An arbitration panel has sided with an Indiana broker-dealer in a dispute with his former company over the circumstances surrounding his departure, AdvisorHub reports. The Financial Industry Regulatory Authority arbitrators ordered Indianapolis-based Sanctuary Wealth...
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Month: December 2022
Former Oregon securities broker found guilty of tax evasion
A former registered broker has been convicted of evading millions of dollars in income taxes and using the proceeds to pay for his lavish lifestyle, reports ThinkAdvisor. 65-year-old James Millegan of McMinnville, Oregon was found guilty recently by a federal jury of...
CFP Board pushes for firms to improve diversity in financial planning profession
The Certified Financial Planner Board of Standards is calling on financial planning firms to improve their efforts to bring more diversity to the profession, according to a report by Financial Advisor. The CFP Board’s CEO, Kevin Keller, addressed the topic following...
Couple sentenced to 5 years in prison for stealing millions from investors
An Arizona couple has been sentenced to prison after they were convicted of bilking investors out of millions of dollars through false statements, InsuranceNewsNet reports. A federal judge sentenced 73-year-old Michael Feinberg and 80-year-old Betsy Feinberg of Tucson...
2 charged with facilitating securities trades despite being unregistered with SEC
The Securities and Exchange Commission has charged two men with facilitating securities trading despite being unregistered with the commission as broker-dealers. In a news release, the SEC announced the charges against Jeffrey K. Galvani, Stuart A. Jeffery, and two...