Tag: registered rep
The DI Wire’s Top 10 Stories of 2022
As the year comes to an end, The DI Wire has compiled a list of our Top 10 most-read news stories of 2022. Over...
Cove Capital Names Vice President and Head of Wholesale Distribution
Cove Capital Investments, LLC, a sponsor of securitized 1031 exchanges and other private real estate investment offerings, has appointed Corey Nolen as vice president...
SEC Obtains Judgment Against Former Transamerica Broker Accused of Defrauding Investors
The U.S. District Court for the Southern District of Ohio has entered a final judgment against Scott Allen Fries, a former registered representative and...
FINRA Fines Securities America for Violating Customer Privacy
The Financial Industry Regulatory Authority has fined Securities America $125,000 for purportedly helping 12 recruited brokers take nonpublic personal customer information from their former...
FINRA Suspends Two Former Transamerica Reps for Designating Themselves as VA...
The Financial Industry Regulatory Authority has fined and suspended former Transamerica registered representatives, Wenru Liang and Jenny Xinfang Feng, who were both accused of...
Hilltop Securities Independent Network Changes Name
Hilltop Securities Independent Network Inc., an independent broker-dealer and registered investment adviser, has changed its name to Momentum Independent Network Inc.
The firm serves approximately...
FINRA Bars Broker Accused of Referring Investors to Half-Brother’s Ponzi Schemes
The Financial Industry Regulatory Authority has barred former MML Investors Services broker, Gary Wayne Hammond, for allegedly participating in numerous private securities transactions and...
Kestra Financial Names Former eMoney Exec as President
Kestra Financial Inc., a wealth management platform for independent financial professionals, has hired Stephen Langlois as president to oversee the Kestra-branded broker-dealer and registered...
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...
FINRA Suspends and Fines Former LPL Broker for Improper REIT Sales
The Financial Industry Regulatory Authority has suspended former LPL broker, Donald S. Woods, for six months and issued a $10,000 fine for improper sales...
FINRA Fines Kestra for Violating Customer Privacy
The Financial Industry Regulatory Authority has censured and fined Kestra Investment Services $125,000 for purportedly helping certain recruited brokers take nonpublic personal customer information...
FINRA Sanctions Broker for Using WhatsApp to Text Overseas Clients
The Financial Industry Regulatory Authority has fined Aegis Capital Corp. broker Paul Falcon $5,000 for using Facebook’s WhatsApp Messenger to communicate with three of...
SEC Obtains Judgment Against Former Adviser Charged with Defrauding Retirees
A federal district court in Massachusetts entered a final judgment against Richard Cody, a former investment adviser and broker representative who defrauded Massachusetts retirees.
According...
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...
SEC Charges Adviser for Defrauding Two Retail Investors in Oversees Investment...
The Securities and Exchange Commission has charged Richard G. Duncan, a longtime investment adviser and broker who first became registered in 1971, with defrauding...
FINRA Bars Former Pruco Broker for Forging VA Applications to Meet...
The Financial Industry Regulatory Authority has barred Karen Paek, a former Pruco Securities broker, for creating and submitting multiple fictitious variable annuity applications to...
SEC Charges Commonwealth with Failing to Disclose Conflicts on Revenue Sharing
The Securities and Exchange Commission has charged Commonwealth Financial Network, a registered investment adviser and broker-dealer that manages approximately $85 billion in client assets,...
FINRA Bars Raymond James Compliance Associate for Doctoring Branch Audit Forms
The Financial Industry Regulatory Authority has barred a former Raymond James & Associates Inc. compliance associate for allegedly falsifying firm branch audit data to...
FINRA Bars Former Cetera Advisors Rep
Financial Industry Regulatory Authority has barred former Cetera Advisors representative George C. Merhoff Jr. for failing to provide documents and information to the regulators...
FINRA Bars Former LPL Rep
Financial Industry Regulatory Authority has barred former LPL Financial representative Jason Nelson for refusing to provide testimony to regulators in connection with his termination...
