A group of investors filed a brief in appellate court in support of a judge who overturned an arbitration award that had gone in favor of Wells Fargo Advisors, Financial Advisor reports. The Jan. 25 ruling by Fulton County Superior Court Judge Belinda E. Edwards is...
FINRA arbitrators award couple nearly $3.9 million in dispute over UBS YES strategy
A Houston couple has won an arbitration case stemming from their allegations that UBS Wealth Management USA’s Yield Enhancement Strategy (YES) exposed them to unacceptable risk, AdvisorHub reports. John Oren and his wife Elise were awarded $3.86 million in...
SEC awards nearly $3.5 million to 4 whistleblowers for assistance in investigation
Four whistleblowers have been awarded a total of nearly $3.5 million by the Securities and Exchange Commission for coming forward and providing assistance in a recent investigation, the SEC announced. Information provided by three of the whistleblowers caused the...
Wells Fargo broker terminated for excessive trading in his personal account
A broker for Wells Fargo Advisors was terminated from the firm for excessive trading in his personal account, according to a report by AdvisorHub. Roger A. Graham, who was based in San Antonio, Texas, was discharged this past February. The details were listed on his...
CFP Board announces sanctions against 25 financial planners
The Certified Financial Planner Board of Standards has announced sanctions against 25 current or former certified financial planners for various violations of the profession’s ethical standards. The board issued a news release on the enforcement actions, which were...
