Tag: fine
Equitable Financial to Pay $50 Million to Settle SEC’s Fraud Charges
The Securities and Exchange Commission has charged Equitable Financial Life Insurance Company with fraud after the company allegedly provided account statements to roughly 1.4...
Schwab Subsidiaries to Pay $187 Million for Misleading Robo-Adviser Clients
The Securities and Exchange Commission has charged three Charles Schwab investment adviser subsidiaries for making "false and misleading statements" about the cash component of...
SEC Fines Two Kestra RIAs for Undisclosed Revenue Sharing Conflicts
The Securities and Exchange Commission has settled charges against Kestra Advisory Services LLC and Kestra Private Wealth Services LLC, two registered investment advisor subsidiaries...
FINRA Suspends and Fines Former Broker for Borrowing Money from Client
The Financial Industry Regulatory Authority has fined and suspended former broker Kim Millman for borrowing $6,000 from a client and failing to disclose six...
FINRA Fines Cadaret Grant $200,000 Over Rep’s Alleged Ponzi Scheme
Financial Industry Regulatory Authority has issued a $200,000 fine against Cadaret, Grant & Co. Inc., alleging that the broker-dealer failed to supervise one of...
