An investor has filed a lawsuit against his former broker, alleging that he recommended a life insurance program that caused a devastating financial impact. The suit, detailed in a report by ThinkAdvisor, was filed in U.S. District Court in Oregon by Oregon resident...
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Broker Misconduct
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 sanctions NYC broker over misleading and exaggerated stock predictions
A New York City financial advisor has been sanctioned by the Financial Industry Regulatory Authority over exaggerated claims regarding stock performance, AdvisorHub reports. Richard Joseph Jackson was suspended for one month and fined $5,000 for his actions. ...
Former Pruco broker barred for forging customers signatures on annuities documents
A former broker for Pruco Securities has been barred by the Financial Industry Regulatory Authority, Investment News reports. In a letter of acceptance, waiver and consent, FINRA said the broker, Christopher Reynolds, had forged customers’ signatures on annuities...
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...
