Tag: Galvin
Massachusetts Fines Wells Fargo $450,000 over Unregistered Agents and Supervisors
The Massachusetts Securities Division has fined Wells Fargo $450,000 for failing to ensure that its agents and supervisors were appropriately registered in Massachusetts.
Wells Fargo...
Massachusetts Securities Division Fines LPL $1.1 Million over Unregistered Agents and...
The Massachusetts Securities Division has fined LPL Financial $1.1 million for failing to properly register agents in Massachusetts and timely file certain reportable events....
Massachusetts Charges Two Advisers for Making Unsuitable Energy Investments
The Massachusetts Securities Division has charged two investment adviser representatives and their firm for allegedly overconcentrating more than 250 client accounts in what it...
Massachusetts Regulator Orders North Carolina Broker-Dealer to Pay $400,000 for Agent’s...
Massachusetts Secretary of the Commonwealth William Galvin has ordered North Carolina-based broker-dealer Capital Investment Group Inc. to pay full financial restitution to a Massachusetts...
Massachusetts Charges Adviser with Lying to Clients about Disciplinary History
Massachusetts securities regulators have charged Alan P. Siegel, a broker and investment adviser whose customers are primarily retirees or approaching retirement, for making false...
Massachusetts Regulator Fines Infinex for Improper VA and REIT Sales
The Massachusetts Securities Division, led by Secretary of the Commonwealth William Galvin, has fined broker-dealer Infinex Investments Inc. for failing to supervise agents who...
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...
LPL Fined $26 Million Over Sales of Unregistered Securities
LPL Financial LLC., the nation’s largest independent broker-dealer, will pay a settlement totaling $26 million over the sale of unregistered securities, stemming from an...
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...
Massachusetts Regulators Open Investigation into Wells Fargo Advisors
Secretary of the Commonwealth William Galvin has opened an investigation into Wells Fargo Advisors over inappropriate referrals of brokerage customers to managed and advisory...
DOL Fiduciary Rule Opponents Urge Appeals Court to “Vacate” the Rule
In response to the recent charges levied against broker-dealer Scottrade Inc. by the Massachusetts Securities Division for alleged fiduciary rule violations, opponents of the...
