The former chief financial officer of a special purpose acquisition company (SPAC) has been charged with stealing millions from the firm through a fraud scheme, the Securities and Exchange Commission announced. The SEC filed charges against Cooper J. Morgenthau, the...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: January 2023
UBS fined $3.75M by FINRA over inaccurate reporting violations
The Financial Industry Regulatory Authority said UBS Securities has agreed to settle allegations involving inaccurate trade reporting, reports Financial Advisor. FINRA said UBS did not adequately respond to three separate technology issues that resulted in...
Former broker suspended by FINRA for impersonating deceased relative
A former broker was suspended by the Financial Industry Regulatory Authority for impersonating a deceased relative during a phone call with her firm, according to ThinkAdvisor. The case involved Kimberly E. Nuessman, who was a registered representative and broker for...
Arbitrators award former Fidelity broker $500,000 in wrongful termination case
Financial Industry Regulatory Authority arbitrators awarded damages to a former broker for Fidelity Brokerage Services in a dispute over his termination, reports ThinkAdvisor. The arbitration panel issued its ruling in the claim of Ryan Sanghak Lee, whose causes of...
15 broker-dealers fined by FINRA in 2022 over GPB Capital sales
15 broker-dealers were the subject of enforcement actions in 2022 over their sales of GPB Capital Holdings private placements, according to a report by InvestmentNews. The firms were penalized by the Financial Industry Regulatory Authority a total amount of $3.7...
