Failure to Supervise

Posts In Failure to Supervise

Transamerica Financial Advisors to Pay $8.8 Million Over Unsuitable Recommendations Charges Jan 15
Transamerica Financial Advisors and FINRA reached agreement for Transamerica to pay $8.8 million in ...
View Article
LPL Financial Fined $6.5 Million for Supervisory Deficiencies in Wake of $1+ Million Ponzi Scheme Jan 07
FINRA fined LPL Financial $6.5 million for failures in its supervisory system related to record ...
View Article
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 Jan 01
FINRA issued a $1.5 million penalty to Worden Capital Management, including $1.2 million in ...
View Article
California's Infinity Financial Services Fined $35k Over Inadequate Background Checks of Brokers, Failing to Obtain Industry Approvals Dec 11
FINRA fined Infinity Financial Services of Oakland, California $35,000 for failing to conduct ...
View Article
FINRA Cracks Down on Unit Investment Trust (UIT) Short-Term Trading Abuse at Stifel, Nicolaus & Company Nov 27
FINRA continued its campaign against unsuitable short-term sales of unit investment trusts (UITs) by ...
View Article
FINRA Finds Variable Annuities, Life Insurance Liquidation Strategy Unsuitable, Cites ON Equity Sales Broker Nov 25
Citing the case of an O.N. Equity Sales Company broker who unsuitably recommended that at least 78 ...
View Article