A former suburban Chicago financial advisor has been sentenced to prison for swindling elderly clients out of millions of dollars, ThinkAdvisor reports. U.S District Court Judge Manish Shah sentenced 58-year-old Lucita Zamoras of Niles, Illinois to four and a half...
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Month: June 2022
SEC penalizes Adirondack Financial Services Corp. over Form CRS violations
The Securities and Exchange Commission has announced a penalty against a New York-based company for violations involving Form CRS, Think Advisor reports. The action was taken against Adirondack Financial Services Corp. (AFSC) over its failure to file Form CRS with the...
SEC charges company and former CEO with COVID-19 test kit fraud
A New York based company and its former chief executive have been charged with misleading investors about their plans to distribute COVID-19 rapid test kits in the early stages of the pandemic. The Securities and Exchange Commission announced the charges against...
Ex-Edward Jones broker wins bid to have termination filing cleared from record
A former broker for Edward Jones has won a request to have the circumstances surrounding his departure revised on his record, reports AdvisorHub. A Financial Industry Regulatory Authority arbitration panel issued an award in favor of the expungement request of Michael...
SEC charges Louisiana town, former mayor and others with fraud in municipal bond deals
A Louisiana town and its former mayor are among those facing fraud charges over two municipal bond deals, the Securities and Exchange Commission announced. The SEC filed a complaint against the town of Sterlington, former mayor Vern A. Breland, Sterlington’s...