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SEC Charges Two North Carolina Advisors Over Alleged $75 Million Fraud

September 16th, 2022 at 2:09 PM
The Securities and Exchange Commission (SEC) has charged two North Carolina-based advisors, Gregory Lindberg and Christopher Herwig, with defrauding clients out of at least $75 million through unauthorized trades.
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SEC Charges Hedge Fund Portfolio Manager with Fraud

September 15th, 2022 at 2:55 PM
The Securities and Exchange Commission (SEC) has charged an Oklahoma City-based hedge fund portfolio manager with defrauding investors by making unauthorized trades that caused the fund to lose at least $10 million.
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Terraform Labs Faces Class Action Over TerraUS Failure

September 15th, 2022 at 11:16 AM
Terraform Labs is facing a potential class action suit over the collapse of its TerraUS stablecoin, which generated millions in losses to investors. 
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Former Wisconsin Advisor Receives 84-Month Prison Sentence For Fraud

September 13th, 2022 at 3:39 PM
A former Wisconsin-based advisor has received an 84-month prison sentence for defrauding nearly 100 investors and a bank, according to the Department of Justice. 
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Former David Lerner Advisor Agrees To Settlement Over Proprietary Energy Fund

September 12th, 2022 at 12:55 PM
The Financial Industry Regulatory Authority (FINRA) has agreed to a settlement with a barred David Lerner advisor over the millions of dollars of unpaid distributions owed to investors who purchased a proprietary energy fund prior to energy prices collapsing in 2020.
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FINRA Settles With Kovack Over Failure to Supervise

September 9th, 2022 at 1:11 PM
Kovack Securities over the firm’s failure to supervise one of its unnamed advisors who improperly recommended short-term investments in mutual fund share classes. 
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FINRA Suspends Former Merrill Advisor Over Unauthorized Trades

September 8th, 2022 at 1:48 PM
The Financial Industry Regulatory Authority (FINRA) has issued a 45-day suspension and a $5,000 fine on a former Merrill Lynch advisor who allegedly completed unauthorized trades in three separate client accounts. 
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Former Rockefeller Advisor Lands at Colorado RIA After Unauthorized Trading Allegations

September 7th, 2022 at 2:08 PM
A former Rockefeller Capital Management advisor, Brent Hablutzel, has joined an LPL Financial-affiliated firm after his termination in July over allegations that he completed several unauthorized trades on behalf of his clients. 
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SEC Charges Denver Real Estate Developer with Securities Fraud

September 6th, 2022 at 12:53 PM
The Securities and Exchange Commission (SEC) has charged a Denver real estate developer, WDC Holdings LLC, as well as its owner, Robert Watson, for allegedly misrepresenting their investments in securities offerings to fund ten distinct real estate projects. 
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California Advisor Terminated From Two Firms Over Undisclosed Outside Business

September 2nd, 2022 at 1:19 PM
A California-based financial advisor had his record tarnished on two occasions in a six-month period over related undisclosed outside business activity (OBA) allegations. 
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FINRA Bars Former Raymond James Broker for Refusing Testimony in Unauthorized Trading Probe

A former registered representative with Raymond James has been barred from the securities industry after refusing to cooperate with a Financial Industry Regulatory Authority (FINRA) investigation into alleged unauthorized trading activity.

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FINRA Outlines Key Rulemaking Priorities and Recent Developments in Quarterly Agenda

The Financial Industry Regulatory Authority (FINRA) recently released its Quarterly Regulatory Policy Agenda, offering a detailed view of its rulemaking priorities, pending proposals, and recently approved regulatory changes.

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Commonwealth Financial Network Resolves SEC Conflict of Interest Case

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