An online brokerage firm is being penalized by regulators for rules violations involving its dealings with social media influencers, reports InvestmentNews. The Financial Industry Regulatory Authority said that Open to the Public Investing, Inc. has agreed to pay a...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: May 2025
Officials with SEC, FINRA emphasize importance of cooperation between agencies
A recent conference in Washington, D.C. brought together two of the top leaders with the Securities and Exchange Commission and the Financial Industry Regulatory Authority for a discussion of various issues in the financial industry, reports InvestmentNews. SEC...
Stifel Financial seeks to vacate $133 million arbitration award due to arbitrator bias
A motion filed in federal court by Stifel Financial seeks to vacate an arbitration award against the firm, based on a claim that one of the arbitrators was biased, AdvisorHub reports. Stifel is challenging a decision in March by a panel of three Financial Industry...
FINRA penalizes Wells Fargo over failures to safeguard customer information
Disciplinary actions have been taken against Wells Fargo Advisors over supervisory lapses that resulted in failures to protect certain customer information, according to AdvisorHub. In a letter of acceptance, waiver, and consent, the Financial Industry Regulatory...
Former Osaic advisor fined, suspended over acceptance of $1 million bequest
A former advisor for Osaic Wealth agreed to disciplinary action under a settlement with the Financial Industry Regulatory Authority over rules violations, Financial Advisor reported. The matter involves Kenneth John Malm of Suffern, New York, who accepted a $1 million...
