Tag: regulatory
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...
