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Massachusetts Moves Forward with State Fiduciary Standard

Massachusetts Secretary of the Commonwealth William Galvin, the state’s chief securities regulator, has signed off on new regulations that would impose a uniform fiduciary...

SEC Charges Unregistered Broker Who Sold Woodbridge Securities to Retail Investors

The Securities and Exchange Commission has charged Brett Pittsenbargar, a Texas-based external sales agent for Woodbridge Group of Companies LLC, and his wholly-owned alter...

FINRA Bars Former Pruco Securities Rep for Refusing to Participate in...

The Financial Industry Regulatory Authority has barred Joseph Viet Duy Phan, a former Pruco Securities representative, for refusing to provide on-the-record testimony in connection...

FINRA Proposes Rule to Limit Registered Reps from Being Named as...

The Financial Industry Regulatory Authority is seeking comment on a proposed rule (Rule 3241) that would limit any registered representative from being named as...

FINRA Suspends Two Former IMS Brokers for Helping Barred Husband Sell...

The Financial Industry Regulatory Authority has suspended and fined two former IMS Securities brokers, Kim Kopacka and Beth DeBouvre, for helping Kopacka’s previously barred...

Industry Analysts Report Non-Traded REIT and DST Sales Accelerating Rapidly

Optimism among the more than 1,000 attendees at the recently concluded Alternative & Direct Investment Securities Association Annual Conference in Las Vegas was pervasive,...

FINRA Begins Disciplinary Proceedings Against Broker Accused of Stealing Client Funds

The Financial Industry Regulatory Authority has started disciplinary proceedings against Erik Patrick Pica, who is currently registered through Joseph Stone Capital, for allegedly stealing...

FINRA Fines and Suspends Former Merrill Lynch Broker for Cheating on...

The Financial Industry Regulatory Authority has fined and suspended Merrill Lynch, Pierce, Fenner & Smith broker, Bruce K. Lee, for allegedly cheating on his...

Former SEC Examiner/GPB Executive Indicted for Obstruction of Justice

Michael Cohn, a former Securities and Exchange Commission examiner who was recently hired as managing director and chief compliance officer at GPB Capital Holdings,...

FINRA Bars Former LPL Broker for Refusing to Participate in Investigation

The Financial Industry Regulatory Authority has barred a former LPL Financial broker for refusing to provide documents and on-the-record testimony to the regulators following...