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ADISA Submits Letter to Congress Over IRS Treatment of REIT Distributions

The Alternative & Direct Investment Securities Association (ADISA), a trade group for the retail alternative investment space, has submitted a letter to several members...

Cetera Names New Chief Executive Officer

Cetera Financial Group, a network of independent financial advisor firms, has appointed Adam Antoniades as chief executive officer and member of the board of...

SEC Releases Frequently Asked Questions on Form CRS

The Securities and Exchange Commission has posted responses to frequently asked questions about Form CRS on its website and expects to update additional questions...

SEC Revokes Registration of RIA Engaged in $60 Million Fraud

The Securities and Exchange Commission has revoked the registration of New York-based investment adviser International Investment Group LLC (IIG), which it recently charged with...

SEC Charges Unregistered Broker Who Sold Woodbridge Securities to Retail Investors

The Securities and Exchange Commission has charged Brett Pittsenbargar, a Texas-based external sales agent for Woodbridge Group of Companies LLC, and his wholly-owned alter...

FINRA Bars Former Pruco Securities Rep for Refusing to Participate in...

The Financial Industry Regulatory Authority has barred Joseph Viet Duy Phan, a former Pruco Securities representative, for refusing to provide on-the-record testimony in connection...

FINRA Proposes Rule to Limit Registered Reps from Being Named as...

The Financial Industry Regulatory Authority is seeking comment on a proposed rule (Rule 3241) that would limit any registered representative from being named as...

SEC Proposes to Modernize General Solicitation Rules

The Securities and Exchange Commission has voted to propose amendments to modernize the rules under the Investment Advisers Act addressing investment adviser advertisements and...

FINRA Begins Disciplinary Proceedings Against Broker Accused of Stealing Client Funds

The Financial Industry Regulatory Authority has started disciplinary proceedings against Erik Patrick Pica, who is currently registered through Joseph Stone Capital, for allegedly stealing...

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...