The Financial Industry Regulatory Authority has filed a complaint against a California broker over what it said was excessive trading in the accounts of investors, reports AdvisorHub. The allegations against Stewart Ginn are from the period between July 2020 and...
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SEC releases report to Congress on Small Business Forum
The Securities and Exchange Commission announced that it has released a report detailing recommendations from panel discussions on how to improve capital raising for small businesses. The SEC summarized the policy recommendations that were made during the 42nd Annual...
Former Osaic recruiter files lawsuit accusing firm of gender discrimination
A gender discrimination lawsuit has been filed against Osaic by one of the company's former senior recruiters, according to a report by AdvisorHub. The suit was brought by Genevieve Sisco, former senior vice president of recruiting at Osaic's subsidiary broker-dealer...
CFTC orders Goldman Sachs to pay $5.5 million for violations involving audio recordings
The Commodity Futures Trading Commission announced it is penalizing Goldman Sachs over recordkeeping violations and violating the cease-and-desist provision of a previous commission order, according to the Wall Street Journal. The CFTC said Goldman Sachs has agreed to...
UBS to pay $1.44 billion over alleged misconduct in residential mortgage-backed securities
The US Department of Justice announced a settlement with UBS AG over alleged misconduct in the sale of residential mortgage-backed securities, (RMBS) AdvisorHub reports. The company settled a civil action that was filed in November 2018 related to UBS’ underwriting...