Federal and state securities regulators are launching a new effort aimed at providing investors with additional protection on their accounts. In a news release, the Financial Industry Regulatory Authority and the North American Securities Administrators Association...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: September 2021
Group of Merrill Lynch advisors departs to form new independent practice
A group of five Merrill Lynch advisors have announced that they are leaving the firm to form their own registered investment advisory firm, according to AdvisorHub. The team is comprised of brothers R. Scott Bills and Brett R. Bills, Teresa L. Friess, Aaron P. Seeman...
Wisconsin investment advisor charged with defrauding at least 100 clients
A Wisconsin investment advisor is facing charges that he defrauded more than 100 advisory clients, many of them elderly. The Securities and Exchange Commission filed a complaint in the Western District of Wisconsin on Thursday against Michael F. Shillin, alleging that...
Broker who won $34 million class action suit against Edward Jones hopes case will lead to more diversity
The broker who won a $34 million class action bias claim against Edward Jones & Co. is speaking out about his case and efforts to improve diversity in the financial industry, AdvisorHub reports. Wayne Bland was the lead plaintiff in the lawsuit that ended with a...
Survey finds deficiencies among advisors in protecting seniors from financial abuse
A recent survey revealed shortcomings in the ability of investment advisors to protect elderly clients from financial abuse, InvestmentNews reports. Coordinated examinations of 289 state-registered investment advisors were conducted by the North American Securities...
