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Failure to Supervise
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February 24, 2023
Beverly Hills Broker Antoine Souma Barred After Failing to Cooperate with FINRA Investigation
February 10, 2023
Centaurus Financial Penalized $1 Million for Unsuitable Structured Product Sales
November 13, 2022
Pasadena-Based Western International Securities Fined $400k for Deficient REIT Supervision
June 16, 2022
Western International Securities Charged with Violating Regulation Best Interest by Recommending and Selling Unsuitable and Risky GWG L Bonds
April 13, 2022
GWG Holdings Unit Seeks Waiver of Default
April 12, 2022
GWG Sanctioned by NASDAQ As More Brokerage Sellers Appear
March 09, 2022
Investors Advised to "Avoid GWGH" as GWG Holdings Deemed Problematic in 2015
February 23, 2022
Unsuitably Recommended and Sold to Investors, GWG Holdings L Bonds Lose Value, Paving Way for Arbitration
December 30, 2021
Fraudulent Offerings, Unsuitable Recommendations Linked to Northstar Financial Service (Bermuda)
September 06, 2021
SEC Complaint Cites Former Oppenheimer Rep John Woods for Massive $110 Million Horizon Private Equity Ponzi Scheme Targeting Elderly Retirees
August 10, 2021
Raymond James May Have Sold Unsuitable Northstar Financial Services (Bermuda) Products, Resulting in Losses Due to Northstar's Downfall
May 27, 2021
Calton & Associates Sanctioned Over Volatile Exchange-Traded Product (ETP) Supervision Failures
January 15, 2021
Transamerica Financial Advisors to Pay $8.8 Million Over Unsuitable Recommendations Charges
January 25, 2019
Unauthorized Trading, Suitability, and Customer Abuse Complaints Catch Up to Wedbush's William Mark Heiden of Southern California
August 07, 2018
Compliance Officer Claims Retaliation in Firing from Purshe Kaplan Sterling After Reporting Alt Investment Red Flags to FINRA
July 02, 2019
Dunkerley Named in $43 Million Dollar Fraud Scheme Tied to LAFC Soccer Team Owner
June 20, 2019
Wedbush's Latest Penalty is an $8.1 Million SEC Fine for Improper Handling of ADRs
June 13, 2019
Nina Jessee Latest Cetera Advisors Broker Barred by FINRA
May 03, 2019
Jamie Bennett Sanctioned for Failing to Review E-mails, Use of Outside E-mail Address
April 24, 2019
Voya Financial Cited for Mutual Fund Sales Charge & Supervisory Failures
April 13, 2019
FINRA Identifies 5 High-Price Issues in Unsuitable Variable Annuity Recommendations
April 10, 2019
Glendale Securities (Sherman Oaks) Brokers Sanctioned in Penny Stock Misconduct
March 14, 2019
Wedbush Pays $250k to Settle Supervision Failure Charge for SoCal Rep Timary Delorme's Pump-and-Dump Fraud
March 13, 2019
Sigma Financial Sanctioned for Deficient Non-Traditional ETF Supervisory System
December 22, 2018
Cetera Advisor Networks Fined $1.4 Million for Broker Koehler's Unsuitable Churning and Excessive Mutual Fund Trading
September 29, 2018
Robert Torcivia Disciplined Over Beneficiary Designations, Inheriting Money from Clients
September 06, 2018
Lincoln Investment Planning Sanctioned for Failing to Apply Sales Charge Discounts to Eligible Retirement Customers
August 22, 2018
Merrill Lynch to Pay $8.9 Million to SEC for Failing to Disclose Conflict of Interest
August 16, 2018
SEC Issues Ameriprise Financial Cease-and-Desist Order over Failure to Detect Misappropriation and Fraud
August 14, 2018
StockCross Financial Services, LA Broker Peter Cunningham Accused of Fraudulent, Unethical UIT Trading Practices
July 26, 2018
National Planning Corp, Investment Centers of America, SII Investments and IFC Holdings Fined $1.7 Million, Ordered to Pay $6 Million in Restitution for Variable Annuity Sales Misconduct
July 24, 2018
FINRA Fines Royal Alliance, FSC, SagePoint Financial, and Woodbury $1 Million for Variable Annuity Supervision Violations
July 11, 2018
Cetera Financial Fined $200,000 for Failing to Supervise Broker Who Misused Elderly Client's Funds
June 27, 2018
Kyusun Kim Barred for Unsuitable Recommendations of REITs and Alt Investments in Elderly Investors' Retirement Accounts
June 22, 2018
Online Investment Firm Betterment Fined $400,000 for Violating Customer Protection Rule
December 13, 2022
LPL Financial Fined $150k, Admonished for Failing to Supervise Broker Involved in Ponzi Scheme
November 03, 2022
FINRA Slams Anaheim's Centaurus Financial for Supervisory Failure, Allowing Broker Donnie Ingram to Hire His Own Supervisor
October 21, 2022
Previously Sanctioned for Excessive & Unsuitable ETP Trading, Efrain Trujillo Barred for Borrowing Money From Customers
September 15, 2022
SagePoint Financial Sanctioned for Supervisory Failures, Excessive Margin for Elderly Client
August 30, 2022
Kovack Securities Cited for Failing to Supervise Short-Term Mutual Fund Trades, Suitability Issues
July 20, 2022
Roselaine Securities Disciplined for Failing to Supervise or Identify Staff Engaged in Outside Business Activities, Failing to Act on US Government's Financial Crimes Enforcement Network Requests
May 09, 2022
LPL Financial Broker Bruce Amman Cited for Transacting $3.5 Million Private Placement Without LPL Approval
May 06, 2022
TCFG Broker Janie Garza-Clark Barred After Fraud Complaint, Investigation
April 27, 2022
Berthel Fisher Fined $100,000 for Options Trading Compliance Failures in Elderly Client's Account
March 24, 2022
Geneos Wealth Management to Pay $400,000 for Improper Alt Investment Sales
February 21, 2022
Purshe Kaplan Sterling Charged Over Unsuitable Leveraged ETF Sales Causing $2.3 Million in Losses
February 08, 2022
Raymond James Under Investigation for Northstar Financial Services (Bermuda) Sales
January 15, 2022
Triad Advisors Disciplined for Failing to Supervise LJM Mutual Fund Recommendations, Which Lost 80% In Value Before Liquidating
January 14, 2022
Royal Alliance Associates, Sagepoint Financial & FSC Securities Sanctioned for Supervisory Failures; SagePoint Cited for Failing to Monitor Known Problem Brokers
December 30, 2021
Wedbush Securities to Pay $1.2 Million Over Unregistered Microcap Sales
November 29, 2021
WestPark Capital Sanctioned for Misrepresentations in $3.9 Million Promissory Note Sales
November 23, 2021
JP Morgan Advisors' Antoine Souma Suspended for Incorrect and Misleading Reports to Customer
July 31, 2021
SEC Finds Fiduciary Duty and Suitability Failures in Wrap-Fee Program Recommendations
July 28, 2021
Regulators Crack Down on Record Keeping and Broker Communications via E-mail, Text Message, WhatsApp, and Social Media
July 21, 2021
UBS Ordered to Pay $8 Million for Unsuitable Complex ETP Sales of VXX
July 16, 2021
Merrill Lynch to Pay $11.7 Million Over Unit Investment Trust (UIT) Supervisory Failures
June 29, 2021
SEC Orders Crown Capital Securities to Pay $1.6 Million Over Mutual Fund Share Class Violations
June 24, 2021
Farmers Financial Solutions Fined for Failing to Supervise Variable Universal Life, Mutual Funds Business
June 16, 2021
Corey White Barred Over Supervisory & Red Flag ETP Failures at Financial West Group Because "There Were Too Many to Review"
May 11, 2021
UnionBanc Investment Services Fined $100k for Variable Annuity Supervision Woes
April 12, 2021
Independent Financial Group Disciplined Over Concentrated Illiquid REIT Sales, Supervisory Failures
March 25, 2021
The Logan Group Securities Cited for Multi-Share Class Variable Annuity Violations
March 22, 2021
Growth Capital Services Fined $35,000 for Distributing Misleading Description of Risky Private Placements and Disclosure Failures
March 18, 2021
Whitehall-Parker Securities, Robert James Yuloo Cited for Failing to Supervise Broker Who Sold Fraudulent Woodbridge Ponzi Scheme Products
March 09, 2021
Cetera Financial Group & Cetera Advisors Paid $4.2 Million Over Mutual Fund Misconduct
February 25, 2021
VALIC Financial Advisors Fined $350,000 for Variable Annuities Failures After Prior $1.75 Million Fine
February 11, 2021
FINRA Fines Triad Advisors $150,000 Over Poor Mutual Fund & Variable Annuity Switches That Resulted in Customer Losses
January 25, 2021
Cetera Firms Fined $1 Million for Supervisory Failures in Third-Party Securities Transactions
January 07, 2021
LPL Financial Fined $6.5 Million for Supervisory Deficiencies in Wake of $1+ Million Ponzi Scheme
January 01, 2021
Worden Capital Management Ordered to Pay $1.5 Million Over Systemic Excessive Trading and Unsuitable Recommendations That Caused Losses of Millions of Dollars, Interfering with Customers' Requests to Transfer Accounts to Another Broker-Dealer
December 11, 2020
California's Infinity Financial Services Fined $35k Over Inadequate Background Checks of Brokers, Failing to Obtain Industry Approvals
November 27, 2020
FINRA Cracks Down on Unit Investment Trust (UIT) Short-Term Trading Abuse at Stifel, Nicolaus & Company
November 25, 2020
FINRA Finds Variable Annuities, Life Insurance Liquidation Strategy Unsuitable, Cites ON Equity Sales Broker
November 20, 2020
American Portfolios Financial Services Fined for Unsuitable VXX Recommendations That Caused Customer Losses
November 13, 2020
SEC Fines Royal Alliance Associates Over Volatility Linked ETP Failures, Including iPath S&P 500 VIX ETN 'VXX'
September 03, 2020
Wells Fargo Variable Annuity Supervision Violations Net $2 Million in Fines and Restitution
June 02, 2020
Stifel Nicolaus to Pay $3.65 Million for Unsuitable Unit Investment Trust (UIT) Rollovers & Poor Supervision
May 23, 2020
SunTrust Investment Services to Pay $634,000 Over Unsuitable ETF Sales
May 07, 2020
Western International Securities Failed to Disclose Brokers' Financial Events Totaling $5.6 Million, Says FINRA
April 23, 2020
Integrity Brokerage Services CEO Joshua Helmle Accused of Deliberately Defying FINRA, Allowing Disqualified Broker Marc Jaffe to Work While Ineligible and Serve While Unregistered
April 20, 2020
Wedbush Broker James Richards Cited for Supervision Failure Over Multi-Million Dollar Margin Deficits
April 08, 2020
Clare Cail Suspended for Altering Signed Account Documents, Submitting Falsified Form
April 06, 2020
Accurate Record Keeping & Supervision Vital as FINRA Temporarily Lifts Rules, SEC Suspends In-Person Exams During Pandemic
February 14, 2020
Commonwealth Income and Growth Fund at Heart of FINRA Bar for Misuse of Funds
February 03, 2020
Royal Alliance Fined $400,000 Over $3.8 Million Theft from Customers
January 15, 2020
NEXT Financial Group Fined for Unsuitable Non-Traded REIT Sales
January 06, 2020
FINRA Penalizes Oppenheimer & Co $3.8 Million After UIT Supervisory Failures
January 02, 2020
First Financial Equity Corporation Sanctioned for Failing to Timely Disclose Financial Events, Supervisory Deficiencies
October 25, 2019
Environmental Lawyers' Warning of Conservation Easement Investments, Penalties for Abuse of Federal Tax Code
October 24, 2019
JP Morgan Fined $1.1 Million for Failing to Tell FINRA About 89 Broker Misconduct Allegations
October 16, 2019
Broker John Charles Wyshak Ordered to Pay Nearly $1 Million Over Churning Allegations at Raymond James
October 15, 2019
Newbridge Fined $225,000 for Complex Securities, ETF Supervision Failures
September 17, 2019
JP Morgan Fined $1.1 Million for Failing to Timely Disclose Broker Misconduct, Harming FINRA & The Public
September 11, 2019
FINRA Cites First Financial Equity's Compliance Officer, Melissa Strouse, for Failing to Disclose 67 Broker Liens, Judgments & Financial Events
August 26, 2019
Ex-Cetera Broker Merhoff Racking Up Complaints After FINRA Bar
August 19, 2019
Crown Capital Cited for Mutual Fund Supervision Deficiencies
July 10, 2019
Raymond James Compliance Officer Barred for Falsifying Data
July 09, 2019
After Customers Suffer Losses, FINRA Cites Cetera's Summit Brokerage Services for Failing to Review Excessive Trade Alerts
January 24, 2019
LPL Financial Sues Barred Ex-Broker Christopher Lossing over $292,000 Theft it Inadvertently Aided
July 02, 2018
Massachusetts to Investigate Private Placement Sales & Related Practices at 10 Firms
May 09, 2018
Fifth Third Securities to Pay $6 Million for Variable Annuity Suitability and Disclosure Failures
May 08, 2018
Troubled LPL Financial to Pay $26 Million for Selling Unregistered, Non-Exempt Securities
April 20, 2018
FBI Arrests Ex-Ameriprise Broker Li Lin Hsu for Fraud, Stealing from Clients
April 13, 2018
Park Avenue Securities Fined $300,000 in Variable Annuities Supervision Investigation
April 10, 2018
Wells Fargo Wealth Management Investigated for Unsuitable Investments, Self-Dealing
March 28, 2018
SEC Charges Wedbush Securities with Failing to Supervise Timary Delorme in Penny Stock Market Manipulation Scheme
March 15, 2018
Saddled with Settlements, Kevin Yang Sanctioned for Unauthorized Discretion at Morgan Stanley
March 06, 2018
DOJ Orders Review of Wells Fargo Advisors' Sales Practices and Recommendations
February 20, 2018
Credit Suisse Execs Had Secretaries Complete Training for Them, Records Show
February 16, 2018
Regulator Charges Scottrade with Fiduciary Duty Rule Violation in Retirement Sales Contest Controversy
February 14, 2018
SEC Fines Deutsche Bank Securities $4.45 Million for Misleading Mortgage-Backed Securities Sales
February 12, 2018
Wedbush Fined $1.5 Million Over Customer Protection and Supervisory Failures
January 31, 2018
FINRA to Flag Brokers as High-Risk Due to Association with Recidivist Reps, Fraudulent Firms
January 10, 2018
Ameriprise's Larry Boggs Barred for Churning Elderly Client Accounts, Improperly Changing Customer Objectives
January 09, 2018
Citigroup Sanctioned $11.5 Million for Displaying Inaccurate Equity Research Ratings, Such as "Buy" When the Firm Meant "Sell"
January 05, 2018
Raymond James Fined $2 Million for Failing to Supervise E-mail Communications
January 04, 2018
JP Morgan Fined $2.8 Million for Customer Protection Deficiencies, Flawed Systems, and Supervisory Failures
December 27, 2017
NASAA Identifies Notes, Real Estate, Ponzi, Oil and Gas, Affinity Fraud, and Variable Annuities as Biggest Investor Threats
December 11, 2017
NEXT Financial to Pay $750,000 in Latest Disciplinary Action Concerning Habitual Deficiencies and Systematic VA Failures
November 07, 2017
Questar to Pay $800,000 for Overcharging Retirement Plan & Charitable Organization Customers
October 25, 2017
SLCG Study Finds Aegis Capital, Newbridge Securities Employ Most Brokers with History of Complaints
October 16, 2017
Wells Fargo Ordered to Pay Restitution of $3.4 Million for Unsuitable Volatility-Linked Exchange-Traded Products
September 25, 2017
Morgan Stanley Ordered to Pay Over $13 Million for Unit Investment Trust (UIT) Supervisory Failures
September 22, 2017
SII Investments Charged with REIT Supervisory Failures in Liquid Net Worth Overvaluations
September 18, 2017
"Massive Energy" Broker John Kai Barred After Undisclosed Private Securities Transactions, Outside Business & Discretion Investigation
September 15, 2017
Ex-JP Morgan Securities Rep Todd Jason Jones Sanctioned for Unauthorized Trading in Complex ETN
September 11, 2017
Nancy Johnson Sanctioned for Repeated False Statements to Morgan Stanley in Fraudulent Wire Transfer to Imposter
September 05, 2017
Jeffrey Alan Smith is the Latest Ex-Accelerated Capital Group Broker Cited for Pre-Signed, Altered Forms
August 09, 2017
Howard Hull Fined & Suspended for Firm's Supervisory Failures
June 21, 2017
FINRA Fines Scottsdale Capital Advisors $1.5 Million, Bars John Hurry, Suspends Timothy DiBlasi & D Michael Cruz in Illegal $1.7 Million Cayman Islands Microcap Sales Scheme
June 03, 2017
Ex-Red Ridge Securities CEO Brent Hurt Sanctioned for Failing to Supervise Broker in $1 Million Misappropriation Scheme
May 16, 2017
Curian Clearing Fined for Failing to Deliver Prospectus Materials to Customers
May 03, 2017
LPL Settles Over Non-Traded REIT Misconduct, Possible $8 Million Payout for Latest LPL Snafu
April 18, 2017
Stockcross Financial Services of Beverly Hills Fined for Supervisory Violations, Failing to Timely Publish OTC Bids
March 29, 2017
CUSO Financial Services to Pay $172.5k in Fines and Restitution for Mathew Hartshorn's Unsuitable UIT Sales
March 10, 2017
First Financial Equity CCO Melissa Strouse Punished for Suitability, ETF, Heightened Supervision Failures
February 24, 2017
Excessive REIT, BDC Sales Charges Caused by Conflict-of-Interest Fraud Nets Purshe Kaplan Sterling Investments $3.4 Million Restitution Order, $750,000 Fine
February 21, 2017
Red River Securities Expelled, CEO Brian Hardwick Barred, Ordered to Pay $24.6 Million in Restitution for Fraud
January 31, 2017
Citigroup to Pay $18 Million for Overbilling Clients, Misplacing Decades-Worth of Client Contracts
January 24, 2017
Citizens Securities Fined $300,000 for Failing to Disclose Customer Complaints
December 29, 2016
Former ACAP AML Compliance Officer Gary Hume Barred for Improper Unregistered Penny Stock Liquidation
December 13, 2016
FINRA Sanctions Davood Kohan for Improperly Settling Complaint Away from Firm
December 06, 2016
Credit Suisse Securities Fined $16.5 Million for Significant Supervisory Deficiencies in Detecting Suspicious Microcap Trades
December 02, 2016
MA Charges LPL Financial for Adviser Roger Zullo's Alleged Variable Annuity Fraud, Elder Abuse
December 01, 2016
Merrill Lynch to Pay $7 Million in Fines & Restitution for Inadequate Supervision of Leverage Use in Customer Accounts
November 28, 2016
VALIC Financial Advisors Fined $1.75 Million for Conflict of Interest, Supervisory Failures Related to Variable Annuities
November 22, 2016
Jason Vanclef, VFG Securities Sanctioned for Making False Claims in Book Promoting REITs and DPP Investments
November 19, 2016
Oppenheimer & Co Ordered to Pay $3.4 Million in Fines & in Restitution for Supervisory, Discovery & Reporting Failures and Violations
November 02, 2016
Eight Firms Fined $6.2 Million for Variable Annuity L-Share Supervisory Failures
November 01, 2016
Unsuitable and Risky Oil and Gas Sales and Plummeting Energy Investments Cost Elderly Clients Millions of Dollars in Losses
October 06, 2016
Cetera Financial Group's Investors Capital Corp to Pay $1.1 Million Over Unit Investment Trust, Steepener Note Sales
September 29, 2016
UBS to Pay $15 Million over Unsuitable Reverse Convertible Note Sales to Conservative and Retired Investors
September 14, 2016
FINRA Fines Ameriprise Financial $850k over Rep & Manager Weseloh's Conversion of $370,000 from Customers
September 07, 2016
Jerry McCutchen Barred in Connection with Over 20 Customer Complaints Alleging REIT & Alt Investment Unsuitability, Misrepresentations
September 06, 2016
Ameriprise Financial Failed to Supervise Michael Halla's Unsuitable Closed End Fund Short-Term Trading, Fined $100,000
August 30, 2016
Christopher Ariola Charged with Unsuitable Energy Recommendations to Elderly Clients, Undisclosed Trading
August 24, 2016
Ex-LPL Financial & Crown Capital Broker Eric Kuchel Barred After Failing to Cooperate with Mutual Fund Investigation
August 22, 2016
Morgan Stanley to Pay $4.7 Million for Failure to Supervise Broker's Unauthorized Trading, Settlement to Include Dimes-on-the-Dollar Payment to Burned Clients
July 18, 2016
Wedbush Drops Appeal of $1 Million Fine for "Egregious" and "Willful" Blue Sheet Failures
July 16, 2016
Complaint Against First Financial Equity Corp Alleges Supervisory Failures, Excessive Commissions
July 06, 2016
Ex-Merrill Lynch Broker John Arnold Sanctioned After His False Statements, Procedural Failures Allow Fraudster to Steal $127,200
June 30, 2016
WFG Advisors Fined, Censured $100k for Overcharging Customers in Alt Investment, REIT Sales
June 29, 2016
Anthony Diaz, a Repeat Offending Rogue Broker Under Federal Indictment for REIT Fraud, is Poster Child for Worrying Trend
June 08, 2016
Oppenheimer & Co Sanctioned $2.9 Million for Unsuitable Complex ETF Trades Amongst Elderly Customers
June 02, 2016
E*Trade Securities Censured, Fined $900k for Trade Review & Supervisory Failures, Failure to Ensure Protection of Confidential Info
May 27, 2016
FOG Equities Fined $60k, Brokers David Spack & Scott Epstein Fined and Suspended for AML, Due Diligence Failures in Penny Stock Transactions
May 20, 2016
Raymond James Fined $17 Million for Systematic Anti-Money Laundering Failures
April 26, 2016
Securities America Fined $250k, Broker Stuart Horowitz $100k, for Inadequate Due Diligence, Unsuitable Trading of Preferred Notes
April 20, 2016
Equinox Securities, Stephen Oliveira & Chris Palkowitsh Barred for Excessive Trading & Churning in Customer Accounts, IRAs
March 23, 2016
Wedbush Securities Fined $675,000 for Supervisory Violations in 'Chronic' ETF Delivery Failures, Short Sales
March 07, 2016
FINRA Fines RBC Capital $300k for Failing to Disclose Reps' Unsatisfied Liens and Judgments
March 04, 2016
Quest Capital Strategies Fined for Mutual Fund Supervisory Failures, Including Monitoring for Double-Charging Customers
March 02, 2016
7% of Financial Advisers Industry-Wide Cited for Misconduct, Including 20% of Oppenheimer's Advisers
February 21, 2016
Finance 500 Fined & Censured for Inadequate Supervision, Misleading Ads
February 19, 2016
George Johnson Barred, Christopher Wynne Suspended for Market Manipulation Scheme
February 17, 2016
SoCal Broker Angelo Talebi Fined & Suspended for Improper Trading in Customer's Account
February 08, 2016
Next Financial Group, Key Investment Services & Stephens, Inc. to Pay $1.2 Million in Fines and Restitution for Discount Failures
January 26, 2016
Robert Richards Fined and Suspended Over Penny Stock Price Manipulation
January 04, 2016
LPL Financial Ordered to Pay $750k for Improper REIT Sales to Elderly Client
December 22, 2015
Cantor Fitzgerald Sanctioned $7.3 Million for Billions of Unregistered Microcap Sales, Supervisory & AML Failures
December 20, 2015
Fidelity Brokerage Services Ordered to Pay $1 Million for Supervisory Failures Related to Lisa Lewis' Elder Theft
November 16, 2015
Scottrade Fined $2.6 Million for Failing to Keep E-mails and Records, Poor Supervision
October 16, 2015
Voya, Transamerica, Investacorp, JP Turner, National Planning & Cetera Fined for Excess REIT Sales Charges
October 14, 2015
FINRA Files Complaint Against John Joseph Arnold, Alleging His False Statements Allowed Imposter to Steal $127,200
September 24, 2015
FINRA Bars Willard Lee Golightly for Supervisory Failures over Excess Concentration in Illiquid Securities, REITs
August 18, 2015
Walter Chao Fined and Suspended for Selling Facebook IPO Shares Away from LPL Financial, Supervisory Failures
August 06, 2015
Wells Fargo Advisors Censured, Fined $500,000, $242k in Restitution Ordered for Unsuitable STRATS Sales
August 04, 2015
FINRA Fines Aegis Capital $950,000 for Unregistered Penny Stock Sales and AML Violations
July 15, 2015
FINRA Fines Ascendiant Capital Markets of Irvine, CA for Failure to Supervise, Inadequate Handling of Customer Complaint
July 09, 2015
Securities America, Advisor Barry Armstrong Charged Over Grossly Deceptive Alzheimer's Ad Targeted at Seniors
July 07, 2015
FINRA Board Candidate Brian Kovack Says He'll Represent Firms, Not Investors
July 01, 2015
Misappropriation Nets Broker Roderick Yzaguirre 10 Disclosures in 2 Months, Over $3.3 Million in Damages
June 29, 2015
Bruce R Geiger Fined & Suspended for Falsifying Annuity and Life Insurance Forms Causing $500k in Withdrawals
June 24, 2015
SEC to Fight Financial Elder Abuse and Fraud by Upping Broker and Advisor Oversight in Retirement Accounts
June 23, 2015
Morgan Stanley & Scottrade Fined $950,000 for Failing to Detect Third-Party Wire Transfers due to Inadequate Supervisory Systems
June 18, 2015
Wells Fargo Accused of Deficient Due Diligence on ETF-Based F-Squared Investment Losses
May 15, 2015
Morgan Stanley Fined $2 Million for Short Sale & Interest Reporting Violations
May 06, 2015
FINRA Sanctions LPL Financial $11.7 Million for Major Supervisory Failures in ETF, REIT and VA Products
March 31, 2015
H. Beck, LaSalle St. Securities, and J.P. Turner & Company Fined $700,000 for Inadequate Supervision
March 27, 2015
Oppenheimer & Co. to Pay $3.75 Million in Fines & Restitution for Failing to Supervise Thieving Broker Mark Hotton
March 04, 2015
FINRA Fines & Suspends Former Murphy & Durieu CCO Frede for Compliance Failures, Penny Stock Woes
February 17, 2015
Foothill Securities, CCO Stephen Shipp Fined $235k for Inadequate Policies, Systems and Procedures
February 15, 2015
BMA Securities Compliance Officer Dudley Muth Fined & Suspended for Inadequate AML Systems
February 12, 2015
Former Compliance Officer Suing Cabot Lodge for Firing After He Reported Firm Misconduct
January 29, 2015
Oppenheimer to Pay $20 Million, Admit Guilt for Penny Stock Violations, Pump-and-Dump Schemes
January 27, 2015
FINRA Fines, Suspends BMA Securities President Burt Martin Arnold for Compliance Failures
January 19, 2015
Kevin Luby Fined $25k, Suspended for Disclosure Failures Related to Elderly Customer's Trust and Estate
December 24, 2014
FINRA Charges Wedbush, Peter Julijs Auzers, Shiva Naby, and Samantha Arrieta McAfee in MSRB Supervisory Failure, Untimely Reporting of $13.5 Million-worth of Transactions
December 17, 2014
Wedbush Ordered to Pay $350,000+ After Losing FINRA Appeal
November 21, 2014
SEC Fines Wedbush $2.4 Million for Market Access Violations as FINRA Complaint Awaits
November 16, 2014
NASAA Names Top 9 Investor Threats for 2015
October 29, 2014
Merrill Lynch Fined $6 Million for Short Sale Violations and Supervisory Failures
October 02, 2014
SWS Charged with Inadequate Supervision of VA Transactions
September 30, 2014
WFG Investments Inc. Expecting Second Six-Figure Fine in Two Years After $200k Fraud Penalty
September 26, 2014
2014's 12 Worst Financial Advisors List Features Ponzi Schemes, Scams and Frauds
August 28, 2014
Citigroup Fined $1.85 Million, Ordered to Pay $638,000 Restitution for Non-Convertible Preferred Securities Violations
August 18, 2014
FINRA Charges Wedbush Securities with Insufficient Controls, Leading to Manipulative Trades
June 17, 2014
Securities and Exchange Commission Upholds FINRA'S Censure and $50,000 Fine of Member Firm CapWest Securities Over Tenant-in-Common Investments
June 11, 2014
Broker Patricia Miller Facing Fraud Charges After Clients' Life Savings Go Missing
June 06, 2014
Concentration Risk: The Implications of Putting All Your Eggs in One Basket
May 07, 2014
Morgan Stanley Fined $5 Million for Supervisory Failures Related to Initial Public Offering Sales
May 05, 2014
Popularity of Liquifying Home Equity, Cash-Out Refinancing Increases as Valuation Increases
May 01, 2014
NSM Securities, Bhasin, Bhagwani & Balchandani Disciplined for Supervisory, Suitability and Compliance Failures, Churning and Unauthorized Trading Activity
April 23, 2014
Infinex Fined for Unsuitable Recommendations of Non-Traditional Inverse, Leveraged ETFs
April 01, 2014
NY Firm Meyers Associates: A Standout Broker-Dealer Full of Black-Mark Reps with Disclosures
March 25, 2014
LPL Financial Fined $950,000 for Concentration Violations in Alternative Investments, Non-Traded REITs Sales
March 22, 2014
Irvine Firm Accelerated Capital Group Fined for Misleading and Exaggerated Website Information
March 18, 2014
Citigroup Global Markets Ordered to Pay $1.1 Million for Illegal Short Selling Prior to Public Offerings, Supervisory Failures
March 15, 2014
Integral Financial, Weiming "Frank" Ho Fined for Repeated Non-Compliant Communications in Complex Product Promotions
March 06, 2014
The Vertical Group Fined & Ordered to Revise WSPs in Wake of Trade, Records & Supervisory Violations
March 05, 2014
Former Merrill Lynch Broker Jane O'Brien Accused of 18-Year, $1.3 Million Ponzi Scheme
March 04, 2014
FINRA Fines Los Angeles Firm E.J. De La Rosa & Co., Orders Restitution for Compliance Failures Including Unfair Practices, WSP Inadequacies & Improper Reimbursements
February 25, 2014
Berthel Fisher & Co. Financial Services, Affiliate Fined $775,000 for Compliance Failures, Inappropriate Alternative Investment Sales
January 28, 2014
JP Morgan's Stephanie Ann Becker Barred for Improper Conversion of Customer Funds
January 23, 2014
SEC National Exam Program Issues Broker-Dealers Priorities List for 2014
January 09, 2014
FINRA Orders Stifel, Nicolaus & Company, Century Securities to Pay Over $1 Million in Fines, Restitution Over Unsuitable Non-Traditional ETF Sales, Supervisory Deficiencies
January 03, 2014
FINRA to Target Complex Investments Including REITs, ETFs and Mortgage Backed Securities in 2014 Exams
December 24, 2013
Gary J. Chackman Barred for Unsuitable Non-traded REIT Transactions
December 21, 2013
Deutsche Bank Securities Fined $6.5 Million for Serious Deficiencies in Lending Program
December 11, 2013
Oppenheimer Fined $675,000 + $246,000 in Restitution for Unfair Municipal Securities Prices; Head Trader David Sirianni Suspended & Fined $100,000
November 10, 2013
TD Ameritrade Clearing & SG Americas Securities Fined $1.8 Million for Reporting, Supervisory Violations
November 03, 2013
Mass. Fines Merrill Lynch $500K for Failing to Stop Broker Misconduct
October 15, 2013
SEC: Small Violations Can Lead to Strong Enforcement, Sanctions, and Fines
October 05, 2013
Over 5,000 Brokers from Barred Firms, Many Accused of Fraud, Still Selling Securities
September 20, 2013
Wade Harlow Bradley Fined & Suspended for Willful Disregard of Minimum Offering Condition, False Representations and Failure to Comply
August 30, 2013
SEC Upholds FINRA Decision Banning Former Firm Founder Carl Birkelbach for Failure to Supervise
August 07, 2013
Sunset Financial Fined $200,000, plus $84,253 in Partial Restitution Ordered for Supervisory Failures
August 02, 2013
FINRA Arbitration Panel Orders Citigroup to Pay $10.75 Million for Overconcentration Negligence and Failure to Supervise
July 31, 2013
New Jersey Fines Morgan Stanley $100,000 for Improper ETF Sales to Investors
July 22, 2013
John Thornes Barred for Stealing $4.2 Million from Elderly Alzheimer's, Scholarship Accounts
July 19, 2013
Newedge USA, LLC Fined $9.5 Million for Supervisory and Bookkeeping Faults
July 11, 2013
Atlas, Firstrade and WTF Fined $900,000 for Anti-Money Laundering Program Failures
May 26, 2013
Oran Ben Carroll Suspended and Fined for Inadequate Due Diligence, Failure to Supervise
April 14, 2013
Once Granted, Permission to Trade with Discretion Can Be Problematic
March 24, 2013
LPL Financial Firm Under Fire and On Radar with Several Securities Regulators
February 01, 2013
Henry John Dellaquila Fined $55,000 and Suspended for Unauthorized Variable Annuity Transactions
December 15, 2012
Massachusetts Securities Regulators Sue LPL Financial over Nontraded REIT Sales
December 06, 2012
Wedbush Securities Fined $375,000; Richard Anthony Lanni and Ronald Edward Vogel Fined and Suspended for Poor Supervisory Systems Related to Variable Annuities
October 20, 2012
Fidelity Brokerage Fined $375,000 for Misleading Advertising, Supervisory Failures Related to Mutual Fund Sales
October 12, 2012
United Planners & CCO Douglas Hall Fined for Lack of Supervision with respect to Variable Annuities
August 13, 2012
FINRA Fines & Suspends Broker Michael Laurence Digaetano for Failure to Supervise
August 11, 2012
Christipher Lynn Belonge Fined Over $50,000 & Suspended for Inadequate Supervision Resulting in Significant Investment Losses
June 24, 2012
UVEST Financial Fined, Forced to Pay Remediation After Overcharging Customer
