Tr?id=566623520170033&ev=PageView&noscript=1

سԹ

سԹ Blog

Compliance Professionals Emphasize the Significance of SEC Reg BI Bulletins in Examinations

May 30th, 2023 at 3:03 PM
Securities and Exchange Commission (SEC) top compliance officials recently announced that the Regulation Best Interest (Reg BI) bulletins will be used in future exams.
Read More

سԹlls Fargo Advisor Sanctioned Due to Role as Customer Account Beneficiary

May 26th, 2023 at 2:14 PM
The Financial Industry Regulatory Authority (FINRA) has imposed a suspension and a $5,000 fine on Mark A. Brewer, a سԹlls Fargo Advisor, for acting as a beneficiary on a customer account.
Read More

Fidelity Ordered To Pay Options Trader $4 Million

May 25th, 2023 at 1:15 PM
Financial Industry Regulatory Authority (FINRA) arbitrators have recently ruled in favor of an options trader, ordering Fidelity Brokerage Services to pay nearly $4 million in damages. This decision stems from allegations of mishandling transactions in a margin account, resulting in significant losses for the trader.
Read More

FINRA Focuses On Dual Registrant Hybrid Brokers and Investment Advisors

May 24th, 2023 at 1:37 PM
The Financial Industry Regulatory Authority (FINRA) has recently intensified its enforcement efforts to address a concerning issue related to hybrid brokers and investment advisors exploiting their dual status to maximize customer fees and commissions.
Read More

CFP Board Adopts Revised Procedural Rules

May 23rd, 2023 at 1:12 PM
The Certified Financial Planner Board (CFP Board) recently announced the adoption of the revised Procedural Rules. These rules, which will come into effect on September 1, 2023, aim to establish fair and credible processes for investigating misconduct and enforcing the CFP Board's Code of Ethics and Standards of Conduct.
Read More

Top Merrill Advisor Resigns Amid Customer Complaints

May 22nd, 2023 at 1:09 PM
William King, a top-ranked advisor, voluntarily resigned last month after receiving at least ten customer complaints since August.
Read More

سԹlls Fargo Pays $1 Billion to Settle Class-Action Lawsuit

May 19th, 2023 at 1:13 PM
سԹlls Fargo has agreed to pay $1 billion to settle a shareholder lawsuit that accused the company of making misleading statements related to its compliance with federal consent orders following the unauthorized customer account scandal in 2016.
Read More

Federal Prosecutors Charge Hedge Fund Manager For Ponzi Scheme

May 18th, 2023 at 1:11 PM
A former Chicago-based commodities trader, Phillip Galles, has been charged with a single count of wire fraud for allegedly misappropriating $2 million after informing clients that the funds would be invested in commodity futures. 
Read More

FINRA Expels SW Financial and Suspends Chief Executive Officer For Reg BI Violations

May 17th, 2023 at 1:17 PM
The Financial Industry Regulatory Authority (FINRA) has sanctioned a New York-based financial advisory firm, SW Financial, and its Chief Executive Officer for multiple violations of Regulation Best Interest (Reg BI).
Read More

Financial Advisory Firms Seek to Prevent “Disharmony” on Large Teams

May 16th, 2023 at 1:26 PM
Financial advisory firms and company executives continue to promote organizing as a team, which supposedly creates an improved service model for clients.
Read More

TESTIMONIALS

Previous
Next
Quotes Bigger

I am so blessed to have you and your dynamic team defending me. Your ethics, forward thinking and strategies are amazing.  You guys are the best group of attorneys in the country that I could hire to handle this complicated case.

Cindy C.

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.

1783525964 Law
July 8, 2026
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.

1783434190 Law
July 7, 2026
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.