A lawsuit has been filed against Fidelity Investments after the company disclosed a major data breach affecting over 77,000 customers, according to a ThinkAdvisor report. Two Fidelity customers, Yaakov and Seth Gluck of Spring Valley, New York, filed a proposed...
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Month: October 2024
SEC charges Connecticut advisor, 2 firms with $4 million fraud scheme
A Greenwich, Connecticut-based investment advisor has been charged by the Securities and Exchange Commission with carrying out a fraudulent scheme, according to Financial Advisor. The SEC filed a complaint in the U.S. District Court for the District of Connecticut...
FINRA penalizes broker for forging customer signatures on hundreds of documents
A broker has been penalized by the Financial Industry Regulatory Authority over violations involving forgery and falsification, reports ThinkAdvisor. Richard Dean Connally was fined $7,500 and suspended for one year for actions that took place from at least November...
Fidelity Investments discloses data breach that affected over 77,000 customers
Thousands of customers of Fidelity Investments were affected by a major data breach that occurred in August, reports InvestmentNews. The company disclosed the breach recently in regulatory filings with the attorney generals of Maine, New Hampshire, and Massachusetts. ...
Stifel Financial ordered to pay $14.3 million in damages to investors over broker’s recommendations
A panel of arbitrators has issued a $14.3 million award in favor of two investors in their claim against Stifel Financial Corp., AdvisorHub reports. The plaintiffs, Louis and Elizabeth Deluca and their business, UBS Inc., filed suit last year, claiming up to $5...
