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FINRA Fines and Suspends Former SagePoint Broker

The Financial Industry Regulatory Authority has fined and suspended Michael Ferrera Jr., a former SagePoint broker accused of failing to disclose an outside business...

FINRA Fines LPL Financial $300,000 for Customer Reserve Violations

The Financial Industry Regulatory Authority has censured and fined LPL Financial, the nation's largest independent broker-dealer, for allegedly failing to accurately calculate its customer...

FINRA Suspends and Fines Former Schwab Broker for Failing to Disclose...

The Financial Industry Regulatory Authority has sanctioned a former Charles Schwab broker for failing to disclose multiple felony charges as required by the regulator.According...

Jaime Lizárraga Sworn in as SEC Commissioner

The Securities and Exchange Commission reported that Jaime Lizárraga has been sworn into office as a commissioner by Chair Gary Gensler. His term expires...

FINRA Bars Two Individuals for Cheating on Online Qualification Exams

The Financial Industry Regulatory Authority has barred two individuals from the securities industry, Brandon Autiero of New Jersey and Harris Kausar of New York,...

Mark Uyeda Sworn in as SEC Commissioner

Mark Uyeda was sworn in as an SEC commissioner on Thursday after being nominated by President Biden earlier this year and confirmed by the...

FINRA Bars Ex-Cetera Broker for Stealing Funds to Buy Mutual Fund...

The Financial Industry Regulatory Authority has barred former Cetera Advisors broker, Marianne O'Shee Smith, who was accused of converting $45,100 from three senior customers...

SEC Charges Siblings in $124 Million Crypto Fraud Operation

The Securities and Exchange Commission has charged siblings John and JonAtina (Tina) Barksdale with defrauding thousands of retail investors out of more than $124...

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...

FINRA Report Highlights Compliance Deficiencies of Regulation Best Interest and Form...

The Financial Industry Regulatory Authority has published its 2022 Examination and Risk Monitoring Program report, outlining the initial findings of its review of the...

FINRA Bars Former Transamerica Broker

The Financial Industry Regulatory Authority has barred former Transamerica broker, Mark Smith, for refusing to appear for on-the-record testimony as requested by the regulator.Smith...

FINRA Orders Multiple Firms to Pay $11.1 Million in Restitution for...

The Financial Industry Regulatory Authority has censured and ordered multiple broker-dealers to pay a total of $11.1 million in restitution to clients for their...

SEC Reports Record-Breaking Year for Whistleblowers, Increase in New Enforcement Actions

The Securities and Exchange Commission filed 434 new enforcement actions in fiscal year 2021, which ended on September 30th, a 7 percent increase over...

Crown Capital Securities to Pay $1.6 Million to Settle SEC Charges

The Securities and Exchange Commission has ordered Crown Capital Securities LP, a dually registered investment adviser and broker-dealer, to pay nearly $1.6 million in...

Centaurus to Pay $1.3 Million to Settle SEC Charges

The Securities and Exchange Commission has ordered Centaurus Financial Inc., a dually registered investment adviser and broker-dealer, to pay nearly $1.3 million to settle...

SEC Adopts Modernized Marketing Rule for RIAs

The Securities and Exchange Commission has finalized reforms under the Investment Advisers Act to modernize rules that govern investment adviser advertisements and payments to...

SEC Bars Former Broker for Concealing Assets in Bankruptcy Case

The Securities and Exchange Commission has barred former broker Stephen Douglas Pizzuti after he pled guilty to concealing assets in a bankruptcy case.At the...

SEC Bars Former LPL Advisor Over Fake African Charity

The Securities and Exchange Commission has barred former LPL Financial broker Dain Stokes, who was terminated by the broker-dealer last August after the New...

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...

New Hampshire Freezes Assets of Former LPL Advisor Over Fake African...

The New Hampshire Bureau of Securities Regulation has recently obtained a preliminary injunction and asset freeze against former LPL Financial adviser Dain F. Stokes,...