A fine has been levied against J.P. Morgan in a case involving a broker who made unauthorized and unsuitable trades in his grandmother’s account, according to a report by ThinkAdvisor. The Financial Industry Regulatory Authority fined the firm $200,000 for failing to...
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Broker Misconduct
Former Wells Fargo broker ordered to pay back over $680,000 in promissory notes
A Financial Industry Regulatory Authority panel sided with Wells Fargo Advisors in an arbitration dispute with one of its former brokers, reports AdvisorHub. The FINRA arbitrators ruled that ex-broker Carl Buhr would have to pay back over $680,000 from two promissory...
CFP Board imposes interim suspension on broker over falsified invoices
An Illinois broker has been disciplined by the Certified Financial Planner Board of Standards over violations of ethical standards, the board announced in a news release. The CFP Board said it has issued an automatic interim suspension order against Shawn E. Parker,...
Ex-Merrill Lynch broker can clear record of complaint caused by former partner’s misconduct
Financial Industry Regulatory Authority arbitrators sided with a broker trying to clear his record following his former partner’s misconduct, according to AdvisorHub. The three-member FINRA panel authorized Patrick T. Stehl, a former broker for Merrill Lynch in...
Former Edward Jones broker barred by FINRA after allegedly refusing to return funds to client
A former broker for Edward Jones who allegedly refused to return over $893,000 he received from a client has been barred by the Financial Industry Regulatory Authority, reports AdvisorHub. FINRA administered the sanction against John Winslow, who spent eight years...