A gender discrimination lawsuit has been filed against Osaic by one of the company's former senior recruiters, according to a report by AdvisorHub. The suit was brought by Genevieve Sisco, former senior vice president of recruiting at Osaic's subsidiary broker-dealer...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: September 2023
FINRA penalizes former broker for Regulation Best Interest violations
A former broker was penalized by the Financial Industry Regulation Authority for violations of the Regulation Best Interest rule, reports AdvisorHub. Under a settlement reached with FINRA, Elba M. Nogueras was suspended for four months and fined $5,000. Nogueras was...
Revised privacy act regulations approved by SEC
The Securities and Exchange Commission announced that it has approved a rule to revise the Commission’s regulations under the Privacy Act. The Privacy Act is the principal law that governs the handling of personal information in the federal government. The current...
SEC adopts amendments to prevent misleading or deceptive fund names
The Securities and Exchange Commission has adopted rule amendments aimed at preventing misleading or deceptive names of investment funds, AdvisorHub reports. The changes were made to the "Names Rule" portion of the Investment Company Act of 1940. The Names Rule...
SEC charges YieldStreet and its subsidiary for misleading investors
The Securities and Exchange Commission has charged YieldStreet Inc. and its registered investment adviser subsidiary with misleading investors, Reuters reports. The SEC said the New York-based company, which includes YieldStreet Management LLC, had failed to disclose...
