Tag: Merrill Lynch
Merrill Lynch to Pay $15 Million in Restitution to Settle FINRA...
The Financial Industry Regulatory Authority has censured and ordered Merrill Lynch to pay approximately $15.2 million ($13.4 million, plus interest) in restitution to customers...
FINRA Fines Merrill Lynch for Allowing Unregistered Executive to Act as...
The Financial Industry Regulatory Authority has censured and fined Merrill Lynch $150,000 for purportedly allowing an executive with its non-FINRA member affiliate to function...
FINRA Fines Former Merrill Lynch Broker for Covering Clients’ Losses
The Financial Industry Regulatory Authority has fined and suspended former Merrill Lynch broker, Sofia Gonzalez, for reimbursing two clients a total of $1,234 for...
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...
Hilltop Adds Five Financial Advisors Managing $382 Million
Hilltop Securities Inc. and Hilltop Securities Independent Network Inc (HTIN) have added five new financial advisors managing approximately $382 million in client assets to...
SEC Bars Former Questar Rep Serving Time for 15-Year Ponzi Scheme
The Securities and Exchange Commission has barred a former Questar Capital registered representative currently serving 11 years in prison for his role in perpetrating...
FINRA Bars Former Merrill Lynch Broker Allegedly Faking Childcare Reimbursement Requests
The Financial Industry Regulatory Authority has barred former Merrill Lynch broker Elizabeth Marie Garcia for allegedly filing fake childcare expense reimbursement requests.
From January 2016...
FINRA Bars Former Fidelity Rep for Alleged Computer Purchase Reimbursement Scam
The Financial Industry Regulatory Authority has barred Kitwana Thomas, a former Fidelity Brokerage Services broker, for allegedly cheating the firm out of thousands of...
GPB Capital Hires Former SEC Examiner as Managing Director and Chief...
GPB Capital Holdings LLC, a New York-based alternative asset management firm, has hired Michael Cohn as managing director and chief compliance officer. Cohn was...
InvenTrust Closes $750 Million Unsecured Credit Facility
InvenTrust Properties Corporation, a publicly registered non-traded real estate investment trust, has closed on a $750 million amended and restated unsecured credit facility, increasing...
JLL Income Property Trust Expands and Extends Credit Facility
JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), has closed on the expansion and extension of a...
Two Griffin Non-Traded REITs to Merge
Griffin Capital Essential Asset REIT Inc. and Griffin Capital Essential Asset REIT II Inc., two non-traded real estate investment trusts, have entered into a...
Prospera Financial Adds $150 Million Team from UBS
Prospera Financial Services Inc., a full-service independent broker-dealer, has added LiveOak Wealth Advisors to its platform.
Based in Lafayette, Louisiana, the LiveOak team spent nine...
Griffin-American Healthcare REIT IV Secures Credit Facility of Up to $650...
Griffin-American Healthcare REIT IV Inc., a publicly registered non-traded real estate investment trust sponsored American Healthcare Investors LLC and Griffin Capital Corporation, has entered...
Merrill Lynch Reverses Ban on Commission-Based Retirement Accounts
Merrill Lynch, the wealth management arm of Bank of America, is reversing its ban on commission-based products in customer retirement accounts following the death...
SEC: Merrill Lynch to Pay $8.9 Million for Undisclosed Conflict in...
Merrill Lynch, Pierce, Fenner & Smith has agreed to pay an approximately $8.9 million settlement to the Securities and Exchange Commission for failing to...
FINRA Suspends Former Morgan Stanley Broker for Forging Client’s Loan Docs
The Financial Industry Regulatory Authority has suspended a former Morgan Stanley broker for allegedly submitting forged and falsified documents to Morgan Stanley Private Bank...
Griffin Capital Essential Asset REIT II Increases Credit Facility by $200...
Griffin Capital Essential Asset REIT II Inc., a publicly registered non-traded real estate investment trust, has increased its credit facility from $550 million to...
Ousted Merrill Lynch Managing Director Launches RIA in Chicago
Former top Merrill Lynch financial advisor Bruce K. Lee has partnered with Dynasty Financial Partners to form an independent wealth management firm called Keebeck...
LPL Financial Nabs Mike Duffy and Happiness Wealth Management
LPL Financial LLC, the nation’s largest independent broker-dealer, announced that Mike Duffy and Happiness Wealth Management have joined its broker-dealer and hybrid registered investment...
