The Financial Industry Regulatory Authority is reminding member firms of the importance of paying their renewal fees on a timely basis. FINRA issued Regulatory Notice 22-22, noting that its Renewal Program “supports the collection and disbursement of fees related to...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: October 2022
Former head of anti-fraud company ordered to pay nearly $1.5M for defrauding investors
The Securities and Exchange Commission said it has obtained a final judgment against a Florida man who engaged in a fraudulent securities offering, reports Financial Advisor. Lev Parnas of Boca Raton was charged along with his co-defendant David Correia of West Palm...
SEC examining use of outside message apps by investment advisors
The Securities and Exchange Commission is expanding the scope of its investigation into the use of outside messaging apps such as WhatsApp in the financial industry, according to Financial Advisor. The SEC has taken its probe of the issue beyond major financial...
SEC reopens public comment period on proposals due to technical error
The Securities and Exchange Commission announced that it is reopening the public comment periods for 11 of its rulemaking releases and one request for comment due to a technological error, ThinkAdvisor reports. Because of the error, a number of comments that were...
Insider trading charges filed against 2 Canadian software engineers
The Securities and Exchange Commission and the Ontario Securities Commission have charged two Canadian software engineers with taking part in an insider trading scheme. The SEC issued a news release announcing the charges against Harpreet Saini and John Lester...
