Recent Posts in ETFs Category
Posted on Apr 14, 2013 By Michael Edmiston
When an investor grants "discretionary authority" to a broker to trade the investor's account using only the broker's own judgment, the grant of authority must be in writing and ...
Continue reading "Once Granted, Permission to Trade with Discretion Can Be Problematic" »
Posted on Apr 8, 2013 By Michael Edmiston
FINRA ordered former Merrill Lynch, Pierce, Fenner & Smith Inc., Deutsche Bank Securities Inc., and Oppenheimer & Co., Inc. broker Karl Edward Hahn to pay former clients over $11 million in ...
Continue reading "Karl Edward Hahn Ordered to Pay $11 Million to Customer for Investment Fraud & Misrepresentation" »
Posted on Mar 24, 2013 By Michael Edmiston
According to Nathaniel Popper of The New York Times, investment firm LPL Financial has ratcheted up a sequence of problems with multiple securities regulators LPL is not unique nor alone in its ...
Continue reading "LPL Financial Firm Under Fire and On Radar with Several Securities Regulators" »
Posted on Feb 24, 2013 By Michael Edmiston
FINRA barred former Riverstone Wealth Management, Inc. broker Mark E. Marek for making unsuitable investment recommendations to a customer, the implementation of which allegedly resulted in a loss of ...
Continue reading "Mark E. Marek Barred When Unsuitable Investment Recommendation After Client Loses Nearly $600,000" »
Posted on Jun 20, 2012 By Michael Edmiston
When the Financial Industry Regulatory Authority (FINRA) announced its intention to bring cases against brokers and their firms who have sold customers unsuitable leveraged and inverse exchange-traded ...
Continue reading "Michael Douglas Venable Barred for Multiple Violations Related to Sales of ETFs" »