Discuss Your Matter With An Attorney
(312) 291-4600
Contact Us: (312) 291-4600
The Certified Financial Planner Board of Standards said it has imposed public sanctions against 22 current or former financial planning professionals over violations of ethical standards. The sanctions were announced Monday in a news release by the CFP Board. The...
The Securities and Exchange Commission announced a 7 percent increase in the number of enforcement actions it brought during fiscal year 2021, reports Financial Advisor. In its annual report released last week, the SEC’s Division of Enforcement said it filed 697 total...
A Financial Industry Regulatory Authority arbitrator has ruled that a client’s complaint can be expunged from the record of a Nebraska financial advisor, AdvisorHub reports. The FINRA arbitrator adjudicated the case involving Ronald L. Carson, owner of Carson Wealth...
A Michigan man has pleaded guilty to pretending to be a broker and defrauding investors out of millions of dollars, reports ThnkAdvisor. 37-year-old Joshua Louis Rupp pleaded guilty to securities fraud last week in federal court in Michigan. Authorities said that...
The Financial Industry Regulatory Authority is considering whether to implement a permanent hybrid approach regarding its arbitration hearings, according to Investment News. FINRA suspended in-person hearings at the beginning of the pandemic in March 2020 and offered...
Ohio’s largest public pension fund has filed a lawsuit against Facebook following allegations the company misled the public and investors, according to AdvisorNews and the Associated Press. The class-action suit was filed in federal court by the Ohio Public Employees...
The Securities and Exchange Commission reports that fiscal 2021 was a record-breaking year for its whistleblower program, according to ThinkAdvisor. The SEC released its annual report to Congress on the program and said it made more whistleblower awards this year than...
The Securities and Exchange Commission has issued a risk alert warning that investment advisers are often miscalculating their fees, according to WealthManagement. The alert was published last week by the SEC’s Division of Examinations following a national examination...
The Certified Financial Planner Board of Standards announced last week that changes have been adopted to the CFP Board’s Sanction Guidelines and Procedural Rules, according to InvestmentNews. The update stipulates that a public censure would be recommended for CFP...
A broker was fined and suspended by the Financial Industry Regulatory Authority over allegations of excessive and unsuitable trading, according to Financial Advisor IQ. FINRA took the enforcement action against Sebastian Wyczawski for infractions while he was...
