Registered investment advisors can utilize an important tool to help them manage their practices: turnkey asset management platforms, or TAMPs. A report by InvestmentNews provides recommendations from planners on the best TAMPs that are currently available. RIAs...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: August 2024
Dropbox co-founder files $225 million suit claiming JP Morgan advised improper investments
Dropbox co-founder Arash Ferdowsi filed a lawsuit alleging that an advisor at J.P. Morgan Private Wealth Advisors recommended investments that were improper and unsuitable, AdvisorHub reports. The complaint, filed last week in U.S. District Court for the Northern...
Broker-dealer fined $60,000 for failures to comply with Reg BI and Form CRS requirements
Illinois-based JVM Securities has been hit with penalties over violations involving compliance with Regulation Best Interest and Form CRS requirements, ThinkAdvisor reports. According to the Financial Industry Regulatory Authority's letter of acceptance, waiver and...
FINRA fines Pershing $1.4 million over inaccurate interest rate information
The Financial Industry Regulatory Authority said it has fined Pershing $1.4 million for providing inaccurate interest rate information to its clients, AdvisorHub reports. FINRA found that over a 12-year period from 2010 to 2022, Pershing distributed more than one...
Former JP Morgan Chase broker penalized for taking customers’ private information
A former broker for JP Morgan Chase has been penalized after it was determined that he had taken the private information of customers, according to AdvisorHub. The Financial Industry Regulatory Authority fined Dale L. Self $5,000 and suspended him for 15 days over...
