A former advisor for the Teachers Insurance and Annuity Association of America has been accused of violating a non-solicitation agreement he signed with the organization, according to Financial Advisor. TIAA filed a request last week for a preliminary injunction...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: December 2021
GAO report recommends measures to strengthen SEC’s oversight of FINRA
A report by a government watchdog agency analyzed the Securities and Exchange Commission’s oversight of the Financial Industry Regulatory Authority, according to Investment News. The Government Accountability Office released its report last week that examined 69 SEC...
Three Canadian citizens charged by SEC with running fraud scheme involving penny stocks
Three Canadian citizens are facing charges that they orchestrated a sophisticated scheme involving penny stocks that defrauded many investors, the Securities and Exchange Commission announced. A complaint filed by the SEC in federal court in Boston last week names Jay...
FINRA reaches settlements with 6 firms over failing to supervise early rollovers
The Financial Industry Regulatory Authority announced that it has reached settlements with six of its member firms over their failures to reasonably supervise early rollovers of unit investment trusts, or UITs. The authority said it has obtained $16.8 million in...
CBIZ awarded one dollar in damages after $1 million claim against former advisor
A financial services company was awarded just one dollar in an arbitration case against a former advisor after it had been seeking a total of over $1 million, according to a report by Financial Advisor. CBIZ Financial Solutions filed its claim against Timothy Michael...