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SEC Charges Unregistered Crypto Assets Advisor and Owner With Fraud

September 30th, 2022 at 11:09 AM
The Securities and Exchange Commission (SEC) has charged Chicago Crypto Capital along with its owner, Brian Amoah, and two former salesman, Darcas Young and Elbert Elliot, for allegedly defrauding investors in connection with an unregistered offering of crypto asset securities.
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SEC Charges Loop Capital Markets with Violating Municipal Advisor Registration Rule

September 29th, 2022 at 12:44 PM
The Securities and Exchange Commission has charged Loop Capital Markets for allegedly providing advice to a municipal entity without registering as a municipal advisor.
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SEC Charges Four Underwriters to Enforce Municipal Bond Disclosure Law

September 28th, 2022 at 1:33 PM
The Securities and Exchange Commission (SEC) has filed suit against Oppenheimer & Co. and additionally announced settlements with BNY Mellon Capital Markets, TD Securities, and Jefferies for failing to comply with municipal bond offering disclosure requirements. 
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FINRA Fines Financial Advisory Firm After Elderly Client Was Loaded Up on Margin

September 27th, 2022 at 1:04 PM
The Financial Industry Regulatory Authority (FINRA) has agreed to an $86,000 settlement with SagePoint Financial over allegations that the firm failed to effectively supervise its advisors’ use of margin in client accounts. 
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FINRA Fines Another Financial Advisory Firm Over GPB Private Placement Sales

September 26th, 2022 at 1:11 PM
The Financial Industry Regulatory Authority (FINRA) has issued a $60,000 fine to Sanctuary Securities, formerly known as David A. Noyes & Company, over improper sales of two GPB Capital private placement offerings.
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CFP Board Lifts Interim Suspension of Former UBS Advisor

September 23rd, 2022 at 1:30 PM
The Certified Financial Planner Board of Standards (CFP Board) has lifted an interim suspension it had imposed against a former UBS advisor after criminal fraud charges against him were recently dismissed.
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FINRA Penalizes Baird Over $100 Trading Commissions

September 22nd, 2022 at 2:15 PM
The Financial Industry Regulatory Authority (FINRA) has ordered Robert W. Baird & Co. to pay $461,481 plus interest due to allegations that the firm overcharged its clients on thousands of equity transactions for at least one year.
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FINRA Arbitrators Award Nearly $470,000 To Investors in UBS YES Product

September 21st, 2022 at 1:23 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered UBS to pay nearly $470,000 to clients who invested in a complex options strategy, known as the YES or Yield Enhancement Strategy. 
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SEC Charges Private Fund Advisor and Owner With Fraud

September 20th, 2022 at 12:01 PM
The Securities and Exchange Commission (SEC) has charged Ramas Capital Management (RCM) as well as its managing partner and owner, Ganesh Betanabhatla, over alleged misrepresentations and breaches of fiduciary duty to a privately-managed fund and its sole investor. 
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State Regulators Warn Investors ÍøÆØ³Ô¹Ï The Metaverse

September 19th, 2022 at 12:51 PM
While the metaverse is fake, real fraudsters within the virtual world can cause actual financial harm, according to state securities regulators. 
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