The Certified Financial Planner Board of Standards has imposed an interim suspension against a Texas financial planner following violations of the profession’s ethical standards. The board announced it issued an automatic interim suspension order suspending Douglas M....
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: October 2022
SEC announces fines against 16 firms for recordkeeping violations
The Securities and Exchange Commission announced that 15 broker-dealers and one affiliated investment advisor have been charged with widespread recordkeeping violations. The SEC said the firms involved admitted to longstanding failures in maintaining and preserving...
SEC charges Compass Minerals for misleading investors about salt mine operations
Compass Minerals was ordered to pay $12 million to settle charges of misleading investors, the Securities and Exchange Commission announced last week. The SEC’s order involved the company’s technology upgrade at its Goderich mine near Ontario, Canada, the world’s...
UBS ordered to pay couple over $5 million over losses in options strategy
UBS Financial Services was ordered to pay over $5 million to a Florida couple in the latest arbitration case involving the firm’s Yield Enhancement Strategy (YES), Financial Advisor reports. A three-member Financial Industry Regulatory Authority arbitration panel...
Boeing to pay $200 million to settle charges of misleading statements about 737 MAX
The Boeing Company will pay a $200 million settlement over charges it misled investors regarding the safety of its 737 MAX airplane following two crashes, the Securities and Exchange Commission announced. The SEC’s action pertained to the statements of Boeing and its...