A former advisor accused of defrauding investors out of millions of dollars has agreed to a settlement with the Securities and Exchange Commission, Financial Advisor reports. The SEC filed lawsuits against the advisor, Anthony Cottone of Delray Beach, Florida and...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: January 2022
Study finds increase in advisor misconduct at RIAs following private equity buyouts
A new study has found there is an increase in advisor misconduct when private equity firms buy out registered investment advisor firms, according to ThinkAdvisor. The study, published last month, was conducted by a team of researchers at the University of Oregon. It...
SEC awards whistleblowers over $4 million for assistance in enforcement actions
Whistleblowers who provided key information to the Securities and Exchange Commission in two separate enforcement actions have been awarded a total of over $4 million, the SEC announced in a news release last week. This comes on the heels of a record-breaking year for...
Chicago broker ordered to pay over $1.2 million in promissory note dispute with UBS
A FINRA arbitration panel ordered a Chicago broker to pay his former firm over $1.2 million in a dispute over promissory notes, AdvisorHub reports. The ruling came in the case of David J. Morris, who spent six years with UBS Wealth Management USA before departing in...
CFP Board announces public sanctions against 20 financial planners
The Certified Financial Planner Board of Standards said it is imposing public sanctions against 20 individuals for various violations. In a news release last week, the board announced the disciplinary action was taken against current or former CFP professionals or...
