A former broker was suspended by the Financial Industry Regulatory Authority for impersonating a deceased relative during a phone call with her firm, according to ThinkAdvisor. The case involved Kimberly E. Nuessman, who was a registered representative and broker for...
FINRA orders former advisor to pay $1.66M to client for unsuitable investments
A panel of Financial Industry Regulatory Authority arbitrators issued an award to a retired New Jersey teacher who filed a claim against her former advisor over her investment losses, Financial Advisor reports. The FINRA panel ordered the former registered investment...
2 biotech CEOs charged in schemes to defraud investors over drug
A federal grand jury has indicted two biotech chief executive officers on charges they defrauded investors in the company CytoDyn, according to InsuranceNewsNet. 59-year-old Nader Pourhassan of Lake Oswego, Oregon and 69-year-old Kazem Kazempour of Potomac, Maryland,...
Florida couple charged with exploiting elderly investors in real estate scheme
Authorities in Alabama announced the arrests of two Florida residents in an alleged scheme to bilk an elderly couple out of nearly a quarter million dollars, according to InsuranceNewsNet. Allen and Connie Stanko, both 56 years old, were each charged with financial...
FINRA bars ex-broker following allegations of cheating on CFP exam
The Financial Industry Regulatory Authority has barred a former securities representative and broker in a case that involved alleged misconduct on a financial planner exam, ThinkAdvisor reports. FINRA detailed its action against Brandon Self in a letter of acceptance,...
