A former broker for Ameriprise has been barred by the Financial Industry Regulatory Authority following allegations that he violated company policies, AdvisorHub reports. FINRA took the enforcement action against James Dunn, who resigned from Ameriprise in October...
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Month: August 2022
FINRA orders Chicago trader to pay $57 million in fictitious trading case
The Financial Industry Regulatory Authority has ordered a Chicago securities trader to pay $57 million in a case that involved allegations of fictitious trading, reports Financial Advisor. A FINRA arbitration panel issued its decision against Keith Wakefield, who was...
CFP Board imposes interim suspension against Massachusetts advisor
The Certified Financial Planner Board of Standards has imposed an interim suspension of the CFP® certification against a Massachusetts financial advisor over ethical violations involving his dealings with a client. The CFP Board announced that the suspension of...
Maryland bank, former CEO charged with failing to disclose loans to family trusts
A Maryland bank and its former top executive have been charged with violating federal securities laws by failing to disclose loans made to family trusts, according to the Securities and Exchange Commission. The SEC announced the charges against Eagle Bancorp, Inc.,...
MassMutual unit fined $250,000 over agent who defrauded clients
A subsidiary of MassMutual has been fined for failing to supervise an agent who defrauded clients, according to InvestmentNews. The fine of $250,000 was levied by the Massachusetts Securities Division as a part of a consent order reached with the company, MLS...
