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...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: November 2021
FINRA arbitration panel orders Edward Jones to pay damages to former broker
A Financial Industry Regulatory Authority arbitration panel has ruled in favor of a former broker for Edward D. Jones & Co. who left the firm and transferred some of his customers to his new company, reports AdvisorHub. Edward Jones had filed breach of contract...
SEC withdraws previous guidance documents after adopting new Marketing Rule
The Securities and Exchange Commission said recently that it is withdrawing certain staff letters that had provided guidance to advisors on how to comply with its advertising and cash solicitation rules, ThinkAdvisor reports. The withdrawal is related to the SEC’s...
3 men charged by SEC with running multi-million dollar fraud scheme
Three men and their claims aggregation firm have been charged with orchestrating a fraud scheme that involved the theft of at least $40 million from about 400 distribution funds, according to AdvisorNews. The Securities and Exchange Commission detailed the charges in...
SEC Chair Gensler calls for tough approach to financial misconduct
The chair of the Securities and Exchange Commission discussed his approach to investigating financial misconduct and protecting investors, according to AdvisorHub. Gary Gensler’s remarks came last week during an appearance at the Securities Enforcement Forum. Calling...