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.
5 Brokers Who Crossed FINRA in Q4
Advisors did everything from obtaining credit cards using fake names to lying under oath, regulator says.
How Outside Business Activities Doomed a UBS Advisor
Phil Fiore was involved in a utility, which created a complicated regulatory situation for the now-fired registered rep.
FINRA Awards Rep $417,000 Over Firing
A regulatory panel ruled that Southwest Securities wrongfully fired and defamed Kimberly Rose.