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SEC Seeks Emergency Relief to Halt New York Developer’s Real Estate...

The Securities and Exchange Commission has filed an emergency action charging Robert C. Morgan, a New York residential and commercial real estate developer, and...

FINRA Fines Woodbury $225,000 Over Variable Annuity Supervision Issues

The Financial Industry Regulatory Authority has fined Woodbury Financial Services, an independent broker-dealer in the Advisor Group network, for not having a system in...

FINRA Bars Former Cambridge Broker for Misusing Client Funds

The Financial Industry Regulatory Authority has barred Anselmo Contreras Jr, a former Cambridge Investment Research broker accused of converting client funds that were intended...

FINRA Seeks Comment on New Broker Misconduct Rule

The Financial Industry Regulatory Authority is requesting comment on a new proposed rule that would target and impose financial obligations on brokerage firms with...

FINRA Warns Broker-Dealer Imposter Website Attacks are on the Rise

The Financial Industry Regulatory Authority released a notice on Monday revealing that several broker-dealers have been victims of imposter websites, which are designed to...

Voya Escapes FINRA Fine for Self-Reporting Mutual Fund Share Overcharges

Voya Financial Partners dodged a possibly hefty fine after self-reporting to FINRA that it had sold higher sales load mutual fund shares to 143...

FINRA Suspends Former High-Profile LPL Broker for Borrowing Money from Client

The Financial Industry Regulatory Authority has suspended and fined James Bashaw, a former LPL Financial broker, for borrowing approximately $200,000 from an LPL customer...

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...

SEC and FINRA Schedule National Compliance Outreach Program for Broker-Dealers

The Securities and Exchange Commission and the Financial Industry Regulatory Authority have opened registration for their 2019 National Compliance Outreach Program for broker-dealers, which...

Texas Fines LPL Financial $450,000 for Selling Unregistered Securities

LPL Financial LLC, the nation’s largest independent broker-dealer, was fined $450,000 by the State of Texas and ordered to repurchase certain securities it sold...