A bill to help protect senior citizens from financial abuse and exploitation was approved recently by a House panel, according to Investment News. The Empowering States to Protect Seniors from Bad Actors Act, H.R. 5914, was advanced on a unanimous voice vote by the...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: December 2021
Former CFO of pharmaceutical company charged with insider trading
A former pharmaceutical company executive and his former girlfriend have been charged with insider trading, the Securities and Exchange Commission announced in a news release last week. The SEC filed a complaint in U.S. District Court against Usama Malik, the ex-Chief...
SEC updates list of firms using inaccurate or misleading information to solicit investors
The Securities and Exchange Commission announced Wednesday that it had updated its list of firms that are using misleading or inaccurate information to solicit investors, according to ThinkAdvisor. The SEC said it added 82 soliciting entities, eight impersonators of...
FINRA issues reminder to firms about new data management system
The Financial Industry Regulatory Authority issued a reminder to member firms this week regarding its new platform, Participant Data Management (PDM). The system will replace the existing FINRA Order Form and Transparency Services Participation Agreement. In a...
FINRA took action on rules involving broker misconduct, continuing education in 2021
The Financial Industry Regulatory Authority adopted or modified several rules during 2021 as part of its ongoing mission to help keep investors and their investments safe. Four of the rules were highlighted recently in a report by ThinkAdvisor as being among the most...