A former Merrill Lynch broker has been barred by the Financial Industry Regulatory Authority for his refusal to cooperate with an investigation into his request for a pandemic relief loan, according to AdvisorHub. According to the terms of a Letter of Acceptance,...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: September 2021
FINRA announces 5 new members on its Board of Governors
The Financial Industry Regulatory Authority has announced the five newest members of its Board of Governors. The board, composed of 22 industry and public members, oversees management of the administration of FINRA’s affairs. Ten of the seats on the board are...
SEC obtains final judgment against California investment advisor in fraud case
A former California investment adviser who pleaded guilty to fraud has been ordered to pay restitution to his victims, Financial Advisor reports. The Securities and Exchange Commission announced it had obtained a final judgment in a civil case against Steven...
SEC charges Minnesota couple with operating $18 million Ponzi scheme
A Minnesota couple has been charged in federal court with operating a Ponzi scheme that defrauded investors out of millions of dollars. The Securities and Exchange Commission announced Tuesday that it had filed an emergency action against Jason Dodd Bullard, Angela...
SEC cracks down on use of social media influencers as solicitors
JD Supra reports that the SEC in June imposed a fine of $25,000 on Canada-based robo-adviser Emperor Investments for a number of violations. Among the firm’s infractions was their failure to comply with Advisers Act Rule 206(4)-3, the Cash Solicitation Rule, when...