Insights
March 10, 2017
FINRA has barred Red River Securities, a broker-dealer formerly out of Plano, Tax, and its Chief Executive Officer Keith Hardwick for fraudulently selling five oil and gas joint ventures, calling the ...
March 8, 2017
FINRA has barred Frank Black and his firm, Southeast Investments N.C. Inc., for failing to keep business-related emails and to comply with pertinent securities law, according to a FINRA panel. The reg...
March 2, 2017
Craig David Dima, an ex-registered representative with K.C. Ward Financial in Ronkonkoma, New York, was barred from the securities industry by FINRA for making unauthorized and unsuitable trades amoun...
February 8, 2017
One of the most common claims our attorneys bring on behalf of clients is failure to supervise. Brokerages are responsible for the majority of their employees’ actions. When a broker or advisor is neg...
February 1, 2017
Robert Cook, CEO of FINRA, embarked on a “listening tour” late last year. He spent months meeting with regulators, policymakers, investors and brokers (among others) to discover their primary concerns...
January 24, 2017
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January 19, 2017
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January 2, 2017
Referring to several conflicts of interest regarding how the firm paid brokers selling annuities, FINRA announced that it fined Valic Financial Advisors Inc. $1.75 million. FINRA found that VFA “...
January 2, 2017
VFG Securities Inc., a small broker-dealer, and its owner, Jason Vanclef, reached a settlement agreement with FINRA regarding allegations that he and the firm had customers overly concentrated in illi...
December 21, 2016
FINRA dished out $14.4 million in fines to twelve firms for breaches pertaining to the retention of broker-dealers’ and clients’ electronic records, which the regulator says made the firms...
December 7, 2016
FINRA fined Morgan Stanley Smith Barney $1.5 million for technical failures, including a faulty website link that obstructed client’s from viewing fund prospectuses. [su_spacer size=”10...
December 6, 2016
FINRA fined Wells Fargo $1 million for failing to have instituted reasonable supervisory systems to watch advisors’ creation of consolidated reports for clients. The fine and settlement referenc...
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