Tag: William Galvin
Massachusetts Charges Accountant for Allegedly Selling Unregistered Investments
The Massachusetts Securities Division has charged Ronald J. Leger for allegedly selling more than $2.5 million in unregistered securities to Massachusetts investors.
Leger, a licensed...
Massachusetts Fines Wells Fargo $450,000 over Unregistered Agents and Supervisors
The Massachusetts Securities Division has fined Wells Fargo $450,000 for failing to ensure that its agents and supervisors were appropriately registered in Massachusetts.
Wells Fargo...
Massachusetts Securities Division Fines LPL $1.1 Million over Unregistered Agents and...
The Massachusetts Securities Division has fined LPL Financial $1.1 million for failing to properly register agents in Massachusetts and timely file certain reportable events....
Massachusetts Securities Division Launches Sweep of Marijuana-Related Offerings
The Massachusetts Securities Division plans will begin a sweep of the growing number of Massachusetts-based business entities that are raising money from marijuana-related investments.
The...
Massachusetts Regulators Charge Company in $10 Million Ponzi Scheme That Targeted...
The Massachusetts Securities Division has charged a Rhode Island man with operating a Ponzi scheme which defrauded more than 40 investors out of more...
Massachusetts Regulators Halt Million Dollar Real Estate Investment Scheme
The Massachusetts Securities Division has charged an Illinois man for selling unregistered securities to Massachusetts investors totaling nearly $1 million for various real estate...
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...
Massachusetts Charges Two Advisers for Making Unsuitable Energy Investments
The Massachusetts Securities Division has charged two investment adviser representatives and their firm for allegedly overconcentrating more than 250 client accounts in what it...
Massachusetts Charges Former Commonwealth Adviser with Allegedly Stealing from Retiree
The Massachusetts Securities Division has charged a former investment adviser who allegedly withdrew nearly $100,000 from a client’s accounts over a 13-year period.
Bruce Colin...
Massachusetts Fines United Planners and its Former Broker Over Alleged $1...
The Massachusetts Securities Division has fined United Planners Financial Services and one of its former brokers, Thomas T. Riquier, who allegedly orchestrated a complex...
Massachusetts Regulators Charge Royal Alliance and Rep Over Unsuitable Annuity Exchange
The Massachusetts Securities Division has charged broker-dealer Royal Alliance Associates Inc. with failing to supervise one of its brokers who allegedly made unsuitable investment...
Massachusetts Regulator Fines Former Stifel Nicolaus Adviser for Overcharging Clients
The Massachusetts Securities Division has charged a Cape Cod investment adviser with operating a scheme which overcharged his clients and diverted commissions and fees...
New Jersey to Propose “Uniform Fiduciary Standard” for Investment Professionals
The New Jersey Bureau of Securities plans to initiate rules to impose a fiduciary duty on all New Jersey investment professionals, requiring them to...
Massachusetts Regulator Sweeps 63 Broker-Dealers Selling GPB Private Placements
The Massachusetts Securities Division has launched an investigation into independent broker dealers’ sales practices in connection with private placements sponsored by alternative investment firm...
Massachusetts Orders NPH Broker-Dealer to Refund Investors for Non-Traded REIT Sales
The Massachusetts Securities Division has ordered SII Investments Inc., an independent broker-dealer within the National Planning Holdings network, to pay restitution to certain Massachusetts...
Massachusetts Regulator Orders North Carolina Broker-Dealer to Pay $400,000 for Agent’s...
Massachusetts Secretary of the Commonwealth William Galvin has ordered North Carolina-based broker-dealer Capital Investment Group Inc. to pay full financial restitution to a Massachusetts...
Massachusetts Charges Adviser with Lying to Clients about Disciplinary History
Massachusetts securities regulators have charged Alan P. Siegel, a broker and investment adviser whose customers are primarily retirees or approaching retirement, for making false...
Galvin Launches Investigation of Private Placement Sales by “Bad Actors”
Secretary of the Commonwealth William Galvin, the securities regulator in Massachusetts, has launched an investigation into sales practices in connection with private placements.
The regulators...
LPL Fined $26 Million Over Sales of Unregistered Securities
LPL Financial LLC., the nation’s largest independent broker-dealer, will pay a settlement totaling $26 million over the sale of unregistered securities, stemming from an...
Galvin Condemns Fifth Circuit Fiduciary Rule Decision, Urges Appeal
Secretary of the Commonwealth William Galvin, the securities regulator in Massachusetts, has condemned a ruling by the Fifth Circuit U.S. Court of Appeals striking...
