Tag: regulatory
Massachusetts Securities Division Charges GPB for Allegedly Defrauding Investors
The Massachusetts Securities Division has charged GPB Capital Holdings with allegedly violating state securities laws, after an investigation found that the company purportedly issued...
FINRA Amends Rules to Incentivize Payment of Arbitration Awards
The Financial Industry Regulatory Authority has amended its Membership Application Program (MAP) rules to incentivize the timely payment of arbitration awards by preventing a...
Hearing Panel Rejects FINRA Allegations Against Shopoff Securities and Officers
In a decision delivered yesterday, a three-person Financial Industry Regulatory Authority hearing panel dismissed fraud charges leveled by the agency’s Department of Enforcement against...
SEC Charges Three Texans for Offering and Selling Fraudulent Oil and...
The Securities and Exchange Commission has charged three Texas residents who allegedly used deceptive offering materials and promotional videos to sell $2.7 million in...
FINRA Fines Merrill Lynch for Allowing Unregistered Executive to Act as...
The Financial Industry Regulatory Authority has censured and fined Merrill Lynch $150,000 for purportedly allowing an executive with its non-FINRA member affiliate to function...
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 Warns of Fake Phishing Emails Purporting to be from FINRA...
The Financial Industry Regulatory Authority has warned member firms of a widespread, ongoing phishing campaign that involves fraudulent emails purporting to be from FINRA...
SEC Clarifies When Using “Advisor/Adviser” Violates Regulation Best Interest
The Securities and Exchange Commission provided clarification on its updated Regulation Best Interest frequently asked questions on the use of the terms “adviser/advisor” in...
SEC Provides Temporary Relief to Small Businesses Via Expedited Crowdfunding Offerings
The Securities and Exchange Commission has provided temporary, conditional relief for established smaller companies affected by COVID-19 that may look to meet their funding...
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...
