The Financial Industry Regulatory Authority is requesting an extension of a temporary rule that permits the brokerage industry to conduct remote inspections of their branch offices, InvestmentNews reports. Under FINRA Rule 3110, member firms are required to maintain a...
SEC bars former financial advisor charged with defrauding at least 100 clients
A former registered investment advisor from Wisconsin has been barred by the Securities and Exchange Commission for his alleged fraudulent conduct, according to InvestmentNews. The SEC announced that it has permanently barred Michael Shillin from associating with any...
Kamila Elliott becomes first African-American Chair of CFP Board
The Certified Financial Planner Board of Standards, Inc. has its first African-American Chair, the Board announced last week in a news release. Kamila Elliott, a certified financial planner since 2013, began serving in the role of Chair of the CFP Board of Directors...
Ex-investment advisor pleads guilty to role in $9.5 million Ponzi scheme
A former investment advisor from Ohio has pleaded guilty to being involved in a Ponzi scheme that defrauded clients out of approximately $9.3 million, FinancialAdvisor reports. 47-year-old Tara M. Brunst entered her plea last week in federal court. She was originally...
FINRA arbitrators rule in favor of brokers in Credit Suisse deferred compensation case
A panel of Financial Industry Regulatory Authority arbitrators ruled in favor of a group of former Credit Suisse Securities brokers in a dispute with the firm, InvestmentNews reports. The seven brokers said they were owed deferred compensation by Credit Suisse after...
