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. ...
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Broker Misconduct
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...
SEC bars Chicago investment advisor for misappropriating clients’ funds
A former stockbroker with Fifth Third Securities Inc. has been barred by the Securities and Exchange Commission after being accused of misappropriating the funds of clients, InvestmentNews reports. The enforcement action, detailed in a June 17 order, was taken against...
TD Bank advisor who left for Raymond James departed during money-laundering review
New details have surfaced in the case of Toronto-Dominion Bank's lawsuit against one of its former advisors who departed for Raymond James Financial Inc., AdvisorHub reports. As we reported last month, Gregg Desmarais was one of two advisors sued for allegedly...
