A judge in Texas sentenced former radio host and investment advisor William Neil “Doc” Gallagher to three life terms in prison for charges involving a $32 million Ponzi scheme he ran, reports InvestmentNews. The Tarrant County District Attorney’s office said the...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: November 2021
FINRA arbitrators reject claim brought by investors against UBS Wealth Management
An arbitration panel for the Financial Industry Regulatory Authority has denied a claim filed by two investors against UBS Wealth Management USA, AdvisorHub reports. Henry Ingram and his son, Henry Ingram, Jr., brought the $5 million claim in March 2019 over the...
FINRA issues regulatory notice to firms regarding renewal fees for 2022
The Financial Industry Regulatory Authority recently issued a notice to member firms regarding the upcoming payment deadline for its renewal fees for 2022. In Regulatory Notice 21-39, FINRA noted that its Renewal Program “supports the collection and disbursement of...
Former Wells Fargo financial advisor charged with stealing investor funds for personal use
A former broker and investment advisor representative for Wells Fargo has been charged with stealing funds from his clients to pay for personal expenses and purchases, according to InvestmentNews. In a complaint filed in federal court in New Jersey, the Securities and...
Ex-brokers sanctioned by FINRA over improper COVID loan applications
The Financial Industry Regulatory Authority took disciplinary action against two former brokers over improprieties involving pandemic relief loans, according to ThinkAdvisor. Manuel Pinazo, a former broker for Merrill Lynch, signed a letter of Acceptance, Waiver and...