The Securities and Exchange Commission has formally withdrawn 14 major proposed rules in a continuation of its shift in priorities under the Trump Administration, Financial Advisor reports. The SEC announced that is pulling back certain notices of proposed rulemaking...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: June 2025
Former Merrill Lynch broker files claim against firm seeking deferred compensation
The latest round in an ongoing legal battle between Merrill Lynch and one of its former brokers was reported by AdvisorHub. John Lahoud, who is now with Rockefeller Capital Management, filed a lawsuit against Merrill Lynch in federal court in New Jersey, alleging that...
Arbitrator rules explanation for dismissal of Edward Jones advisor was defamatory
A former advisor for Edward Jones has won the right to clear his record of what he said was defamatory information regarding his termination from the firm, according to ThinkAdvisor. A Financial Industry Regulatory Authority arbitrator decided recently that Matthew J....
Advisor ordered to pay Ameriprise $383,000 after being accused of taking client information
A former advisor for Ameriprise Financial will have to pay compensatory damages to the firm after being accused of taking confidential client information with him when he left, ThinkAdvisor reports. A panel of Financial Industry Regulatory Authority arbitrators...
FINRA proposes raising limit on broker-client gifts from $100 to $250
The Financial Industry Regulatory Authority has filed a proposal to update its rule setting a $100 limit on gifts its members can give to their clients, Financial Advisor reports. Currently FINRA Rule 3220, known as the Gifts Rule, prohibits any member or person...
