Insights
October 10, 2016
The Texas State Securities Board has banned broker Mickey Long from recommending alternative investments, including nontraded REITs, after he concentrated a client’s account with too many such i...
October 7, 2016
An annuity exchange allows brokers to transfer an investor’s funds in an annuity to a new policy without incurring tax penalties. IMS Securities, a small broker-dealer firm, was fined $100,000 b...
October 5, 2016
With the levying of some very hefty fines, FINRA is set to beat last year’s amount by nearly 70%, according to a recent Investment News article . In the first half of 2016 alone, FINRA assessed ...
September 29, 2016
UBS Financial Services paid over $15 million to settle SEC charges that it improperly sold risky, complex products to investors, the commission announced. In pursuing the charges, the SEC said that it...
September 27, 2016
The SEC charged an ex-microcap CEO and a boiler room operator with pressuring senior citizens and other investors to purchase penny stocks in a $20 million fraud. Craig V. Sizer is the former CEO of S...
September 22, 2016
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September 19, 2016
Andrew Caspersen, ex-managing principal and member of the secondaries group at Park Hill Group, reached a settlement with the Securities and Exchange Commission that permanently bars him from the secu...
September 15, 2016
FINRA announced that it has fined Ameriprise Financial Services $850,000 for failing to detect that a broker was moving customer money to a business account for personal profit. The registered represe...
September 1, 2016
Caldwell International Securities Corp. will pay roughly $2 million to settle charges that it hurt its investors. Further, the company’s founder, Greg Caldwell, has agreed to be banned from the ...
August 29, 2016
The SEC ordered thirteen firms to pay a total of $2.2 million for spreading false claims made by F-Squared Investments regarding performance of a strategy it used in exchange-traded funds. The SEC fou...
August 5, 2016
FINRA barred Brian James Egan from the securities industry after allegedly failing to disclose trading accounts he held beyond his employer, Independent Financial Group. According to a settlement noti...
July 28, 2016
According to the SEC, Thomas Conrad Jr.–an 85 year old man from Alpharetta, Georgia who was barred from the securities industry 45 years ago for fraud–was defrauding investors all over aga...
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