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厙ぴ勛圖 Blog

Former GWG CEO Resigns From Board

December 16th, 2022 at 1:27 PM
GWG Holdings announced its bankruptcy earlier this year, which has resulted in the resignations of multiple members of its board of directors. 
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FINRA Issues $1.3 Million Penalty To Advisor Group Over Private Placement Sales

December 15th, 2022 at 3:32 PM
The Financial Industry Regulatory Authority (FINRA) has issued a $1.3 million fine to the four Advisor Group firms, FSC Securities, Royal Alliance Associates, SagePoint Financial, and Woodbury Financial Services, for selling private placements issued by GPB Capital Holdings.
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Sam Bankman-Fried Charged by SEC With Fraud Over FTX Collapse

December 14th, 2022 at 3:21 PM
The Securities and Exchange Commission (SEC) has charged FTX founder Sam Bankman-Fried with eight criminal counts, including conspiracy and wire fraud, for allegedly misappropriating billions of dollars in customer funds. 
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Morgan Stanley Ordered to Pay $11.7 Million Over Unauthorized Covered Call Strategy

December 13th, 2022 at 3:16 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Morgan Stanley to pay a former client $11.7 million over an allegedly unauthorized call options strategy.
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Hartman vREIT XXXI Releases Going Concern Warning

December 12th, 2022 at 2:51 PM
Hartman vREIT XXXI, a non-traded real estate investment trust, has announced its management’s “substantial doubt about the company’s ability to continue as a going concern”, according to its most recent quarterly report filed with the Securities and Exchange Commission (SEC). 
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FINRA Reminds Firm To Monitor For Red Flags In Options Trading Applications

December 9th, 2022 at 12:16 PM
The Financial Industry Regulatory Authority (FINRA) has released an announcement reminding firms that recommend options trading for clients to be constantly monitoring for “red flags” on customer applications.
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FINRA Orders Morgan Stanley to Pay $697,897 Over Failure to Supervise Nine Advisors

December 8th, 2022 at 2:48 PM
The Financial Industry Regulatory Authority (FINRA) has ordered Morgan Stanley to pay $697,897, including a $200,000 fine and $497,897 in restitution, for failing to adhere to its own procedures for supervising its advisors’ high-risk recommendations. 
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FINRA Bars Former Northwestern Mutual Advisor For Allegedly Cheating on CFP Exam

December 7th, 2022 at 1:52 PM
The Financial Industry Regulatory Authority (FINRA) has barred a former Northwestern Mutual advisor after he failed to cooperate with the regulator’s probe into the Certified Financial Planner Board of Standards’ (CFP Board’s) decision to bar the advisor for alleged “exam misconduct.” 
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FINRA Suspends Former Morgan Stanley Advisor Over Unauthorized Trades

December 6th, 2022 at 2:10 PM
The Financial Industry Regulatory Authority (FINRA) has issued a 20-day suspension and a $6,000 fine to a former Morgan Stanley advisor for allegedly completing several unauthorized trades. 
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Prager Metis Becomes First CPA Firm Involved With FTX Scam

December 5th, 2022 at 1:05 PM
Prager Metis becomes the first CPA firm to open a Metaverse headquarters in the metaverse platform Decentraland. 
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