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FINRA Arbitration Panel Orders 厙ぴ勛圖lls Fargo To Pay Client $500,000 For Mismanagement of McDonalds Stock Options

April 14th, 2023 at 2:03 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered 厙ぴ勛圖lls Fargo to pay a former McDonald’s franchise owner $500,000 for allegedly mishandling stock options he owned in the company.
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SEC Orders Merrill Lynch to Pay $9.7 Million For Failing to Disclose Foreign Exchange Fees

April 13th, 2023 at 1:21 PM
The Securities and Exchange Commission (SEC) has ordered Merrill Lynch to pay $9.7 million for failing to disclose certain foreign exchange fees charged to clients for currency conversions.
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FINRA Bars Former LPL and Raymond James Advisor Who Improperly Borrowed $850,000 From Clients

April 12th, 2023 at 1:16 PM
The Financial Industry Regulatory Authority (FINRA) has barred a Chattanooga-based financial advisor who improperly borrowed at least $850,000.
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Blackstone REIT Limited Investor Redemptions in March

April 11th, 2023 at 1:14 PM
Blackstone Real Estate Income Trust, a non-traded real estate investment trust sponsored by Blackstone Group, announced that the company fulfilled only 15% of repurchase requests in March.
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SEC Seeks to Expand Dealer Definition to Expand Regulatory Oversight

April 11th, 2023 at 8:47 AM
The Securities and Exchange Commission (SEC) is seeking to expand its definition of “securities dealers”, which has resulted in criticism from various private fund and investment advisors that wish to avoid additional regulatory oversight.
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FINRA Submits Further Revisions To Remote Supervision Proposal

April 6th, 2023 at 3:05 PM
The Financial Industry Regulatory Authority (FINRA) has submitted to the Securities and Exchange Commission (SEC) another revision to one of its two remote supervision proposals. 
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FINRA Warns Firms Regarding Fraudulent Account Transfers

April 5th, 2023 at 1:54 PM
The Financial Industry Regulatory Authority (FINRA) is warning financial advisory firms about a recent increase in fraudulent transfers of client accounts via the Automated Customer Account Transfer Service (ACATS).
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Morgan Stanley Ordered to Pay $782,000 Over Mismanagement of Clients Estate

April 4th, 2023 at 1:05 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Morgan Stanley to pay $782,000 to a client’s estate after the firm allegedly ignored court-ordered limits when permitting a conservator to withdraw from the account.
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Non-Traded REIT Redemptions Exceed 350% of Fundraising in February

April 3rd, 2023 at 1:31 PM
Fundraising among non-traded real estate investment trusts has dipped to $489 million in February 2023, which constitutes the lowest point since August 2020.
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SEC Charges Financial Advisor With Misappropriating Funds From NBA Players

March 31st, 2023 at 1:18 PM
The Securities and Exchange Commission (SEC) has charged a former Morgan Stanley advisor, Darryl Cohen, with misappropriating nearly $1 million from three current and former NBA players over a two-and-a-half-year period.
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LATEST NEWS AND ARTICLES

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FINRA Bars Former Raymond James Broker for Refusing Testimony in Unauthorized Trading Probe

A former registered representative with Raymond James has been barred from the securities industry after refusing to cooperate with a Financial Industry Regulatory Authority (FINRA) investigation into alleged unauthorized trading activity.

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FINRA Outlines Key Rulemaking Priorities and Recent Developments in Quarterly Agenda

The Financial Industry Regulatory Authority (FINRA) recently released its Quarterly Regulatory Policy Agenda, offering a detailed view of its rulemaking priorities, pending proposals, and recently approved regulatory changes.

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Commonwealth Financial Network Resolves SEC Conflict of Interest Case

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