The Certified Financial Planner Board of Standards said it is taking the next step in its organizational evolution with the creation of a separate nonprofit arm, reports Financial Advisor. The CFP Board announced the change in a news release, saying it will advance...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: February 2023
SEC files charges against 2 NY representatives over unsuitable investments
The Securities and Exchange Commission has charged two registered representatives from New York with making unsuitable investment recommendations for their clients, according to Financial Advisor. The SEC filed a complaint in federal court for the Southern District of...
Advisor Group firms ordered to pay restitution to clients over 529 plan rollovers
The Financial Industry Regulator Authority ordered three Advisor Group broker-dealers to pay restitution to clients for deficiencies in their supervisory systems related to 529 plan rollovers, InvestmentNews reports. FINRA said the firms, Securities America Inc.,...
Wisconsin advisor charged with defrauding clients out of $1.9 million
The Securities and Exchange Commission has charged a Wisconsin-based investment advisor with defrauding at least 13 advisory clients out of about $1.9 million, according to InvestmentNews. The SEC filed a complaint in federal court in the Western District of Wisconsin...