sued for allegedly over-leveraging an investor's account using a $5 million securities-based loan and assisting him in an external investment.
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ÍøÆØ³Ô¹Ïlls Fargo Resolves SEC Dispute Over Advisory Fees

September 5th, 2023 at 1:18 PM
The Securities and Exchange Commission (SEC) announced charges against ÍøÆØ³Ô¹Ïlls Fargo Clearing Services LLC and ÍøÆØ³Ô¹Ïlls Fargo Advisors Financial Network LLC (collectively, “ÍøÆØ³Ô¹Ïlls Fargo”).
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Class-Action Lawsuit Filed Against Schwab and TD Ameritrade

September 1st, 2023 at 2:13 PM
Charles Schwab and TD Ameritrade face a lawsuit for a data breach connected to the ongoing cyberattack targeting the MOVEit file-transfer software.
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Investment Advisors Brace for Influx of New Rules and Regulatory Changes

August 31st, 2023 at 1:08 PM
The Securities and Exchange Commission's (SEC) announcement in May 2021 about enforcing a landmark marketing rule, approved by the agency the previous December, caused a considerable stir among investment advisers.
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ÍøÆØ³Ô¹Ïighing the Upsides and Downsides of Alternative Investments

August 30th, 2023 at 1:09 PM
In its 2023 Financial Advisor Survey, iCapital surveyed 400 U.S. registered financial professionals. Those professionals, who either use or are considering using alternatives within the coming year, are exploring ways to diversify beyond traditional 60/40 portfolios.
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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.

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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.