The Financial Industry Regulatory Authority announced a settlement with Wedbush Securities over charges of misleading account statements, Financial Advisor reported. In its letter of acceptance, waiver and consent, FINRA said that from 2013 to 2018, the Los...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: November 2022
Former NJ financial advisor admits to preparing false tax returns
Federal prosecutors announced that a former New Jersey financial advisor has admitted to multiple counts of preparing a false tax return, ThinkAdvisor reports. 69-year-old Terrence LeGall of Linden pleaded guilty to the charges in Newark federal court earlier this...
Broker suspended over unreported loans from clients, including Nobel Prize winner
A former broker for J.P. Morgan Advisors has been suspended in a case involving unreported loans, according to a report by AdvisorHub. The Financial Industry Regulatory Authority announced the four-month suspension along with a $20,000 fine against Theodore M. Serure,...
2 former MoviePass executives charged with deceiving investors
Two former MoviePass executives are facing charges they engaged in a scheme to deceive investors in the company, according to InsuranceNewsNet. The U.S. Department of Justice announced the indictments against former MoviePass CEO J. Mitchell Lowe and Theodore...
FINRA proposes extending remote inspection of offices into 2023
The Financial Industry Regulatory Authority has proposed extending remote inspections of branch offices through the end of 2023, reports InvestmentNews. Under FINRA Rule 3110, member firms are required to maintain a system of supervising the activities of their...
