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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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Coinbase Receives SEC سԹlls Notice Regarding Intent to File Suit Over Crypto Offerings

March 30th, 2023 at 1:20 PM
Coinbase Global announced that it has received a سԹlls Notice from the Securities and Exchange Commission (SEC) declaring the regulator’s intent to file an enforcement action against the cryptocurrency exchange.
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FINRA Suspends Long Island Advisor Over Inaccurate Client Contact Notes

March 29th, 2023 at 2:31 PM
The Financial Industry Regulatory Authority (FINRA) has issued a two-month suspension to a Long Island-based advisor, Derek Rehill, for allegedly recording inaccurate notes related to four phone calls with clients.
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SEC Charges Financial Advisor and Firm for Defrauding Clients with Annuity Sales

March 28th, 2023 at 3:04 PM
The Securities and Exchange Commission (SEC) has charged a Massachusetts-based financial advisor, Jeffrey Cutter, and his firm, Cutter Financial Group, for failing to disclose conflicts of interest in connection with annuity sales. 
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Heartland Bank & Trust Co. Agrees to $9 Million Settlement For Allegedly Aiding and Abetting a Ponzi Scheme

March 24th, 2023 at 2:11 PM
The Securities and Exchange Commission (SEC) has agreed to a $9 million settlementwith Heartland Bank & Trust Co. over the bank’s alleged role in aiding and abetting a $75million Ponzi scheme.
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Morgan Stanley Obtains TRO Against Pennsylvania LPL Advisor Over Inherited Accounts and Misrepresentations

March 23rd, 2023 at 1:13 PM
A federal judge has awarded Morgan Stanley a temporary restraining order (TRO)against a Pennsylvania-based advisor who recently departed for LPL Financial.
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Sanford Bernstein & Co. and Alliance Bernstein Face FINRA Arbitration Claim Over Options Advantage Strategy

March 22nd, 2023 at 2:08 PM
Sanford Bernstein & Co. and Alliance Bernstein (Bernstein) are facing what could be the first of several Financial Industry Regulatory Authority (FINRA) arbitration claims related to its Options Advantage Strategy.
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Silver Star Properties REIT Pursuing “Complete Separation” From Hartman

March 21st, 2023 at 2:17 PM
Silver Star Properties REIT, formerly known as Hartman Short Term Income PropertiesXX Inc., announced that the company is “currently in discussions” with Allen Hartman regarding a complete separation between Silver Star and Hartman vREIT XXI Inc.
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Silver Star Properties REIT Investigating Founder For Alleged Fiduciary Violations

March 20th, 2023 at 3:46 PM
Silver Star Properties REIT, a publicly registered non-traded real estate investment trust,recently announced that the executive committee of the board has removed founder andexecutive chairman of the company, Allen Hartman.
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Recent Study Shows FINRA Enforcement Actions Declined Last Year

March 17th, 2023 at 10:09 AM
The Financial Industry Regulatory Authority (FINRA) reported only $45 million in fineslast year in comparison to $103 million in 2021, according to an annual report on FINRAdisciplinary enforcement.
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