Recent Posts in RBC Category
Posted on Feb 20, 2019 By The Law Offices of Jonathan W. Evans & Associates
One year after the SEC barred ex-Merrill Lynch and RBC Capital broker Thomas Joseph Buck from the securities industry (and three years after FINRA barred him for the same), a federal judge sentenced ...
Continue reading "Disgraced Merrill Lynch Broker Thomas Buck Sentenced to 40 Months in Prison for Securities Fraud" »
Posted on Jun 29, 2018 By The Law Offices of Jonathan W. Evans & Associates
FINRA fined and suspended former RBC Capital (San Francisco, CA) broker Brian Sung Hyun aka Sung Chul Hyun for participating in a pair of cannabis and medical marijuana-related outside business ...
Continue reading "Brian Sung Hyun Sanctioned for Undisclosed Marijuana Consulting Outside Business Activities" »
Posted on May 18, 2018 By The Law Offices of Jonathan W. Evans & Associates
Though one might think banks and brokerages would choose simplicity in the wake of February's volatility-induced panic when uninformed brokers took on too much risk, it turns out the market for ...
Continue reading "Banks and Brokers Recommending Risky Reverse Convertibles to Combat Volatility Despite Prior Discipline" »
Posted on Feb 13, 2018 By Michael Edmiston
SEC officials barred former Merrill Lynch and RBC Capital broker Thomas Joseph Buck, who pleaded guilty to overcharging clients in October and was previously barred by FINRA in 2015. The SEC in ...
Continue reading "Guilty of Fraudulent Scheming to Overcharge Clients, SEC Bars Ex-Merrill Lynch Rep Thomas J. Buck" »
Posted on Nov 21, 2017 By Michael Edmiston
The oil-and-gas Master Limited Partnership (MLP) Linn Energy (NASDAQ: LINE) plunged its investors further into financial peril with a 2016 Chapter 11 Bankruptcy filing, while a Bankruptcy Court this ...
Continue reading "Linn Energy MLP (NASDAQ Symbol: LINE) Was Risky and Costly" »
Posted on Mar 7, 2016 By Michael Edmiston
FINRA censured and fined RBC Capital Markets, LLC $300,000 for failing to update industry forms to reflect its representatives' unsatisfied liens and judgments. The regulator also charged RBC with ...
Continue reading "FINRA Fines RBC Capital $300k for Failing to Disclose Reps' Unsatisfied Liens and Judgments" »
Posted on Jul 31, 2015 By Michael Edmiston
FINRA barred former Merrill Lynch and RBC Capital broker Thomas Joseph Buck for misleading and overcharging clients from 2009-2015 while he was associated with Merrill Lynch, thus willfully committing ...
Continue reading "Ex-Billion-Dollar Merrill Lynch, RBC Broker Thomas J. Buck Barred for Overcharging and Misleading Clients, Fraud" »
Posted on Apr 23, 2015 By Michael Edmiston
FINRA ordered RBC Capital Markets to pay over $1.4 million in fines and restitution to customers for a variety of supervisory failures that FINRA says resulted in several hundreds of sales of the ...
Continue reading "FINRA Fines RBC $1 Million, Orders $434,000 in Restitution for Reverse Convertible Failures" »
Posted on Aug 22, 2014 By Michael Edmiston
"Airbags" are a new twist on the old reverse convertible structured product. We are beginning to see investors bringing in account statements and materials related to these types of ...
Continue reading "Airbags - Unsafe at any Speed" »