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Federal Judge Reaffirms Injunctions Against Advisors Who Departed USI for Lockton

May 15th, 2023 at 11:48 AM
A federal judge has upheld and expanded an injunction against several former USI financial advisors who departed for Lockton.
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SEC Charges Two Texas Advisors Over $155 Million Fraudulent Oil & Gas Offering

May 12th, 2023 at 1:14 PM
The Securities and Exchange Commission (SEC) has charged Roy Hill and Eric Shelly along with two entities under their ownership, Clean Energy Technology Association (CETA) and Freedom Impact Consulting (FIC), for allegedly organizing a fraudulent offering that raised nearly $155 million from at least 500 investors. 
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Goldman Sachs Pays $215 Million To Settle Class-Action Suit on Underpaying Women

May 11th, 2023 at 1:21 PM
Goldman Sachs has agreed to pay $215 million to settle a class-action lawsuit that accused the company of systemically underpaying female employees.
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U.S. Government To Investigate Goldman’s Role in Failed SVB Deal

May 9th, 2023 at 1:07 PM
U.S. governmental agencies are set to investigate Goldman Sachs’ role in Silicon Valley Bank’s (SVB’s) last-ditched effort to raise funds in March.
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SEC Charges Son and Father-in-Law Who Targeted Church Members in $20 Million Fraud

May 8th, 2023 at 1:22 PM
The Securities and Exchange Commission (SEC) has charged Brett Bartlett and his father-in-law, Scott Miller, along with their companies over fraudulent securities offerings that generated nearly $20.5 million. 
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BREIT Limits Redemption Requests for Sixth Consecutive Month

May 5th, 2023 at 1:25 PM
Blackstone Real Estate Income Trust Inc. has announced that the company limited redemption requests again last month raising concerns among some investors and industry participants. 
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Stifel Fined $2.5 Million After Advisor Charged Excessive Fees to Seniors and a Church

May 4th, 2023 at 1:24 PM
Massachusetts’ top securities regulator, William Galvin, has ordered Stifel, Nicolaus & Co. to pay $2.5 million for failing to supervise an advisor’s questionable trades, which charged excessive and unauthorized fees to several senior clients, nonprofits, and a church.
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Former Cetera Advisor Wins $500,000 Arbitration Award Over Failed M&A Deal

May 3rd, 2023 at 1:13 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded nearly $500,000 to a former Cetera Financial Group advisor, Betsy Jo Merritt, after an agreement to sell her branch fell through.
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Raymond James and Two Financial Advisors Win $16.4 Million Arbitration Award Against Deutsche Bank

May 2nd, 2023 at 2:01 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Deutsche Bank to pay $16.4 million to Raymond James and two financial advisors in a dispute regarding fees.
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Top-Ranked UBS Advisor in Las Vegas Wins Expungement With Help From Client

May 1st, 2023 at 1:29 PM
A top-ranked Las Vegas-based UBS financial advisor has prevailed in his expungement hearing with the help of the customer who initially had filed the complaint. 
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If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, ÍøÆØ³Ô¹Ï Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it ÍøÆØ³Ô¹Ï.

Rick R.

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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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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.