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Fidelity Study Finds Rise in RIA Valuations Reaches Plateau

June 28th, 2023 at 3:43 PM
According to a recent study conducted by Fidelity Investments, the financial industry expects a continued rise in registered investment advisor (RIA) dealmaking over the next five years, despite the increasing cost of acquiring RIA firms.
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Epicenters of Investment Fraud Revealed in New Study

June 27th, 2023 at 1:15 PM
2022 witnessed a staggering surge in investment fraud, surpassing all other types of fraud in terms of monetary losses among Americans.
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Attorneys Believe James Gorman's "New Blood" Remarks Could Strengthen Ageism Lawsuits

June 26th, 2023 at 11:02 AM
James Gorman, CEO of Morgan Stanley, has faced criticism for his recent comments regarding the company's termination of around 3,500 employees since April.
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The Growing Compliance Risks of Neglecting Life Settlement Discussions

June 23rd, 2023 at 1:58 PM
According to a recent article in ÍøÆØ³Ô¹Ïalth Solutions Report, broker-dealers should consider enhanced oversight pertaining to suitability, recommendations, and the use of funds obtained from life settlement transactions.
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Surge in Elderly-Targeted Cryptocurrency Scams

June 22nd, 2023 at 11:26 AM
According to U.S. Department of Justice research, over 3,000 senior citizens were victims of investment cryptocurrency scams. 
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SEC Files Charges Against Florida Resident Cedric Griffin for $5.9 Million Ponzi Scheme Targeting African American Community

June 21st, 2023 at 1:36 PM
Cedric Dewayne Griffin has been charged by the Securities and Exchange Commission (SEC) for running a Ponzi scheme targeting the African American community in Jacksonville, Florida, and in other regions.
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FINRA Bars LPL Advisor for Non-Cooperation in Overdraft Investigation

June 20th, 2023 at 1:19 PM
The Financial Industry Regulatory Authority (FINRA) has banned a former advisor from LPL Financial due to his refusal to cooperate with an investigation.
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Five Major Rules The SEC Plans To Finalize By Year-End

June 19th, 2023 at 8:57 AM
According to the Securities and Exchange Commission’s (SEC) Spring 2023 regulatory flexibility agenda, the SEC plans to finalize several controversial rules by the end of the year.
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Former LPL Advisor Created Fraudulent Bank Account To Steal $1.3 Million From Customer

June 15th, 2023 at 11:01 AM
The Securities and Exchange Commission (SEC) filed a complaint accusing Patrick N. Thayer of stealing $1.3 million from a customer.
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Silver Star Properties REIT Raises Concerns about Future Viability in SEC Filing

June 15th, 2023 at 8:59 AM
Silver Star Properties REIT Inc., previously known as Hartman Short Term Income Properties XX Inc., has raised concerns about its ability to sustain operations in its latest quarterly report filed with the Securities and Exchange Commission (SEC).
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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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