Mass. Checks Out How BDs Treat Older Investors
Massachusetts securities regulator William Galvin is sweeping 162 Massachusetts BDs to gauge the number of complaints from older investors and how BDs resolve them.
SEC, FINRA Enforcement: Advisors Get $3.6M Arb Award After Boss Faked Client Complaints
In other actions, Massachusetts has charged Boston-based Cabot Investment Properties with fraudulent sales of real estate investments to seniors.
Massachusetts, Illinois Surveying Advisors on Cybersecurity
Advisors' responses could prompt changes in state regulations, Massachusetts securities regulator William Galvin says.
Massachusetts Presses Providers on Lump-Sum 401(k) Contributions
William Galvin asked the 25 largest 401(k) providers if they have shifted to year-end lump-sum employer matching and to detail potential risks to employees.
Galvin Busts Broker Formerly at ‘Wolf of Wall Street’ Firm
The broker and another agent are charged with churning the account of an 81-year-old business owner.
Massachusetts to Require Background Checks for Advisors
The state "believes that it is in the public interest and for the protection of investors," said Secretary William Galvin.
Massachusetts Regulator Finds Custody Infractions Among Switching Advisors
Advisors that switched will have to comply with "stricter" state custody rules and absorb the cost, the Massachusetts Securities Division says.
Massachusetts Fines Citigroup Global $30M Over Leaked Research
An analyst gave not-yet-published research on an iPhone supplier to four major clients, William Galvin's office says.
Galvin Slams Ex-Broker Over Elder Scam
Massachusetts securities regulator William Galvin on Monday charged the broker with transferring $500,000 of client assets to his personal and family accounts.
BDs Subpoenaed on Alt Sales to Seniors
William Galvin, the Massachusetts regulator, is setting his sights on alt investment sales to seniors, calling such products "accidents waiting to happen."