The Financial Industry Regulatory Authority has ordered a New York firm and its representatives to pay restitution to customers due to excessive trading in their accounts. FINRA announced a letter of Acceptance, Waiver and Consent in the case of Joseph Stone Capital...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: September 2022
Former UBS broker files suit to block amended entry on U5 form
A former broker for UBS Wealth Management USA has gone to court to prevent the firm from posting what he says is defamatory information on his U5 termination form, AdvisorHub reports. Brandon Thomas, who was terminated in March after eight years with the company,...
SEC charges venture capital fund firm with excess management fees
A venture capital fund advisor has been penalized for charging excess management fees on two of its funds, the Securities and Exchange Commission announced. The SEC detailed its charges against California-based Energy Innovation Capital Management, LLC (EIC), an...
Charles Schwab, Pinnacle Associates ordered to pay $815K in dispute over options strategy
Arbitrators for the Financial Industry Regulatory Authority have ruled in favor of a retiree who filed a complaint against Charles Schwab and RIA Pinnacle Associates, according to a report by ThinkAdvisor. The three-member arbitration panel issued its decision on...
CFP Board vacates interim suspension issued against financial advisor
The Certified Financial Planner Board of Standards said that it has vacated the interim suspension of a financial advisor following the dismissal of criminal charges against him. The CFP Board announced it had taken the action in the case of Joseph M. Whitney, CFP®,...
