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J.P. Morgan Files Suit Against Two Advisors Who Departed For Merrill Lynch

February 15th, 2023 at 4:21 PM
J.P. Morgan has asked a New York state court to issue a temporary restraining order (TRO) barring two of its former advisors from soliciting their former clients.
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SEC Settles With Moors & Cabot For $1.9 Million Over Disclosure Failures

February 14th, 2023 at 2:00 PM
The Securities and Exchange Commission (SEC) has ordered Moors & Cabot to pay $2 million to settle allegations that the firm breached its fiduciary duty to its clients by failing to disclose payments it received from clearing brokers. 
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FINRA Bars Former UBS Advisor Who Allegedly Misappropriated $7.2 Million

February 13th, 2023 at 2:00 PM
The Financial Industry Regulatory Authority (FINRA) has barred a former UBS financial advisor for allegedly misappropriating millions of dollars from clients. 
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SEC Issues New Warning Regarding Reg BI Compliance Lapses

February 10th, 2023 at 1:54 PM
The Securities and Exchange Commission (SEC) has issued a warning indicating that financial advisory firms are relying on outdated systems to achieve compliance with Regulation Best Interest (Reg BI). 
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Advisor Group Firms Avoid Fines Over Sales Charge Waivers

February 9th, 2023 at 2:28 PM
The Financial Industry Regulatory Authority (FINRA) previously had ordered three Advisor Group financial advisory firms to pay nearly $515,000 in restitution for failing to apply sales charge waivers to certain 529 plan investors during a five-year period. 
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Morgan Stanley Fines Some Advisors $1 Million Over Messaging Lapses

February 8th, 2023 at 1:52 PM
Morgan Stanley has fined some of its own financial advisors more than $1 million each for communicating with clients on WhatsApp and other messaging platforms. 
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SEC Charges Pennsylvania Investment Advisor With Operating Fraudulent Scheme

February 7th, 2023 at 1:48 PM
The Securities and Exchange Commission (SEC) has charged a former investment advisor, Joshua Coleman, with allegedly operating a fraudulent scheme that generated nearly $200 million in ill-gained proceeds. 
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Morgan Stanley Expected To Soon Resolve Due Diligence Backlog

February 6th, 2023 at 12:44 PM
Morgan Stanley is expected to resolve an issue pertaining to financial advisors whose client accounts have been recently entangled in a due diligence backlog. 
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SEC Charges Wisconsin Financial Advisor For Allegedly Defrauding Senior Investors

February 3rd, 2023 at 2:00 PM
The Securities and Exchange Commission (SEC) has charged a Wisconsin-based financial advisor, Anthony Liddle, with misappropriating $1.9 million from at least 13 investors.
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Clients Increase Their Demands to Cash Out of REITs Amidst Potential Recession

February 2nd, 2023 at 1:50 PM
Investors collectively have rushed to cash out of some non-traded real estate investment trusts (REITs) during the fourth quarter, which has boosted the demand to redeem shares of net asset value REITs by $1 billion, according to investment bank Robert A. Stanger & Co. 
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