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The Certified Financial Planner Board of Standards announced that it had imposed an interim suspension against a Texas financial professional. In a news release, the CFP Board announced it had taken the action against John Poulos of Colleyville, whose CFP®...
A media and entertainment company and some of its senior executives have been charged with fraud, the Securities and Exchange Commission announced. The SEC filed a complaint in federal court for the Eastern District of New York against Ozy Media Inc., its CEO Carlos...
Credit Suisse Group AG is going to court to fight a recent arbitration ruling that went in favor of one of its former brokers, reports AdvisorHub. Last month, a panel of Financial Industry Regulatory Authority arbitrators awarded $1.3 million to James D. Garrity, who...
Federal prosecutors announced that a New York woman was sentenced to prison for stealing from an investment firm and its clients, Financial Advisor reports. 48-year-old Jennifer Campbell of Niagara Falls was sentenced to serve 36 months behind bars and was also...
A Georgia Superior Court Judge has rejected an attempt by Oppenheimer & Co. Inc. to vacate an arbitration award against the firm, according to Investment News. Last September, a panel of Financial Industry Regulatory Authority arbitrators awarded $36.7 million to...
The Financial Industry Regulatory Authority has barred a Los Angeles broker from the industry, according to AdvisorHub. The action was taken against Antoine Souma, who runs his own registered investment advisory firm, Galliott Capital Advisors in Beverly Hills. The...
A former Massachusetts financial advisor has been sentenced to prison for engaging in a scheme to defraud his clients out of millions of dollars, ThinkAdvisor reports. A federal judge in Boston sentenced 55-year-old Steven Xigoros of Lowell to 109 months behind bars...
An organization of attorneys has suggested that the Financial Industry Regulatory Authority revise its proposal to update its arbitrator selection procedures, AdvisorHub reports. In December, FINRA filed a rule change with the Securities and Exchange Commission...
The Financial Industry Regulatory Authority issued an arbitration ruling in a dispute between a Texas company and two of its former independent brokers, a husband and wife team. NexTrend Securities had filed a statement of claim against Scott David Offerman and Sonya...
A Chicago broker attempting to have investor complaints expunged from his record has won his arbitration claim, according to AdvisorHub. The broker, David A. Hirsch, has been with UBS Wealth Management USA since 2016. The case involved UBS’s complex options strategy...
