Prosecutors announced the indictment of a barred New York investment broker accused of stealing from clients in a stock fraud scheme, reports InsuranceNewsNet. 57-year-old Peter Quartararo of Glen Cove, Long Island was arraigned earlier this month on five counts of...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: March 2023
SEC updates list of firms using misleading information to solicit investors
The Securities and Exchange Commission announced its latest step aimed at protecting investors by issuing an update to its list of Public Alert: Unregistered Soliciting Entities (PAUSE) The PAUSE Program lists firms that falsely claimed to be registered, licensed,...
Former Goldman Sachs banker sentenced to 10 years in bribery, embezzlement case
A former banker for Goldman Sachs has been sentenced to prison after being convicted of helping to embezzle billions of dollars from Malaysia’s 1MDB development fund, reports Financial Advisor. 51-year-old Roger Ng was sentenced last week in federal court to 10 years...
CFP Board imposes interim suspension on Pennsylvania financial advisor
The Certified Financial Planner Board of Standards has imposed an interim suspension on a Pennsylvania financial advisor. The CFP Board announced that Kenwyn J. Belkot had his right to use the CFP® certification marks suspended effective as of February 1, 2023. The...
FINRA fines Webull Financial $3 million over approval of customers for options trading
The Financial Industry Regulatory Authority announced it is penalizing Webull Financial LLC for violations in its procedures for approving customers for options trading. FINRA announced a fine of $3 million against the firm after finding it did not exercise reasonable...
