The Securities and Exchange Commission has announced a settlement with J.P. Morgan (JPMS) in which the firm will pay $18 million for violating a rule implemented to protect whistleblowers. The SEC's order, spanning the period from March 2020 through July 2023, alleges...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: January 2024
FINRA report examines investors of color entering the market
A new report focusing on the behavior and attitudes of investors of color in the United States has been released by the FINRA Investor Education Foundation. The primary finding was that these investors are entering the market at a faster pace than white investors and...
First RIA co-operative platform for financial advisors launched
Two Los-Angeles based advisors announced that they have launched the first RIA co-operative platform for financial advisors, reports InvestmentNews. Katrina Soelter, CFP® and Leighann Miko, CFP®, said they co-founded Avise Financial as a way to put ownership in the...
SEC approves first listed exchange traded funds to track bitcoin
The Securities and Exchange Commission voted last week to approve nearly a dozen new bitcoin exchange-traded funds, or ETFs, according to the New York Times. The vote, seen as a milestone for the crypto industry, will allow U.S. ETFs that hold bitcoin to be sold to...
Firms still violating Regulation Best Interest obligations, FINRA report finds
As part of its annual review of compliance concerns, the Financial Industry Regulatory Authority examined member firms’ implementation of Regulation Best Interest and Form Customer Relationship Summary obligations throughout 2021-2023, AdvisorHub reports. FINRA's 2024...