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ÍøÆØ³Ô¹Ï Blog

Municipal Bonds Increasingly Held by Funds Rather Than Retail Investors

July 12th, 2022 at 8:47 AM
The percentage of outstanding municipal bonds owned by U.S. retail investors dipped to 40% in the first three months of the year in comparison to 46% in 2020, according to a Municipal Securities Rulemaking Board report.
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Leveraged Municipal Bond Funds Hit With Losses As Bond Market Falters

July 7th, 2022 at 3:27 PM
The recent bond rout has led to substantial losses for leveraged municipal bond funds. 
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FINRA Fines National Securities $9 Million Over GPB and Other Misconduct

July 6th, 2022 at 11:34 AM
The Financial Industry Regulatory Authority (FINRA) has fined National Securities over a host of issues, including artificially influencing the market for securities it had underwritten and negligently omitting to inform GPB Capital private placement investors that the company had failed to timely file its audited financial statements. 
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ÍøÆØ³Ô¹Ïlls Fargo Agrees To $3.75 Million Deal Concluding Ponzi-Aid Dispute

July 1st, 2022 at 1:16 PM
Investors who alleged that ÍøÆØ³Ô¹Ïlls Fargo aided and abetted a real estate Ponzi scheme have asked a California federal judge for permission to proceed with a $3.75 million settlement.
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FINRA Fines United Planners Over GPB Private Placement Sales

June 30th, 2022 at 1:18 PM
The Financial Industry Regulatory Authority (FINRA) has fined United Planners’ Financial Services of America over negligent sales of private placements issued by GPB Capital Holdings.
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J.P. Morgan Advisors Ordered To Pay Former Partner $620,000

June 29th, 2022 at 1:15 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered a J.P. Morgan team to pay their former partner at least $620,000 over the dissolution of a partnership.
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JP Morgan Manager Reveals Issues Regarding ESG Loan Pitches

June 28th, 2022 at 3:03 PM
The market for sustainability-linked loans is still severely prone to “greenwashing”, or investing more time and effort into marketing itself as environmentally friendly rather than actually minimizing its environmental impact, according to one of J.P. Morgan’s managers who often helps to sort through debt that is pitched to the company.
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SEC Investigates A.G. Morgan Financial Advisors and Others For Selling Unregistered Securities

June 27th, 2022 at 12:49 PM
The Securities and Exchange Commission (SEC) is investigating Vincent Camarda, James McArthur, and A.G. Morgan Financial Advisors.
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SEC Charges Advisors and Their Firm With Reg BI Violations Over Sales of GWG L Bonds

June 24th, 2022 at 10:45 AM
The Securities and Exchange Commission (SEC) has charged ÍøÆØ³Ô¹Ïstern International Securities and five of its advisors with violating Regulation Best Interest (Reg BI) when they recommended and sold high-risk debt securities known as L Bonds to retirees and other retail investors.
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Former Credit Suisse Advisor Prevails in Deferred Compensation Claim

June 23rd, 2022 at 1:21 PM
A former Credit Suisse advisor has prevailed on a $2.2 million arbitration claim after alleging that the firm improperly withheld his deferred compensation when it discontinued its U.S. brokerage business in 2015.     
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Jim, Stephany and the whole team were a God send.  ÍøÆØ³Ô¹Ï felt like we were put into a situation where we had no advocate. Jim’s team came in with a strong, well laid out strategy on how to get our story heard. Where our outside compliance company had no ability to help, our Broker Dealer was impenitent, and the regulators were aggressive pursuing vague rules, Jim came like a barricade against an assault we did not understand. Though you pay member dues to be affiliated with FINRA and a B/D, you have no voice. The only thing that is truly heard in this un-level playing field is a bulldog’s bark like Jim’s. I would encourage anyone to call Jim and his team to find a real ally in the tough and complicated world of securities regulation. They are truly the best.

Greg P.

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