Groups Appeal DOL Fiduciary Case in Texas
Five national co-plaintiffs and four groups in Lone Star State file to appeal Judge Lynn's decision to uphold the fiduciary rule.
BD Must Repay Tribe $3.4M, Pay $750K FINRA Fine
An advisor that sold $190 million in nontraded REITs and BDCs has yet to resolve charges with the regulator.
FINRA Panel Says UBS Must Pay $9M to Puerto Rican Muni Investor
The arbitration ruling comes just one month after an $18 million ruling, with more decisions expected.
LPL Fined $900K Over Failure to Send 1.6M Notices to Clients
The information should have been sent to investors whose accounts were tied to suitability notices over a seven-year period.
Texas Securities Firm Expelled, Fined $24.6M Over Fraudulent Energy Deals
'Wildcat’ and other investments reaped Red River and its CEO some $3.6 million, but investors lost most of their money.
FINRA Expels BD, Bars CEO for Fraudulent Muni Bond Sales
Robert Lawson transferred millions of dollars from a deceased client's trust to hide bond borrowers' poor financial condition.
FINRA Alerts Investors to Aggressive Call Center Tactics
As clients with smaller accounts are pushed out of advisor relationships, they may be sent to heavily sales-oriented call centers, FINRA says.
Wells Fargo Advisors Wins $23M in Baird Raiding Case
"Raiding is brought up when firms feel they are being specifically targeted by competitors," recruiter Jon Henschen says.
UBS Hit With Second $18M Ruling Over Puerto Rican Munis
The ruling includes $4 million in punitive damages, while the prior award is being challenged in court.
FINRA’s Top 5 Exam Priorities for 2017
Advisors and broker-dealers have just received a “cheat sheet” of sorts from FINRA.