Tag: Massachusetts Securities Division
Massachusetts Charges Purshe Kaplan with Failing to Supervise Dually-Registered Agents
The Massachusetts Securities Division has charged broker-dealer Purshe Kaplan Sterling Investments with failing to supervise dually-registered agents who purportedly sold unsuitable investments to Massachusetts...
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 Securities Division Launches Sweep of Marijuana-Related Offerings
The Massachusetts Securities Division plans will begin a sweep of the growing number of Massachusetts-based business entities that are raising money from marijuana-related investments.
The...
Massachusetts Regulators Charge Company in $10 Million Ponzi Scheme That Targeted...
The Massachusetts Securities Division has charged a Rhode Island man with operating a Ponzi scheme which defrauded more than 40 investors out of more...
Massachusetts Regulators Halt Million Dollar Real Estate Investment Scheme
The Massachusetts Securities Division has charged an Illinois man for selling unregistered securities to Massachusetts investors totaling nearly $1 million for various real estate...
Massachusetts Charges Adviser Over Failed Medical Marijuana Scheme
The Massachusetts Securities Division has charged Frederick V. McDonald Jr., a Massachusetts investment adviser representative, for his alleged role in a failed medical marijuana...
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 Charges Former Commonwealth Adviser with Allegedly Stealing from Retiree
The Massachusetts Securities Division has charged a former investment adviser who allegedly withdrew nearly $100,000 from a client’s accounts over a 13-year period.
Bruce Colin...
Massachusetts Fines United Planners and its Former Broker Over Alleged $1...
The Massachusetts Securities Division has fined United Planners Financial Services and one of its former brokers, Thomas T. Riquier, who allegedly orchestrated a complex...
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...
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 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...
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...
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...
