A former broker for Raymond James Financial is challenging an arbitration ruling which found that she violated rules by soliciting former clients after selling her practice to a father and son team, AdvisorHub reports. In May, a three-member Financial Industry...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: July 2024
Former Wells Fargo banker files suit alleging racial profiling of customers
Wells Fargo is being sued by one of its former personal bankers who alleges he was fired for reporting racial discrimination and profiling of potential customers by the firm, according to ThinkAdvisor.. Thomas Davis, who was hired by Wells Fargo in 2016, filed his...
FINRA releases industry snapshot of registered representatives, brokerage firms
The Financial Industry Regulatory Authority has released its annual report providing an overview of FINRA membership, according to AdvisorHub. The 2024 FINRA Industry Snapshot includes data ranging from the number of FINRA-registered individuals to the overall...
SEC launches Interagency Securities Council to coordinate enforcement efforts
The Securities and Exchange Commission has announced a new initiative aimed at bolstering its enforcement efforts by improving the coordination of various agencies. The SEC's Division of Enforcement has established the Interagency Securities Council (ISC), which...
CFP Board elects Terri Kallsen as 2025 Board Chair-elect
The Certified Financial Planner Board of Standards announced that it has chosen its next leader by naming Terri Kallsen, CFP® as its 2025 Board Chair-elect. The election of Kallsen came at the CFP Board of Directors July 2024 meeting. The current Chair-Elect Liz...