A media and entertainment company and some of its senior executives have been charged with fraud, the Securities and Exchange Commission announced. The SEC filed a complaint in federal court for the Eastern District of New York against Ozy Media Inc., its CEO Carlos...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: March 2023
Credit Suisse attempts to overturn arbitration ruling in favor of ex-broker
Credit Suisse Group AG is going to court to fight a recent arbitration ruling that went in favor of one of its former brokers, reports AdvisorHub. Last month, a panel of Financial Industry Regulatory Authority arbitrators awarded $1.3 million to James D. Garrity, who...
Ex-compliance officer sentenced to prison for stealing from NY firm and its clients
Federal prosecutors announced that a New York woman was sentenced to prison for stealing from an investment firm and its clients, Financial Advisor reports. 48-year-old Jennifer Campbell of Niagara Falls was sentenced to serve 36 months behind bars and was also...
Oppenheimer loses bid to overturn FINRA arbitration award of $36.7 million
A Georgia Superior Court Judge has rejected an attempt by Oppenheimer & Co. Inc. to vacate an arbitration award against the firm, according to Investment News. Last September, a panel of Financial Industry Regulatory Authority arbitrators awarded $36.7 million to...
FINRA bars LA broker who failed to cooperate with investigation
The Financial Industry Regulatory Authority has barred a Los Angeles broker from the industry, according to AdvisorHub. The action was taken against Antoine Souma, who runs his own registered investment advisory firm, Galliott Capital Advisors in Beverly Hills. The...