The Financial Industry Regulatory Authority has proposed publicly identifying broker-dealers designated as “restricted firms” on their BrokerCheck reports, according to Financial Advisor. FINRA has submitted its proposal to the Securities and Exchange Commission for...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: July 2022
Bank of America to pay $200 million fine over unauthorized use of personal devices
Bank of America Corp. is facing a financial penalty as part of an investigation by regulators into the unauthorized use of personal devices, reports AdvisorHub. The Securities and Exchange Commission has been conducting a probe of various financial institutions...
SEC orders UBS to pay $25 million over fraud charges from YES strategy
UBS Financial Services has agreed to pay about $25 million to settle charges stemming from a complex options strategy that has been the subject of numerous disputes, the Securities and Exchange Commission has announced. The SEC filed fraud charges against the company...
Reg B1 claims among FINRA’s list of most cited violations
The Financial Industry Regulatory Authority’s list of top arbitration categories now includes Regulation Best Interest (Reg B1) claims for the first time, according to a report by Financial Advisor. The Securities and Exchange Commission adopted Reg B1 establishing a...
24 Republican attorneys general take issue with SEC climate disclosure rules
A group of 24 Republican attorneys general have joined together in opposition to the Securities and Exchange Commission’s proposed climate change disclosure rules, Financial Advisor reports. The attorneys general submitted comments to the SEC calling the rules...
