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...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: November 2021
Ohio pension fund files lawsuit against Facebook over investment losses
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...
Record-breaking year reported for SEC whistleblower program
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...
SEC risk alert warns of miscalculations in advisory fees
The Securities and Exchange Commission has issued a risk alert warning that investment advisors 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...
CFP Board approves tougher sanctions for failure to report misconduct
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...