Insights
September 18, 2015
Mark Andrew Bullivant of Fort Myers, Florida submitted a letter of acceptance, waiver, and consent that banned him from associating with any FINRA member in any capacity. FINRA found that Bullivant re...
September 17, 2015
Edward D. Jones & Co., L.P. of St. Louis, Missouri submitted a letter of acceptance, waiver, and consent that censured the firm and fined it $10,000. FINRA found that it failed to report the right...
September 16, 2015
Newbridge Securities Corporation of Fort Lauderdale, Florida submitted a letter of acceptance, waiver, and consent that censured the firm, fined it $22,500, and mandated that it change its written sup...
September 15, 2015
Dempsey Lord Smith, LLC and Jerry Eskel Dempsey, Jr. of Rome, Georgia submitted a letter of acceptance, waiver and consent (“AWC”) in which the firm was censured and fined $10,000. Dempsey...
September 3, 2015
FINRA issued an investor alert yesterday, titled Messaging Apps Are Latest Platform for Delivering Pump-and-Dump Schemes . In the alert, FINRA cautions investors against stock promotions sent through ...
August 25, 2015
FINRA has fined Charles Schwab & Co., Inc. $2 million for net capital deficiencies and for failing to supervise. The net capital deficiencies happened on three different dates in 2014 and spanned ...
August 21, 2015
FINRA is examining potential conflicts in interest regarding how firms compensate their brokers. In a targeted exam letter, FINRA asks firms about a number of compensation policies and practices, rang...
August 17, 2015
FSC Securities will pay a $1.28 million arbitration award to investors who were defrauded by Aubrey Lee Price, who had feigned his death in 2012 to avoid being investigated for his $40 million Ponzi s...
May 14, 2015
UBS Loses Arbitration and Ordered to Pay $200K UBS lost an arbitration case this week pertaining to the offer and sale of a number of Puerto Rico Fixed Income and Bond funds. The Claimant in the arbit...
May 13, 2015
FINRA ordered LPL Financial to pay $11.7 million in fines and restitution for what it called “widespread supervisory failures” pertaining to sales of complex products. According to the reg...
May 12, 2015
Financial Industry Regulatory Authority Investigating National Securities Broker FINRA has filed a complaint against broker Vito Balsamo alleging that Balsamo was “selling away” ownership ...
March 20, 2015
Jacob Robert Craton of Palm Beach Gardens, Florida submitted an AWC in which he was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in any capacity for 45 days....
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