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Restitution

May 27, 2021 Calton & Associates Sanctioned Over Volatile Exchange-Traded Product (ETP) Supervision Failures
March 24, 2022 Geneos Wealth Management to Pay $400,000 for Improper Alt Investment Sales
July 16, 2021 Merrill Lynch to Pay $11.7 Million Over Unit Investment Trust (UIT) Supervisory Failures
March 26, 2021 While Stating "We Routinely Have Legal Issues," Calton & Associates Adds $500,000 to ETF Legal Budget, Seeking to Pay Customers Restitution for Complex ETF Sales
January 31, 2021 Broker San Nicolas Barred Over Recommendation to Purchase Las Vegas Raiders Seats
February 05, 2020 SoCal Ameriprise Broker Li Lin Hsu Sentenced for $8.2 Million Fraud
February 03, 2020 Royal Alliance Fined $400,000 Over $3.8 Million Theft from Customers
January 06, 2020 FINRA Penalizes Oppenheimer & Co $3.8 Million After UIT Supervisory Failures
May 08, 2018 Troubled LPL Financial to Pay $26 Million for Selling Unregistered, Non-Exempt Securities
March 14, 2018 Omer Ozeren Sanctioned for Unauthorized Use of Discretion and Faulty ETF Recommendations
December 13, 2017 Investors Capital Corporation Censured After 8 Years of Overcharging Customers for Mutual Fund Transactions
November 07, 2017 Questar to Pay $800,000 for Overcharging Retirement Plan & Charitable Organization Customers
September 25, 2017 Morgan Stanley Ordered to Pay Over $13 Million for Unit Investment Trust (UIT) Supervisory Failures
September 20, 2017 Mehran 'Ron' Tazhibi Sanctioned for Unsuitable Speculative Bond Recommendation to Retired Clients
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
November 02, 2016 Eight Firms Fined $6.2 Million for Variable Annuity L-Share Supervisory Failures
October 27, 2016 Stuart Dickinson Barred, Restitution Ordered for Recommending Customers Purchase the ATM Alliance Ponzi Scheme
June 08, 2016 Oppenheimer & Co Sanctioned $2.9 Million for Unsuitable Complex ETF Trades Amongst Elderly Customers
May 04, 2016 David Miller Barred, Ordered to Pay $800k in Restitution for Unsuitable UIT Recommendations
March 29, 2016 Coburn & Meredith Fined $75k, Ordered to Pay $203k in Restitution for Failing to Apply UIT Sales Charge Discounts
February 08, 2016 Next Financial Group, Key Investment Services & Stephens, Inc. to Pay $1.2 Million in Fines and Restitution for Discount Failures
December 29, 2015 Barclays Capital Ordered to Pay $13.75 Million for Mutual Fund Suitability Violations
December 20, 2015 Fidelity Brokerage Services Ordered to Pay $1 Million for Supervisory Failures Related to Lisa Lewis' Elder Theft
October 29, 2015 FINRA Orders 5 Firms to Pay $18 Million in Restitution for Overcharged Mutual Funds
August 31, 2015 CFP Board Suspends Broker Michael T. Ryan of Santa Ana for Unauthorized Outside Business Activities
May 06, 2015 FINRA Sanctions LPL Financial $11.7 Million for Major Supervisory Failures in ETF, REIT and VA Products
May 05, 2015 James Yiu Lee Sentenced to 6.5 Years in Prison, Ordered to Repay $10.5 Million in Fraudulent Scheme
May 01, 2015 Larry M. Phillips Fined, Suspended, Restitution Ordered for Overcharging Customers
April 23, 2015 FINRA Fines RBC $1 Million, Orders $434,000 in Restitution for Reverse Convertible Failures
September 04, 2014 Former LPL Broker Blake Richards Ordered to Pay $2 Million for Defrauding Clients
May 19, 2014 SEC Bars Convicted Fraudster Gurudeo Persaud for Investment Strategy Based on Astrology
January 16, 2014 Edward D. Jones Fined $200K + $52,000 in Restitution for Improper ETF Sales
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
December 09, 2013 JP Turner Ordered to Pay Over $700,000 in Restitution for Unsuitable Complex ETF Sales, Excessive Switching