The Financial Industry Regulatory Authority suspended a New York broker over violations related to his documentation of his telephone conversations with clients, according to AdvisorHub. FINRA took the enforcement action against Derek John Rehill over notes compiled...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: March 2023
SEC charges cannabis company, CEO and others in investment fraud case
The Securities and Exchange Commission announced it has filed charges against a cannabis cultivation and distribution company accused of defrauding investors. American Patriot Brands Inc. (APB), its CEO Robert Y. Lee and five other entities and individuals were named...
SEC charges Mass. advisor with defrauding clients on annuity sales
A Massachusetts-based investment advisor has been charged with defrauding his clients in connection with the sales of annuities, InvestmentNews reports. The Securities and Exchange Commission filed a complaint in federal court against 55-year-old Jeffrey Cutter and...
FINRA plans at least 1,000 Reg B1 exams by end of 2023
An executive with the Financial Industry Regulatory Authority provided an update on the authority’s plans for this year’s Regulation Best Interest exams, reports Financial Advisor. Bill St. Louis, executive vice president and head of FINRA's National Cause and...
FINRA arbitrators deny claim brought against UBS over YES strategy
UBS Wealth Management USA has won an arbitration case in the latest dispute over its investment strategy known as Yield Enhancement Strategy (YES), according to AdvisorHub. A panel of Financial Industry Regulatory Authority arbitrators sided with UBS in a complaint...
