Barred Broker Pleads Guilty to SEC Obstruction, May Avoid Jail
The former advisor will also pay more than $580,000 in penalties for hiding referral fees from an elderly widow.
FINRA’s Top 5 Exam Priorities for 2017
Advisors and broker-dealers have just received a “cheat sheet” of sorts from FINRA.
Star LPL Rep Charged With Annuities Fraud; Targeted Elderly
A client in her 80s with dementia and limited funds was sold an annuity with a seven-year surrender policy, Massachusetts regulators say.
BD Charged With Fleecing Seniors With Unsuitable Products, High-Pressure Contests
In one case, a woman dying of cancer in Massachusetts was pressured to buy a variable annuity.
Ex-Broker Must Pay $600K for ‘Siphoning Money’ From Older Couple: FINRA
Jerome Krause fraudulently borrowed money from his clients when he was working for First Heartland Capital, FINRA said.
SEC Charges Hedge Fund Manager in Scheme Involving Terminally Ill
Donald Lathen allegedly paid 60 patients $10,000 each to use their names on accounts, redeeming their investments after they died.
FINRA Accuses Rep of Fleecing Blind, Elderly Widow
Hank Mark Werner, who is accused of excessive and unsuitable trading, made more than $243,000 in commissions on the account, FINRA said.
Galvin Asks Banks to Do More to Prevent Elder Financial Abuse
The regulator asks 190 financial firms to train staffers and implement protocols for better protection of senior clients.