Discuss Your Matter With An Attorney
(888) 655-6002
Contact Us: (888) 655-6002
The Securities and Exchange Commission has charged four advisory firms with violating the commission’s ‘pay-to-play’ rules, Financial Advisor reports. The SEC levied fines totaling about $300,000 in the case. The firms charged were Asset Management Group of Bank of...
A former broker for Edward Jones was penalized for using his own money to compensate the financial losses of one of his clients, according to a report by AdvisorHub. The Financial Industry Regulatory Authority suspended Daniel (Shawn) Murff for one month and fined him...
The Financial Industry Regulatory Authority announced it has fined Bank of America’s brokerage division over its failures in reporting over-the-counter options positions. BofA Securities Inc. (BofAS), based in New York City, was fined $5 million after FINRA said it...
The Certified Financial Planner Board of Standards has announced public sanctions against 33 current or former CFP® professionals for violations of the profession’s ethical standards. The CFP Board’s sanctions, in order of increasing severity, included six public...
The Financial Industry Regulatory Authority is giving brokerages an opportunity to avoid the designation of ‘Restricted Firm’, according to a report by AdvisorHub. FINRA Rule 4111, which took effect Jan. 1, categorizes restricted firms as those broker-dealers with a...
A California technology company has been charged with making misleading statements to investors that obscured the firm’s financial performance, the Securities and Exchange Commission announced. The SEC found that the conduct of VMware Inc., based in Palo Alto,...
The Securities and Exchange Commission announced that a Florida investment advisor representative has been charged with a multi-year cherry-picking scheme, Wealth Management reports. The SEC said cherry-picking is a fraudulent practice in which advisors preferentially...
Merrill Lynch Wealth Management is facing a lawsuit over its actions in connection with a family dispute over an inheritance, AdvisorHub reports. The suit was filed last month in Texas state court by John Murgai as part of a legal battle over the assets of his father...
A New York-based advisory firm has reached a settlement with the Securities and Exchange Commission over charges that it failed to disclose conflicts of interest involving its personnel, the SEC announced. Perceptive Advisors LLC agreed to a $1.5 million penalty after...
Wells Fargo has been ordered to pay $22 million to an executive based in the Chicago area who was fired after alleging financial misconduct, Financial Advisor reports. The U.S. Department of Labor’s Occupational Safety and Health Administration issued the order after...
