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Massachusetts Charges Accountant for Allegedly Selling Unregistered Investments

The Massachusetts Securities Division has charged Ronald J. Leger for allegedly selling more than $2.5 million in unregistered securities to Massachusetts investors. Leger, a licensed...

Massachusetts Regulators Charge Royal Alliance and Rep Over Unsuitable Annuity Exchange

The Massachusetts Securities Division has charged broker-dealer Royal Alliance Associates Inc. with failing to supervise one of its brokers who allegedly made unsuitable investment...

Massachusetts Regulator Fines Former Stifel Nicolaus Adviser for Overcharging Clients

The Massachusetts Securities Division has charged a Cape Cod investment adviser with operating a scheme which overcharged his clients and diverted commissions and fees...

New Jersey to Propose “Uniform Fiduciary Standard” for Investment Professionals

The New Jersey Bureau of Securities plans to initiate rules to impose a fiduciary duty on all New Jersey investment professionals, requiring them to...

Massachusetts Regulator Sweeps 63 Broker-Dealers Selling GPB Private Placements

The Massachusetts Securities Division has launched an investigation into independent broker dealers’ sales practices in connection with private placements sponsored by alternative investment firm...

Massachusetts Orders NPH Broker-Dealer to Refund Investors for Non-Traded REIT Sales

The Massachusetts Securities Division has ordered SII Investments Inc., an independent broker-dealer within the National Planning Holdings network, to pay restitution to certain Massachusetts...

Galvin Launches Investigation of Private Placement Sales by “Bad Actors”

Secretary of the Commonwealth William Galvin, the securities regulator in Massachusetts, has launched an investigation into sales practices in connection with private placements. The regulators...

Galvin Condemns Fifth Circuit Fiduciary Rule Decision, Urges Appeal

Secretary of the Commonwealth William Galvin, the securities regulator in Massachusetts, has condemned a ruling by the Fifth Circuit U.S. Court of Appeals striking...

Massachusetts Charges Private Equity Investment Fund with Ponzi Scheme

The Massachusetts Securities Division has charged two men and their company with violating state securities laws and regulations in Massachusetts. Thomas David Renison, Timothy...

Galvin Charges Scottrade with Fiduciary Rule Violations

Secretary of the Commonwealth William Galvin has charged broker-dealer Scottrade Inc. with dishonest and unethical activity and failure to supervise. Galvin's office alleges that...